19 Apr 2024
Wednesday 10 January 2018 - 15:30
Story Code : 289516

Italy and Iran to sign five billion euro investment agreement: Treasury source

Reuters- Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros ($6 billion)whereby Rome will help Italian companies invest in Iran, a Treasury source said on Wednesday.

The accord foresees the opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects by Italian companies, the source said.


Reporting Giselda Vagnoni, writing by Philip Pullella



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