ITALY: LIBYAN ARAB FOREIGN BANK CHAIRMAN DISCUSSES INVESTMENT IN FIAT MOTOR COMPANY.

Record ID: 566234

  • Title: ITALY: LIBYAN ARAB FOREIGN BANK CHAIRMAN DISCUSSES INVESTMENT IN FIAT MOTOR COMPANY.
  • Date: 9th December 1976
  • Summary: 1. SV INTERIOR Abdul Saudi sitting at head of table surrounded by newsmen 0.11 2. SV Cameraman filming 0.13 3. CU Mr. Saudi speaking 1.09 SAUDI: "I have tried t follow up what has been written about this deal and you will allow me if I say that I have not seen two very important facts that the Press should really consider in evaluating this transaction. One of them is how important this deal for Italy as far as immediate injection for the economy and that is the Balance of Payments, when the, an amount of over 400 million dollars will be brought into the economy. rally one which is more important to my thinking is the establishment of free confidence, in the Italian economy and Italian industry. We thought that this transaction will be just a start of telling people that those who know the Italian economy that still have confidence in the economy." Initials OS Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 24th December 1976 12:00
  • Keywords:
  • Location: ROME, ITALY
  • Country: Italy
  • Reuters ID: LVA8AN27Q04GNHRY01Y8SWKRH6PQ
  • Story Text: The Chairman of the Libyan Arab Foreign Bank, Mr. Abdullah Saudi, held a news conference in Rome on Wednesday (8 December) to discuss Libya's 415 million dollar (U.S.) investment in the Fiat motor company.

    SYNOPSIS: Mr. Saudi told reporters there were two important aspects of the deal to be considered. He said it wold benefit Italy's balance of payments and demonstrate confidence in Italian industry and economy.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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