ITALY: Italian insurer to participate in Fiat rights issue - report
Italian insurer Generali intends to subscribe to a €1.8 billion capital increase at industrial group Fiat in line with its around 2.5% stake, a spokesman said on Tuesday, according to Reuters. Reuters noted that, earlier on Tuesday, sources said fellow major Fiat shareholder Deutsche Bank would not take part in the rights issue and earlier this month U.S. fund Dodge & Cox sold almost all its 7.6% stake in the struggling car maker.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable