UPDATE 2-Ifil sets up share issue to help Fiat revival

Newswire

(Adds detail, comment from fund managers) By Jane Barrett MILAN, June 27 (Reuters) - Fiat's founding Agnelli family cranked its holding companies into motion to raise cash for a 1.8 billion-euro capital increase at the ailing carmaker on Friday as fund managers began to warm to buying new stock. Agnelli-owned Ifil approved a rights issue of up to 502.2 million euros that will cover most of the 545 million euros it needs to pump into Fiat's second cash call in less than two years and ...

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