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Fives receives a €200 million loan guaranteed by the French State

Fives announces that it has obtained a €200 million loan guaranteed by the French State

Fives announces that it has obtained a €200 million loan guaranteed by the French State, through facilities provided by six banks: BNP Paribas, Bpifrance Financement, Crédit Industriel et Commercial, Crédit Lyonnais, Natixis and Société Générale, entered into on June 30, 2020.

This loan, 90% guaranteed by the French State, will allow to secure Fives’ requirements in terms of liquidity in a time when the COVID-19 crisis has slowed down the business activity in many of its markets. It will also contribute to finance the Group’s technological and commercial developments to prepare the future and confirm its positioning as a key player in the industry of the future.