Release date: 26 February 2020
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
The operations is a dedicated EIB loan to finance eligible Midcap investments. At least 30% of the operation will be dedicated to innovative Midcaps in the framework of the Piano Nazionale Impresa 4.0 launched by the Italian government in February 2017. This operation will also contribute to mitigate the negative economic effects of the coronavirus Covid-19 as a large portion of the new Midcap portfolio will be originated in the severely affected regions: Lombardy, Veneto and Emilia Romagna.
Objectives
The loan will improve access to term finance at favourable conditions for small and medium-sized projects carried out by midcaps. At least 30% of the operation will be dedicated to innovative enteprises.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 9/07/2020