Italy sets aside further 925 million euros for capital injections in state-owned firms – draft
ROME (Reuters) – Italy’s government plans to set aside 925 million euros ($971.25 million) this year to participate in capital injections in state owned companies, a draft decree seen by Reuters showed on Monday.
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ROME (Reuters) – Italy’s government plans to set aside 925 million euros ($971.25 million) this year to participate in capital injections in state owned companies, a draft decree seen by Reuters showed on Monday.
The 925-million euro figure comes on top of 1.5 billion euros which Rome originally earmarked in 2020 to lure a buyer for state-owned Monte dei Paschi di Siena (MPS). That was never used and MPS remains in state hands.
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The draft says the government can use the additional funds to support programmes to strengthen companies subject to state control, without detailing.
($1 = 0.9524 euros)
(Reporting by Giuseppe Fonte, editing by Gavin Jones)