Fiat sells stake in Burgo paper company-source

Newswire

MILAN, Dec 23 (Reuters) - Debt-laden industrial group Fiat has sold its 7.6 percent stake in paper company Burgo, a financial source told Reuters on Monday. The source did not say how much Fiat had sold the stake for or to whom. Fiat sold its near six percent stake in partner General Motors Corp. last week in a rush to meet debt-cutting targets set with creditor banks and stave off a debt downgrade.

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