Milan, March 24 2010 – Sorgenia SpA, the subsidiary of CIR in which the Austrian provider Verbund has an interest, has extended from 2012 to 2015 the maturities of two syndicated loans signed in 2007 for a total of 805 million euro. This extension refers to a credit facility lead-managed by Banca Monte dei Paschi di Siena for an amount of 500 million euro, and to another loan lead-managed by IntesaSanpaolo for 305 million euro.  

This deal will make it possible to further improve the financial structure of Sorgenia in line with the development plans of the group, which has important investments both in progress and planned in new generation capacity, especially in the sector of renewable energies.