Fiat starts refinancing talks on 1.95 bln euro loan - sources

Newswire

MILAN/LONDON, May 31 (Reuters) - Italian carmaker Fiat SpA has started talks with banks on refinancing an existing 1.95 billion euro ($2.5 billion) loan in a first step towards merging with Chrysler, banking sources said on Friday. Fiat is in talks to buy the 41.5 percent of Chrysler it does not already own from VEBA, a healthcare trust linked to the U.S. United Auto Workers union. The loan is a routine refinancing of debt expiring in June 2014, and will ...

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