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Nine banks to underwrite €1.8bn Fiat rights issue

Nine banks have been mandated as joint lead underwriters and bookrunners of Fiat's €1.8bn ($2bn) rights issue, part of its €19.5bn turnaround plan.

The rights issue is fully underwritten by ABN Amro Rothschild, BNP Paribas, Citigroup, Deutsche Bank, Merrill Lynch and Italian banks Banca Intesa, Capitalia, Banca IMI and Unicredito.

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