LONDON, May 8 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Friday:
* Britain’s Financial Services Authority (FSA) has begun a second round of more stringent stress tests on troubled building societies to assess their resilience against collapse in light of last month’s credit rating downgrades, the Daily Telegraph said.
* Banks Intesa Sanpaolo (ISP.MI), Mediobanca (MDBI.MI) and UniCredit (CRDI.MI) are vying to provide financial backing for Fiat’s FIA.MI programme to create an empire spanning Europe, South America and Africa, Il Messaggero said.
Citing bank sources, the paper said that the spun-off Fiat Auto group containing Opel and other brands would be 60 percent owned by Fiat and 40 percent by General Motors Corp (GM.N). Fiat shareholder Exor EXOR_p.MI would dilute its roughly 30 percent stake to 18 percent.
* The Agnelli family, Fiat’s controlling shareholders, would have 10 percent of the merged Fiat, Chrysler and GM units, la Repubblica reported.
Compiled by Quentin Webb; editing by Karen Foster