The European Investment Bank (EIB) will lend €35 million to the Spanish multinational GAM (BME ticker: GALQ), which specialises in turnkey machinery solutions for industry, to make its rental fleet electric and develop more sustainable last-mile solutions for its subsidiary Inquieto. The loan will also be used to digitalise and develop Kirleo, the company’s vocational training school, therefore supporting digital skills development and training at the company. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. This financing is in line with GAM’s strategic approach based on innovation and sustainability.
Today, in the margins of the Union for the Mediterranean (UfM) Regional Forum and the EU-Southern Neighbourhood Ministerial meeting, the European Commission signed an agreement with the European Investment Bank (EIB) for a €40 million EU grant to support a high-speed fibre-optic connection under the Mediterranean as part of the “MEDUSA” project supported by the EU’s Economic and Investment plan for the Southern Neighbourhood.
Endesa and the European Investment Bank (EIB) are taking a new step in sustainable financing to boost the energy transition. EIB Vice-President, Ricardo Mourinho Félix, and Endesa Chief Financial Officer Luca Passa signed today a EUR 250 million loan in Madrid to finance the investments that e-distribución, Endesa's networks subsidiary, will make during the 2022-2024 period in the improvement, modernisation and expansion of electricity distribution networks.