Significant loans received in 2010

  • European Investment Bank (EIB) granted a loan under an agreement to support Group research and development projects

In February 2010, the European Investment Bank (EIB) granted Pirelli Tyre S.p.A. a loan for Euro 100 million under an agreement to support Group research and development projects in 2009-2012. This made it possible to use the whole credit facility approved for this purpose in July 2009.

In May 2010 the EIB also disbursed the first Euro 20 million for a new Euro 50 million loan, granted in support of the Euro 250 million loan for expansion of the Pirelli plant at Slatina in Romania, dedicated to the production of automobile and light commercial vehicle tyres. The new loan complements a similar loan made in 2007 to support establishment of the same production plant.