UPDATE 2-Fiat Auto spin-off, recap good for Fiat-Intesa CEO

Newswire

(Adds Marzano on Fiat Auto net loss, Colaninno) MILAN, Jan 28 (Reuters) - A spin-off of Fiat Auto plus a five billion-euro recapitalisation of the struggling carmaker would boost the value of the rest of Fiat, according to the CEO of one of the group's top creditor banks. "If we separate the car (unit) and recapitalise it with five billion (euros) the rest will be worth more too," Banca Intesa Chief Executive Corrado Passera told Corriere della Sera on Tuesday, referring to a widely ...

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