Fiat seeks 1.8 bln euro cap hike, new loan -report

Newswire

MILAN, June 24 (Reuters) - A rescue plan for Fiat will include a 1.8 billion-euro capital increase to be completed as early as July and a new two billion-euro syndicated loan from banks, Italian newspaper Il Sole 24 Ore reported on Tuesday. Il Sole said the plan would extend until 2008 a three billion-euro convertible loan offered by creditor banks to the loss-making industrial group last year. The financial daily said the plan had support from two leading creditors, Banca Intesa and ...

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