The Piaggio Group Signs 60 million Euro Loan

Exclusive Coverage 2020 Vancouver Motorcycle Show-

The new line of credit will fund investments in research, development and innovation, and further strengthen the Group’s financial structure
Milan, 02 July 2020 – The Piaggio Group (PIA.MI) has signed a 60 million euro credit facility with Banca Monte dei Paschi di Siena and Cassa Depositi e Prestiti (in equal proportions).

The new line of credit will support the Piaggio Group’s planned investments in research and development of innovative technological and product solutions in areas such as active and passive safety and sustainability (including reduced consumption and emissions on internal combustion engines), with a view to strengthening its range of scooters, motorcycles and commercial vehicles. It will enable Piaggio to continue consolidating and expanding its leadership position in the mobility sector, and further strengthen the Group’s financial structure.

The transaction is one of the initiatives organised by Banca MPS and Cassa Depositi e Prestiti to provide liquidity and support the resumption of production activities in Italy. Specifically, the financial product in question was launched by CDP a few months ago to support medium-large Italian companies and assist communities and allied industries.

About Michael Le Pard 5041 Articles
"Mr. Totalmotorcycle". Owner and Founder of Total Motorcycle. Supporting over Motorcyclists and Motorcycling for 21 great years. Total Motorcycle is my pride and joy and being able to reach out 330 million people has been incredible but I could not have done it without the support of my visitors, readers and members, thank you so much! You are making a difference to millions of riders worldwide. Thank you.