CIR's Sorgenia Signs 10-Year EUR600 Million Loan Agreement
July 15 2009 - 1:50PM
Dow Jones News
Italian energy company Sorgenia SpA, which is owned by CIR SpA
(CIR.MI) and Austrian power generator Verbund AG (VER.VI),
Wednesday said it signed an agreement with six banks for a 10-year
loan of EUR600 million to finance investments in new generation
capacity.
In a statement, CIR said the pool of banks was made up of
Mediobanca SpA (MB.MI), Banca Monte dei Paschi di Siena SpA
(BMPS.MI), Intesa Sanpaolo SpA (ISP.MI), UniCredit SpA (UCG.MI),
WestLB AG and Banca Popolare di Lodi SpA.
The interest rate is based on the euro interbank offered rate
plus a margin in line with current market conditions, it said.
Company Web site: http://www.cirgroup.it
-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924;
liam.moloney@dowjones.com
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