Italy's Ifil denies moves to strengthen Fiat stake

Newswire

MILAN, Aug 24 (Reuters) - Italian holding firm Ifil dismissed on Wednesday newspaper reports that it could be buying Fiat shares to strengthen its stake ahead of an issue of shares in the carmaker to settle a convertible loan. "Ifil clarifies that it has not taken steps towards, nor considered, an initiative ahead of the expiry of the convertible bond," it said in a statement. Ifil currently holds 30 percent of Fiat , but that will drop after a 3 billion euro ($3.65 billion) convertible ...

Premium Content (PAID Subscription Required)

"Italy's Ifil denies moves to strengthen Fiat stake" 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
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×