Sanpaolo only agrees Fiat cap hike so far-source

Newswire

TURIN, June 25 (Reuters) - Sanpaolo IMI , one of Fiat's oldest banking allies, has agreed to take part in a capital increase at the struggling group but wants more details on Fiat's other plans, a financial source said on Wednesday. Fiat is due to release a new restructuring plan to reverse its deep losses on Thursday and is widely expected to announce a capital increase of about two billion euros backed by its creditor banks. The carmaker is also in talks with its creditors, including ...

Premium Content (PAID Subscription Required)

"Sanpaolo only agrees Fiat cap hike so far-source" 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.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×