Search

Italy Economy Minister confident government, Fiat can complete state-backed loan - Reuters

susukema.blogspot.com

FILE PHOTO: Italy's Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca/File Photo

ROME (Reuters) - Italy’s Economy Minister Roberto Gualtieri said on Friday he was confident the government and Fiat Chrysler (FCHA.MI) would be able to complete a deal over a state-backed loan for the carmaker.

Fiat Chrysler’s Italian division is working with the government and lender Intesa Sanpaolo (ISP.MI) to obtain 80% state guarantees on a 6.3 billion euro ($6.9 billion) three-year loan facility to help weather the COVID-19 pandemic.

“This guarantee is remunerated and so the state makes a profit and so if the operation is finalised, which I presume it will be, I hope, the state would earn 150 million euros,” Gualtieri said in comments on Facebook.

He said the process had not yet been completed.

Reporting by Angelo Amante, writing by Stephen Jewkes

Let's block ads! (Why?)



"complete" - Google News
May 23, 2020 at 02:08AM
https://ift.tt/3bW1SD5

Italy Economy Minister confident government, Fiat can complete state-backed loan - Reuters
"complete" - Google News
https://ift.tt/2Fvz4Dj
https://ift.tt/2YsogAP

Bagikan Berita Ini

0 Response to "Italy Economy Minister confident government, Fiat can complete state-backed loan - Reuters"

Post a Comment


Powered by Blogger.