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25 September 2020 The on-line newspaper devoted to the world of transports 05:42 GMT+2

August 28, 2020

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SACE's guarantee on the 1.15 loan is operational billions of euros signed by Fincantieri with a pool of banks

Minister Gualtieri signed the implementing decree

The Minister of Economy and Finance, Roberto Gualtieri, signed the implementing decree that makes the SACE guarantee operational (Cash Deposits and Loans group) to cover 70% of the loan 1.15 billion euros signed by Fincantieri with a pool of Italian banks.

The guarantee, the Ministry said, is within the scope specific procedure provided for by the Liquidity Act financing for large companies (with more than 5,000 employees in Italy or with a turnover value 1.5 billion euros) and has been granted "Garantee Italia" (the tool put in place SACE to support Italian companies affected by the emergency Covid-19).

"With this operation- commented the Minister Gualtieri - support a company and a strategic sector to our country's economy, with an employment burden and relevant to the entire Italian industry.'

PSA Genova Pra'
Autorità di Sistema Portuale Mar Ligure Orientale

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