Italy to Supply Credit Lines, Guarantees to Boost Exports to Iran

Maritime Activity Reports, Inc.

April 12, 2016

Italy announced 4.8 billion euros ($5.45 billion) in credit lines and financial guarantees to relaunch exports to Iran, the Italian export agency said on Tuesday during Prime Minister Matteo Renzi's visit to Tehran.
Italy's state-run lender Cassa Depositi e Prestiti will offer credit lines worth 4 billion euros to companies building oil-and-gas and transport infrastructure, while export agency SACE will guarantee those loans,a SACE statement said.
A further 800 million euros in credit lines for small- and medium-sized will also be offered, the statement said.
($1 = 0.8758 euros)

(Reporting by Steve Scherer, editing by Isla Binnie)
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