MILAN (Reuters) -- Industrial group Fiat said on Tuesday it had sold the few remaining shares in a key 1.84 billion euro ($2.08 billion) capital increase.
The shares had not yet found buyers when the rights issue closed on July 30.
In a statement, Fiat said the unexercised rights had been snapped up on the bourse last week and that a group of banks guaranteeing the capital hike had not had to pick up any slack.
The capital increase had been more than 98 percent subscribed by the time the original offer closed.
The rights issue is a key plank in a restructuring plan aimed at pulling Fiat back to net profit and positive cash flow by 2006 from a record 4.3 billion euro net loss in 2002, by investing heavily in new cars and cutting costs.
Fiat said its parent holding company Ifil -- owned by the carmaker's founding Agnelli family -- had bought 29.66 percent of the new shares on offer and still had more than 30 percent of Fiat's voting stock.