By Steve Scherer
Jan. 25 (Bloomberg) -- UniCredit SpA Chief Executive Officer Alessandro Profumo said his bank is willing to extend credit to Fiat SpA to support Italy’s “economic engine,” Il Sole-24 Ore newspaper reported.
“Regarding a line of credit for Fiat, we must make a choice, and I believe it’s important to support Fiat,” the newspaper said, citing comments Profumo made yesterday on the sidelines of a conference in Roncade, in Northern Italy.
Italian banks including UniCredit may make available 1 billion euros ($1.3 billion) to Fiat, Italy’s biggest manufacturer, Il Sole said, citing no one.
To contact the reporter on this story: Steve Scherer in Rome at scherer@bloomberg.net
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