Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source | The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan for Fi

Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source

Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source

Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source

Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source

Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
  • By: channelnewsasia.com
  • Views 3,740
75
Shared
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">

MILAN: The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan for Fiat Chrysler , a source close to the matter said on Thursday.

Earlier this week the loan was approved by the board of Italy's biggest retail bank Intesa Sanpaplo , which will disburse the money after a final green light and conditions for the loan from the Italian Treasury.

Both Fiat Chrysler (FCA) and SACE declined to comment.

FCA earlier this month said its Italian unit was working with Rome and Intesa to obtain a state-backed 6.3 billion euro, three-year facility designed to help the group's operations in the country and the whole industry to weather the crisis triggered by the coronavirus.

(Reporting by Stefano Bernabei, writing by Giulio Piovaccari, editing by Valentina Za)



Ads Links by Easy Branches
https://www.passtechusa.com/q71qxv5kt2?key=fce98667b547cdec45c44114599b7d22
ADVERTISING
ADVERTISING WEBSITES - VISITORS

Easy Branches Worldwide Network provide the possibility and allows You to contribute Your Guest Post on different websites and languages, pointed to any City or Country

Place Guest Post
Cannes a unique boat show in the heart of the French Riviera - Yachting
Yes, It’s Real. Here’s How it Happened - Yachting
Asia-Pacific Boating and China Boating magazines
SEA Yachting is one of Southeast Asia’s leading leisure marine publications. SEA Yachting strives to keep people in the leisure marine industry throughout Southeast Asia up-to-date on technology, events, products and processes that have an impact on their
Agency Sign-up Fill in the form and our consultants will contact you as soon as possible in order to give you all the information you need to sale, rent Your real estate, property
immediate for delivery new exclusive hypercars, megacars and super sportcars so as luxury classic sports cars for sale and purchasing
Banner advertising on easybranches network boatshowchina expolifestyle.com TPE-Bangkok

2020-Flower-expo-China

GMF

wawsexpo
wawsexpo

G&A

TAAPE

china-vmf
Invitation to China VMF 2020
lfpexpo