We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Beats the alternative

17 February 2003 By Rob Cox

Without news from GM and new management, Fiat will struggle to attract minority shareholders to a E2bn capital increase. But for Fiat’s banks, underwriting the offering at a price close to market beats converting E3bn of debt at an inflated price.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)