(Alliance News) - Amplifon Spa on Tuesday announced that the European Investment Bank has granted a EUR300 million loan to further accelerate the innovation and digitalization path of the world-leading company in hearing services and solutions.

The loan signed in Milan by EIB Vice-President Gelsomina Vigliotti and Amplifon CEO Enrico Vita represents a first EUR300 million loan of the total EUR350 million approved by the EIB.

The EIB financing will help to further innovate the products and services offered by Amplifon, ensuring an excellent and fully personalized audiological experience through the activation of an entire ecosystem around the customer, in which the quantity and quality of data the company possesses and digital technologies play a key role.

Enrico Vita - CEO of Amplifon - commented, "Our ability to innovate is a key element of Amplifon's global leadership. The support received from the EIB confirms the solidity of our path of innovation and digital transformation, which started right from Italy and the European Union. We are devoting increasing time and resources to the development of new technologies and the virtuous use of data to offer those who come to us an increasingly personalized audiological experience, benefiting people's quality of life."

"This financing will also allow us to further optimize the financial structure, both in terms of the cost of funding and the extension of the average term of debt," Vita concluded.

Amplifon on Tuesday trades in the red by 0.6 percent at EUR31.68 per share.

By Maurizio Carta, Alliance News reporter

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