Fiat Chrysler Nears $6.9 Billion State-Backed Loan From Intesa
- Lender is said ready to approve deal at Tuesday board meeting
- Deal needs sign-off by Italy government, trade-credit body
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Lender Intesa Sanpaolo SpA is nearing approval of a 6.3 billion-euro ($6.9 billion) credit facility for Fiat Chrysler Automobiles NV, in what would be Europe’s biggest government-backed financing to a carmaker since the start of the coronavirus pandemic.