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The loan was “instrumental in the restart of industrial production (after the COVID-19 outbreak) and provided continuity for key investment projects”, the company said in a statement.
It added that Stellantis was now in a position to repay it, ahead of its maturity in March 2023.
The loan, granted in June 2020, had a three-year maturity and credit export agency SACE provided a guarantee on 80% of its amount.
($1 = 0.8981 euros)
