MILAN Dec 14 Italian carmaker Fiat
commented on press reports on Friday it was in talks with banks
to explore a possible capital increase, saying it had "no
specific project" regarding a capital increase, and that it had
no need for one.
"The Italian newspapers Il Messaggero and Il Mattino
reported this morning about alleged Fiat's ongoing talks with
banks regarding a proposed share capital increase," the company
said in a statement.
"Fiat states there is no specific project in such respect,
and believes that there is no need for a capital increase," it
An unsourced report in Il Messaggero on Friday said Fiat
was sounding out UniCredit, Morgan Stanley,
Bank of America and Goldman Sachs about the
possibility of raising between 1 and 2 billion euros ($1.3-$2.6