June 11, 2020 / 9:37 AM / a month ago

BRIEF-Intesa Sanpaolo Signs Loan With Rinascente Of EUR 35 Mln In Line With Italy's Decree

June 11 (Reuters) - Intesa Sanpaolo SpA:

* RINASCENTE GRANTED €35 MILLION LOAN UNDER SACE’S ITALY GUARANTEE SCHEME

* NEW RESOURCES, FOR WHICH SACE HAS QUICKLY ISSUED A 70% GUARANTEE THAT IS COUNTER-GUARANTEED BY THE STATE, WILL BE USED TO PAY SUPPLIERS AND FOR WORKING CAPITAL

* NEW RESOURCES FOR THE RESTART FOLLOWING THE FORCED SHUT-DOWN OF RETAIL STORES DUE TO THE CORONAVIRUS CRISIS Further company coverage: (Gdansk Newsroom)

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