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German sportswear maker Adidas said Tuesday it had received approval for a 3 billion euro ($3.3 bn) loan largely guaranteed by the German government to help it weather the impact of the coronavirus crisis. The syndicated loan would comprise a 2.4-billion euro commitment from German public lender KfW, with a further 600 million coming from Adidas' partner banks including HSBC, UniCredit and Deutsche Bank, the company said in a statement. kih/jj
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