DWF advises Valtellina S.p.A. in the issue of €10 million bond loan
26 November 2020
DWF have advised Valtellina S.p.A., a leading telecommunications plant equipment manufacturer, in a transaction involving the issue of a bond loan worth €10 million, subscribed by Intesa Sanpaolo S.p.A. as part of its Basket Bond program.
The transaction, that follows the debenture loan of €12 million which was undertaken in December 2019, and issued by Valtellina and subscribed by UniCredit S.p.A., will help ensure the enactment of their investment and development plans.
The Competition and Markets Authority ("CMA") is seeking feedback from interested parties on the Public Transport Ticketing Schemes Block Exemption, which exempts certain forms of agreements between transport operators from the prohibition on anticompetitive agreements in the Competition Act 1998. Responses will inform its decision on whether to extend or replace the Block Exemption before its expiry date in February 2026.