UPDATE 1-Market watchdog rules against Fiat owner Ifil

Newswire

(Writes through with details) MILAN, Feb 22 (Reuters) - Italian stockmarket regulator Consob has told key Fiat shareholder Ifil it breached market rules last year with a statement denying it had decided on plans for its stake in the carmaker shortly before announcing a complex deal, Ifil said. Ifil, the Agnelli family's holding firm, would have seen its Fiat stake diluted last year after banks converted a 3 billion euro ($3.6 billion) loan into shares. But the firm kept its 30 percent ...

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