Large Italian companies have requested 18.5 billion euros ($20 billion) in state-guaranteed loans to weather the coronavirus crisis, state-backed export credit agency SACE said on Saturday.
Last month the Italian government approved a package of emergency measures offering liquidity and bank loans to companies hit by the health emergency.
One of the measures allows medium-sized and large companies to ask SACE to guarantee new bank loans, provided the firms refrain from approving dividend payments for a year. The credit agency said that banks had received 250 requests for state-guaranteed loans so far. It pledged to act quickly to ensure fresh funds were available for cash-starved companies, adding that once it received a request from a bank it could issue the guarantees within 48 hours.The motorway and airport units of infrastructure group Atlantia (
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