Loans and Borrowings (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Loans and Borrowings [Abstract]

Schedule of Principal Loans and Borrowings

Presented hereunder are details of new loans received during the six month period ended June 30, 2018, relating to the Company’s principal loans and borrowings:

June 30, 2018

Original

Interest

Payment

Face

Carrying

Identity of

Loan

amount of

Mechanism

date of

value

amount

borrower

date

loan

and rate

principal

€ in thousands

Five of the Company Italian subsidiaries

May 2018

33.7 million Euro

Semiannual interest rate equal to the Euribor 6 month rate plus a margin of 185 basis points

June and December 30 of each of the years 2018-2028

33,450

36,795

Less current maturities

2,825

3,434

Total material Company loans issued in the period

30,625

33,360