UPDATE 1-Fiat damps Ifil speculation after share rally

Newswire

(adds details, updates share price) MILAN, Aug 24 (Reuters) - After a strong rise in its shares, Fiat poured cold water on Wednesday on talk that holding firm Ifil could be buying up stock to maintain its stake ahead of an issue of shares to settle a convertible loan. Media reports had speculated that the Agnelli family's Ifil , currently Fiat's top shareholder, was behind a jump in the group's shares, as the firm sought to avoid the dilution of its stake after the mandatory convertible ...

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