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EIB provides €250 million to support R&D and industrial investments by Nexans
The European Investment Bank (EIB) has provided €250 million in financing to Nexans, a global leader in cable system design, manufacturing and associated services. The loan will back Nexans’ research, development and innovation programmes for 2024-2029, together with some industrial investments.
Sweden: Europe’s fight against plastic pollution gets boost as EIB backs Swedish innovation packaging company PulPac
The European Investment Bank (EIB) is lending €20 million (around 220 million Swedish kronor) to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialisation of a fibre-based technology developed by PulPac as an alternative to single-use plastics.
Sweden: EIB backs DanAds to accelerate advertising technology to compete with tech giants
The European Investment Bank (EIB) is lending €21 million (around 230 million Swedish kronor) to Swedish software company DanAds to help small and medium-sized enterprises (SMEs) in Europe and beyond gain access to premium online advertising channels. The financing will enable DanAds to expand its operations and accelerate the development of automated, AI-driven advertising solutions. These technologies will allow advertisers, especially smaller ones, to purchase advertising directly from major publishers’ ad inventory – providing access to premium advertising space that were previously out of reach.