UPDATE 1-Ifil, Ifi in rights issues to help Fiat

Newswire

MILAN, June 27 (Reuters) - The holding companies that control Fiat said on Friday they would sell new shares to help fund their part of a 1.8 billion euro capital increase at the struggling industrial group. Ifil , Fiat's main shareholder with a 30.3 percent stake, said it would raise up to 502.2 million euros and would subscribe to Fiat's capital increase in line with its holding. To keep its stake stable, Ifil needs to buy about 545 million euros of new stock which Fiat is selling to ...

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