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Sorical can receive EUR110 million in Italian rescue aid, EU executive says

( September 21, 2023, 11:50 GMT | Official Statement) -- MLex Summary: Sorical, an integrated water services provider in the Italian region of Calabria, may receive urgent liquidity support worth 109.9 million to address its financial difficulties, the European Commission said today. The measure, which comes in the form of a loan, will grant Sorical the resources to meet its immediate liquidity needs until the end of the year. Sorical is deemed to provide an essential Service of General Economic Interest, and the aid will help to secure Calabria's water supply, the commission concluded.Statements follow. ...

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