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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Sweden: Industrial equipment maker SKF to accelerate Europe’s green transition with €430 million loan from EIB
The European Investment Bank (EIB) is lending €430 million to Sweden-based SKF, a global leader in bearings and seals manufacturing, to support research, development and innovation (RDI) central to greening Europe’s economy. The company will use the EIB credit to advance technologies in bearings, seals and lubrication systems over the coming four years at sites in six European countries: Austria, France, Germany, Italy, the Netherlands and Sweden.