Fiat sells Midas car repair shops for 47.5 mln euros


MILAN, July 29 (Reuters) - Italy's Fiat said on Thursday it had sold its car service network Midas in Europe and South America for 47.5 million euros to French group Norauto, the latest in a string of asset sales by the industrial group. Fiat said the group would book a 24 million euro ($28.86 million) capital gain from the sale by automotive components unit Magneti Marelli. Midas, known for its bright yellow shop fronts, has a network across Europe, with 620 outlets including stores in ...

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