Fiat unlikely to buy more RCS shares - source

Newswire

TURIN, June 22 (Reuters) - Fiat is unlikely to buy shares in RCS Mediagroup which are being sold as part of a management coup at the Italian media firm, a financial source said on Tuesday. Fiat, RCS's top shareholder with a stake of 10.2 percent, had been expected to decline on the chance of buying some of the shares being sold by holding company Gemina because Fiat is focusing its resources on its loss-making car arm. Gemina, controlled by RCS's founding Romiti family, agreed on Monday ...

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