Release date: 27 November 2019
Promoter – Financial Intermediary
MERIDIAM SASLocation
Description
The operation concerns the equity participation into Meridiam GIGF, which will invest into SMEs operating in the sectors of energy transition, clean mobility, circular economy, and sustainable cities and communities.
Objectives
Meridiam GIGF's will predominantly make long-term equity and quasi-equity investments. To be able to monitor and manage the investment risks, the fund will seek to acquire minority or majority stakes in companies with a strong corporate governance.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The EIB will ensure that Meridiam GIGF's operational guidelines comply with its social and environmental standards.
Procurement
Since the Fund is only investing in private companies, it has been assessed that it is not subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude otherwise, the Fund will have to ensure that all contracts for the implementation of the projects financed are in line with EIB's Guide to Procurement.
Status
Signed - 7/12/2020
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).