(Adds Sanpaolo price, comments) MILAN, Jan 20 (Reuters) - Italy's Sanpaolo IMI and Banca Monte dei Paschi di Siena on Friday became the first banks to sell shares in Fiat obtained last year from conversion of a 3 billion euro ($3.6 billion) loan. Creditor banks ended up with about 27 percent of the carmaker's equity after converting a loan extended in 2002 at the depth of its crisis. Most of them have said they intend to sell their shares in Fiat -- Italy's largest private employer -- ...
Premium Content (PAID Subscription Required)
"UPDATE 5-Italy's Monte Paschi, Sanpaolo sell Fiat stakes" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.