Release date: 4 June 2024
Promoter – Financial Intermediary
CAIXA GERAL DE DEPOSITOS SALocation
Description
Through the intermediary, the linked risk-sharing operation (own-resources; full delegation) will support Midcaps and Public Sector Entities primarily based in Portugal.
Objectives
The aim is to enhance access to finance to the target beneficiaries and ensure they continue to have the much needed liquidity to operate. The transaction fills a market gap by meeting the financial constraints of mid-caps facing economic uncertainty exacerbated by inflation, supply chain disruptions, energy security and lasting effects of the pandemic. The operation contributes to the EIB transversal Cohesion objective, estimating 64% of the Midcaps and Public Sector Entities beneficiaries to be in cohesion priority regions.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 420 million
Environmental aspects
The EIB requires that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
Procurement
The EIB requires that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
Status
Approved - 23/07/2024
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).