The Council of Ministers, according to what is learned from government sources, approved a decree law with interventions in favor of the creditors of theformer Ilva.
According to the draft law decree containing "Urgent provisions to protect the related industries of large companies in a state of insolvency admitted to the extraordinary administration procedure", access for the guarantee fund it is granted to small and medium-sized enterprises that encounter "difficulty in accessing credit due to the worsening of the debt position of client companies that manage at least one industrial plant of national strategic interest" and that are "admitted to the extraordinary administration procedure".
Companies "admitted to the extraordinary administration procedure on a date subsequent to the entry into force of this decree are granted free of charge, without evaluation, starting from the date of entry into force of this decree and until the closure of the aforementioned administration procedure extraordinary, the guarantee of the Fund up to the extent: 80 percent of the amount of the financial operation, in the case of direct guarantee; of 90 percent of the amount of the financial operation guaranteed by the first level guarantor, in the case of reinsurance". This is what is reported in the draft law decree "Urgent provisions to protect the related industries of large companies in a state of insolvency admitted to the extraordinary administration procedure" approved in the Council of Ministers with interventions in favor of the creditors of the former Ilva.
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