Italy's Sanpaolo hits back at Fiat over share sale


MILAN, Jan 26 (Reuters) - The chairman of Italy's Sanpaolo , under fire from Fiat for selling its stake without warning, defended the bank's decision on Thursday and accused the carmaker's bosses of acting "like Renaissance princes". Sanpaolo and Banca Monte dei Paschi di Siena last Friday became the first banks to sell Fiat shares obtained from the mandatory conversion of a 3 billion-euro ($3.69 billion) loan last year. Fiat's CEO Sergio Marchionne said later that day that the banks had ...

Premium Content (PAID Subscription Required)

"Italy's Sanpaolo hits back at Fiat over share sale" 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 pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×