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    Reference: 20210184
    Release date: 11 May 2021

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Equity participation in a private equity fund investing in small and medium-sized enterprises (SMEs) that promote climate action and environmental sustainability in Latin America.

    Objectives

    The fund aims to provide equity and quasi-equity support to private companies (SMEs) active in Latin America (with a focus on Brazil) and that promote climate action and environmental sustainability. The Fund will support the achievement of the sustainable development goals (SDGs), particularly aiming to limit climate change. The fund has a target size of approximately USD 200m.

    Comments

    N/A

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 40 million (EUR 34 million)

    Total cost (Approximate amount)

    USD 200 million (EUR 170 million)

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    Procurement

    The fund is expected to comply with EIB's procurement guidelines.

    Status

    Approved - 22/07/2021

    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).

    Related tags

    Brazil Regional - Latin America Services