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

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 support a restructuring announced on Thursday involving job cuts, factory closures and investments in new models and technology.

Ifil is 63 percent controlled by Ifi which said it would raise up to 456.7 million euros in its own capital increase. Most of that would come from the Agnelli family which founded Fiat 104 years ago and controls both Ifi and Ifil.

Ifil said it would offer shareholders 57 new shares for every 100 held at a price of 1.30 euros per share. Ifil closed at 2.30 euros on Wednesday and has been suspended from trade since.

Ifi will offer nine new shares for every five held at 4.50 euros per share against Wednesday's close of 8.60 euros.

The Milan bourse said Ifi and Ifil shares would start trading again at 1205 GMT.