The EIB has confirmed the authorisation to conclude the EUR 400 m loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish National Debt Office, as the loan is subject to a state guarantee which the Swedisch Government approved on 26 January 2010. The EU Commission approved the Swedish state-guarantee for the Bank's loan to SAAB on 8 February 2010.
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The European Investment Bank (EIB) is providing €40 million in venture debt financing to Meva Energy AB (“Meva”), a Swedish cleantech company pioneering modular gasification plants that convert biomass residues into climate-neutral, industrial-grade biogas. This innovative fuel can directly replace fossil gas in a range of industries, supporting Europe’s transition to cleaner energy and greater energy independence.