UPDATE 2-Fiat says agrees in principle on Fidis sale

Newswire

(Rewrites throughout) By Gianluca Semeraro MILAN, Dec 19 (Reuters) - Fiat SpA said on Thursday it had agreed to sell a majority stake in its finance arm Fidis, slicing 6 billion euros ($6.1 billion) of its gross debt pile but leaving it still several billion shy of a fast-approaching debt cut target. A Fiat spokesman told Reuters that Italy's biggest industrial firm had agreed in principle to a deal to sell consumer finance unit Fidis to creditor banks Capitalia , IntesaBCI , Sanpaolo ...

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