Italy's Ifil denies moves to strengthen Fiat stake


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 ...

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