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.
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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.
