By  on May 7, 2010

MILAN — The state-appointed administrators of Ittierre SpA said they have secured fresh funds totaling 60.6 million euros, or $77.4 million at current exchange rates, financed by a pool of banks that include UniCredit Corporate Banking, Intesa Sanpaolo and Banca Popolare di Milano, among others.

Parent company IT Holding SpA, which has been in government-backed bankruptcy protection since February 2009, said it has received approval for the loans by the minister of economy and finance, the minister of economic development and the European Union.

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