UPDATE 1-Fiat seeks new loan, 1.8 bln-euro cap hike -report

Newswire

(Adds share price, company, analyst and trader reaction) MILAN, June 24 (Reuters) - A rescue plan for Fiat will include a new two billion-euro syndicated loan from banks as well as a 1.8 billion-euro capital increase to be completed as early as July, newspaper Il Sole 24 Ore reported on Tuesday. Il Sole, Italy's leading financial daily, said the plan would also extend until 2008 a three billion-euro convertible loan offered by creditor banks to the loss-making industrial group last year. ...

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