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Cdp finances Linate-Malpensa. Unicredit, new loans with guarantees

The bank's commitment continues, with two loans guaranteed by Sace – CDP finances the modernization of Linate and Malpensa with 75 million.

Cdp finances Linate-Malpensa. Unicredit, new loans with guarantees

Cassa Depositi e Prestiti, which in its role of supporting the Italian industrial fabric has been at the forefront for months, has announced another operation, important from an economic but above all strategic point of view: a 75 million euro loan to SEA for the development of the Milan airports Malpensa and Milan Linate. The new resources will be allocated, among other things, toinfrastructure adjustment, to improve the quality of services, safety and operational efficiency of the Malpensa and Linate airports, also in relation to the COVID-19 health emergency. The two terminals represent crucial infrastructures for the national economy, being the second airport system in Italy with over 35 million passengers in 2019 (about 18% of the country's total passenger traffic). Malpensa and Linate airports are also identified as strategic nodes of the European TEN-T network.

Meanwhile, the other financing initiatives for Italian companies affected by the Covid-19 crisis continue. Among the most recent there are two by Unicredit, which has so far granted 1,5 billion credits out of a national total. The figure, communicated by the president Cesare Bisoni during an interview with "Riparte l'Italia" must be compared with the huge request for liquidity arriving from companies. According to the latest ABI data on the requests covered by the Guarantee Fund based on the Relaunch Decree, they have reached almost 900.000 for a value exceeding 58 billion.

Lastly, the bank led by Jean-Pierre Mustier granted a loan of 15 million euros to the Canadian multinational (but operating in Italy in Cherasco, in the province of Cuneo) Westport Fuel Systems Inc, and another from 10 million to General Railway Construction Spa, a group of 1.000 employees active in the railway equipment sector. Both loans are guaranteed by Sace, in accordance with the provisions of Art. 13 of the Liquidity Decree. The first has a duration of six years, while the second represents the eleventh operation of Unicredit in Lazio, for a total amount of approximately 70 million euros.

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