Italy, July 23 -- The European Investment Bank (EIB) and AGSM AIM have signed a finance contract totalling €120 million to strengthen and modernise the power grid in the three Italian municipalities of Vicenza, Verona and Grezzana, all strategic areas for the group served by the V-RETI S.p.A. business unit.The financing - which can be used all at once or split into tranches - is a step forward in promoting the energy transition and the goals of REPowerEU. The funds will be directed to projects improving the grid's operational efficiency, resilience and sustainability, in line with EU decarbonisation and digitalisation objectives. Background informationThe European Investment Bank (ElB) is the long-term lending institution of the Europ...