UniCredito okays 1.8 bln euro Fiat cap hike-source

Newswire

TURIN, June 25 (Reuters) - Bank UniCredito will take part in a planned 1.8 billion-euro capital increase at Fiat as part of a wider plan that also sees a revision of a major 2002 credit deal, a financial source said on Wednesday. UniCredito is a leading member of a group of Fiat creditor banks which last year gave the loss-making industrial group a three billion-euro convertible loan. The loan is due to expire in 2005 and the banks have been keen to extend it to avoid the possibility of ...

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