VOL. XXXV
NO. 41
13-JULY-1992
Financial and Banking News
Financing in Place for Third Stage of Algeria's Gas Line to Italy
Transmediterranean Pipeline Company, a joint venture between Snam S.p.A.,Ente Nazionale Idrocarburi (ENI) and Algeria's Sonatrach, has signed two loanstotaling $260mn which will finance the third stage of Algeria's gas pipeline toItaly. The loans, which were signed on 3 July, were arranged by Morgan Grenfell.A $200mn buyer credit has been guaranteed by the Italian export...
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