Iran President Hassan Rouhani (C) walks next to the Italian President Sergio Mattarella (L) at the Quirinale presidential palace in Rome, Italy, January 25, 2016. REUTERS/Tony Gentile
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Iranian President Hassan Rouhani arrived in Italy Monday for the first stop of a European tour that's expected to see him sign contracts to purchase Airbus Group SE jetliners and explore manufacturing partnerships with Fiat Chrysler Automobiles NV, PSA Peugeot Citroen and Renault SA. Rouhani may sign deals valued at about 17 billion euros ($18.4 billion) in Italy, according to an official there who asked not to be identified because the information isn't public.In France, Rouhani is likely to complete an accord for 114 Airbus planes to upgrade Iran's aging fleet, possibly including a headline-grabbing order for the flagship A380 superjumbo model, and may sign deals with Peugeot and Renault, according to Iranian reports.A deal for the A380 – flagged as likely by Iran Air Chairman Farhad Parvaresh in an interview – would come as a major boost for Airbus as it struggles to sell the world's largest passenger model.
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