January 25, 2016 / 12:05 PM / 3 years ago

UPDATE 1-Italy's Danieli to sign $5.7 bln in agreements with Iran

(Adds confirmation and details from Danieli)

ROME, Jan 25 (Reuters) - Italian steel firm Danieli will sign about $5.7 billion in commercial agreements with Iran during President Hassan Rouhani’s visit in Rome this week, a company spokesman confirmed on Monday.

A government source told Reuters earlier that the contracts were worth about $4 billion euros, but a company spokesman later said the total value of the agreements was higher and included a joint venture with other international investors, including Iranians.

The joint venture, worth $2 billion, will be called Persian Metallics, said the Danieli spokesman, giving no further details.

Danieli will directly sign contracts with several Iranian companies for machines and equipment to produce steel and aluminum for a total of $3.7 billion, the company said.

Rouhani arrived in the Italian capital on Monday morning and will leave for Paris on Wednesday.

He is leading a 120-strong delegation that includes Iranian entrepreneurs as well as the oil and gas minister and other government officials. He will meet Italian Prime Minister Matteo Renzi later on Monday and Pope Francis on Tuesday. (Reporting by Massimiliano Di Giorgio, writing by Steve Scherer; Editing by Crispian Balmer)

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