To cope with the operating loss following the Covid-19 pandemic, the Piaggio group takes out a loan of 60 million euros from the banks Monte dei Paschi di Siena and Cassa Depositi and Prestiti.
The global economy has suffered severely this year 2020, the motorcycle and two-wheel sector in general is unfortunately no exception to the rule. Hard hit, Italy was forced to close many of its factories during the Covid-19 crisis.
To secure its future, the Piaggio group took out a loan from two banks (in equal shares). It is therefore a total amount of 60 million euros that the transalpine group borrowed from MPS (Banca Monte dei Paschi di Siena) and CDP (Cassa Depositi e Prestiti). For the record, the Piaggio group includes Aprilia, Derbi, Gilera, Moto Guzzi as well as Vespa.
