Release date: 1 October 2003
Promoter – Financial Intermediary
- Banco Itaú BBA S.A. (Itaú BBA)
- União de Bancos Brasileiros S.A. (UNIBANCO)
Location
Description
The proposed line of credit will be targeted to subsidiaries or affiliates of EU companies in Brazil promoting small and medium-size investments in industry, agro-industry, commercial infrastructure, tourism and related services.
Comments
Industry, agro-industry, commercial infrastructure, tourism and related services.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 30 million (Itaú BBA) and of EUR 60 million (UNIBANCO)
Total cost (Approximate amount)
Not applicable
Environmental aspects
All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework, to be acceptable in environmental terms to EIB.
Procurement
EIB procurement guidelines for global loans will be applied.
Status
Signed - 18/12/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).