Avio

Capital/Financing Update • Jan 16, 2019

Informazione Regolamentata n. 1771-2-2019		Data/Ora Ricezione 16 Gennaio 2019 17:41:57	MTA - Star
Societa'	:	Avio Spa
Identificativo Informazione Regolamentata	:	112950
Nome utilizzatore	:	AVION01 - Spaziani
Tipologia	:	REGEM
Data/Ora Ricezione	:	16 Gennaio 2019 17:41:57
Data/Ora Inizio Diffusione presunta	:	16 Gennaio 2019 17:41:58
Oggetto	:	FINANCING FROM THE EUROPEAN INVESTMENT BANK
Testo del comunicato

Vedi allegato.

CONTRACT SIGNED FOR THE FINANCING OF ADDITIONAL EURO 10 MILLION WITH THE EUROPEAN INVESTMENT BANK (EIB)

______________________________________________________________

Rome, 16 January 2019 – Avio S.p.A., Italian company leader in the space propulsion sector, informs that today it has signed the contract for the financing of additional Euro 10 Million with the European Investment Bank (EIB).

Such financing adds up to the first Euro 40 Million loan issued by the EIB to Avio S.p.A. in October 2017, with the same economic conditions.

Leveraging the above indicated financing, Avio S.p.A. intends to support the development of space propulsion technologies for the new Vega C and Ariane 6 launchers and expand the industrial capacity of the Colleferro plant in order to meet the production volumes expected for the coming years.

"We are pleased to continue our collaboration with the European Investment Bank – Giulio Ranzo, Avio CEO, stated. This agreement further reinforces our trust in the achievement of our medium and long term growth targets, ensuring additional financial soundness to our Company".

Avio S.p.A.

Avio is a leading international space launcher group operating in the space propulsion and space launch industry. The group operates in Italy, France and France Guyana with 5 facilities, employing 850 people at consolidated level; in 2017 revenues totaled Euro 344 million.

The Avio Group manufactures the Vega launcher in carbon fiber, allowing Italy to join the restricted group of countries capable of building a complete spacecraft.

Avio is developing the new Vega C launcher and is involved in the new Ariane 6 launcher with new solid engine and liquid oxygen Vinci and Vulcain turbo-pumps.