UK: Fiat to cut debt through disposals - FT
Fiat SpA plans to raise 3 billion EUR from disposals, 50% above previous targets, as part of a 'sweeping debt reduction programme', the Financial Times reports. Fiat chief executive Paolo Cantarella is due to meet institutional shareholders in London today to discuss the restructuring, which aims to halve the group's EUR 6 billion net debt by the end of this year and cut it further in 2003, the FT said.
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