Subsidiary Directa Plus is eligible for Italian government loans in the amount of 700,000 euros

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Anthony O. Goryainov

Directa Plus PLC announced on Monday that its Italian subsidiary Directa Plus SpA has been eligible for loans of € 700,000 ($ 830,795) as part of the Italian government’s Covid-19 recovery plan.

Directa Plus, an Italian supplier of graphene-based products registered in the UK, announced that the funds will be available from Intesa Sanpaolo SpA in two tranches: an initial loan of € 500,000 and an additional lease loan of € 200,000 to finance the acquisition. new technology for its production.

The loans are guaranteed by the Italian government between 80% and 90%, and it is negotiating an additional € 500,000 loan with another Italian bank, the company said.

Directa Plus said it took advantage of the low liquidity cost offered by the Italian government to accelerate its strategic program.

Email Anthony O. Goryainov at anthony.orunagoriainoff@dowjones.com

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