T.Italia raider Colaninno plots Fiat move --report

Newswire

MILAN, Dec 30 (Reuters) - Italian entrepreneur Roberto Colaninno, who masterminded a 1999 takeover of Telecom Italia , is developing an 8 billion euro ($8.4 billion) plan to rescue industrial group Fiat , a newspaper reported on Monday. La Repubblica said on its Web site the plan envisaged the cash being pumped into Fiat's struggling Fiat Auto unit, with some of the funds raised by the sale of the group's aviation arm Fiat Avio and insurance division Toro. An option allowing Fiat to sell ...

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