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    Signature(s)

    Amount
    € 350,000,000
    Countries
    Sector(s)
    Belgium : € 350,000,000
    Credit lines : € 350,000,000
    Signature date(s)
    21/12/2021 : € 350,000,000

    Summary sheet

    Release date
    11 June 2021
    Status
    Reference
    Signed | 21/12/2021
    20200771
    Project name
    Promoter - financial intermediary
    PMV EGF MIDCAPS RISK SHARING
    PARTICIPATIEMAATSCHAPPIJ VLAANDEREN
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 350 million
    EUR 1225 million
    Location
    Sector(s)
    Description
    Objectives

    Linked risk-sharing operation under the European Guarantee Fund (EGF) to support mid-caps and other eligible entities in the Flanders region, Belgium.

    The objective of this operation is to support companies' access to liquidity and to improve their resilience to the fallout of the COVID-19 pandemic, as well as to support investment, and thereby also foster economic recovery in Belgium. The focus is primarily on mid-caps and large corporates active in the Flanders region, with exceptional allocations in eligible EU member states not excluded.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Comments

    The intermediary will be Gigarant NV, an entity owned by the Flemish region and PMV.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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