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Bank of China Ltd. is set to sign a memorandum of understanding with Enel, Italy's largest utility, to provide up to €1 billion in financing. This marks Enel's first direct funding from a Chinese lender and opens avenues for potential project financing in China and other locations. The agreement is part of Chinese Premier Li Keqiang's visit to Rome, signifying growing economic ties between China and Italy.
Monday, 13 October, 2014