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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Luxembourg : € 100,000,000
Services : € 50,000,000
Energy : € 50,000,000
Signature date(s)
3/12/2009 : € 50,000,000
3/12/2009 : € 50,000,000
Link to source

Summary sheet

Release date
6 October 2009
Status
Reference
Signed | 03/12/2009
20090360
Project name
Promoter - financial intermediary
Marguerite 2020 Fund

The European Investment Bank (EIB),
Caisse des Dépôts et Consignations (CDC),
Cassa Depositi e Prestiti (CDP),
Kreditanstalt für Wiederaufbau (KfW),
Instituto de Credito Oficial (ICO), and
Powszechna Kasa Oszędności (PKO)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Equity EUR 100 million
EUR 600-750 million at First Close, EUR 1.5 bn in total equity
Location
Sector(s)
Description
Objectives

Pan-European infrastructure fund for long term institutional investors to finance the implementation of strategic European policy objectives and projects in the Transport, Energy/Climate and Renewables sectors.

This Fund is designed to contribute to the European Economic Recovery Plan by financing the implementation of strategically important European policy objectives in Energy/Climate, Renewable and Transport sector infrastructures.

Environmental aspects
Procurement

Due to their technical characteristics, some of the Fund’s investments may fall under Annex I or II of the EIA-Directive. The legal documentation to be entered into by the Bank will include a provision under which the Fund Manager should ensure that the portfolio companies are in compliance with Community and national law in relation to environmental protection.

The Fund’s investment guidelines will be required to ensure that contracts for the implementation of individual schemes have been tendered in accordance with the relevant EU legislation in relation to competition and award of public contracts.

Link to source
Summary sheet

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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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