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Italy sets aside further 925 million euros for capital injections in state-owned firms - draft

By Reuters

ROME – Italy’s government plans to set aside 925 million euros ($971.25 million) this year to participate in capital injections in state owned companies, a draft decree seen by Reuters showed on Monday.

The 925-million euro figure comes on top of 1.5 billion euros which Rome originally earmarked in 2020 to lure a buyer for state-owned Monte dei Paschi di Siena (MPS). That was never used and MPS remains in state hands.

The draft says the government can use the additional funds to support programmes to strengthen companies subject to state control, without detailing.

($1 = 0.9524 euros)