UPDATE 2-Fiat meets restructuring costs by closing GM swap

Newswire

(Recasts with detail, call option to cover exchangeable) By Jane Barrett MILAN, April 23 (Reuters) - Fiat has pocketed the last handfuls of cash it needed to fund a turnaround by closing a derivatives deal for a pre-tax gain of 305 million euros ($362.4 million), the Italian industrial group said on Friday. Fiat has been scouring its books to find extra money after deciding it would cost 2.1 billion euros to restructure, and not 1.8 billion as previously budgeted, to pull the group out ...

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