Maschio Gaspardo Secures Debt Rescheduling Agreement

Italian farm machinery group Maschio Gaspardo has secured an agreement with 21 banking institutions to reschedule €140 million ($155 million) of debt to support the group’s international development.

The agreement will also allow a €20 million ($22 million) increase in share capital, which has been approved by regional Italian finance companies and equity partners supporting the group.

Mirco Maschio, president, said, “This agreement definitely strengthens the financial and capital situation of the company, and reaffirms…

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