UPDATE 1-Amber Capital owns 11 pct Fiat savings shrs-source

Newswire

(Adds details, background) MILAN, June 23 (Reuters) - U.S. hedge fund Amber Capital owns about 11 percent of the savings shares in Italian automaker Fiat , a financial source said on Friday. "There is a fund, Amber Capital, that has sent a letter declaring that it owns about 11 percent of the savings shares," the source told Reuters, confirming a report published earlier Friday by the Italian newspaper, La Repubblica. Officials at Fiat and Amber, which is based in New York, declined to ...

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