ROME, Feb 27 (Reuters) - No buyer has yet been found for Fiat's insurance unit Toro, a source at Italian bank Capitalia said on Thursday.
When asked by reporters if a buyer had been found, the source said "Not yet" but added to wait until Friday when the Fiat board is due to meet.
"(Outgoing Fiat Chairman Paolo) Fresco said we would know something new about its sales."
Fiat is selling Toro, one of its prized assets, under pressure from its creditor banks to raise billions of euros to relaunch its cash-burning auto division.
Toro owns a 6.6 percent stake in Capitalia.
Capitalia, whose investment banking unit MCC is advising Fiat on the sale, is understood to have a veto over who ends up buying the insurer, which is one of its three main shareholders.
Potential bidders for Toro include an alliance of insurer Unipol and stakeholder Emilio Gnutti, one of Italy's top financiers and U.S. investment bank Goldman Sachs .
RAS , the Italian arm of Germany's Allianz has also said it could consider a bid.