Ifil to stay as Fiat's leading shareholder-chairman


TURIN, June 27 (Reuters) - Ifil , a holding company controlled by Italy's Agnelli family, will continue to be Fiat's leading shareholder, Ifil Chairman Gianluigi Gabetti said on Monday. A group of eight banks are due to convert a 3 billion euro ($3.7 billion) loan they extended to Fiat in 2002 into equity in September and will leapfrog Ifil as Fiat's biggest shareholder, diluting its founding family's holding to about 22 percent. However, some banks could sell their stakes on and they ...

Premium Content (PAID Subscription Required)

"Ifil to stay as Fiat's leading shareholder-chairman" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×