Release date: 3 October 2024
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
The operation consists of a "Linked Risk Sharing guarantee (LRS)" on new financing for mid-caps in Italy through the intermediation of Intesa SanPaolo. 25% of the new investments are expected to contribute to Climate Action, in line with REpower EU objective and eligibilities.
Objectives
The aim is to enhance access to finance to the final beneficiaries and support their investment efforts into Climate Action.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 513 million
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal
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).