ANNOUNCEMENT 27 Sep 2019

In September 2019, the European Investment Bank (EIB) signed a loan agreement with ALD SA to support the company's hybrid and electric vehicle deployment across the EU.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, ALD CLEAN TRANSPORT FLEET: https://www.eib.org/en/projects/loans/all/20170489
The European Investment Bank, Project summary, ALD CLEAN TRANSPORT FLEET: https://www.eib.org/en/projects/pipelines/all/20170489
The European Investment Bank, press release of 30 September 201, France : la BEI octroie un financement de 250 millions d’euros à ALD pour accélérer la croissance de sa flotte de véhicules hybrides et électriques: https://www.eib.org/en/press/all/2019-234-la-bei-octroie-un-financement-de-250-millions-d-euros-a-ald-pour-accelerer-la-croissance-de-sa-flotte-de-vehicules-hybrides-et-electriques
ALD: https://www.aldautomotive.com/
European Union, The Cleaner Transport Facility, issued on 1 December 2016: https://www.eib.org/attachments/press/20161201-vp-pvb-handout-ctf-council.pdf

Inception date: 29 Sep 2019 | Removal date: open ended

Financial assistance in foreign market

On 29 September 2019, the European Investment Bank (EIB) and French car leasing company ALD SA signed a loan agreement having a total value of EUR 250 million (approx. USD 273.5 million). The EIB financing will support the company's purchase and deployment of 15,000 electric or hybrid vehicles across the EU with a particular focus on Germany, Italy, Spain, Belgium and the Netherlands as well as France. The loan is issued under the Cleaner Transport Facility launched in December 2016.

ALD SA, also known as ALD Automotive, is a global full-service vehicle leasing company directed towards both individuals and corporations. The company has its headquarters in France with a global presence in 43 countries around the world of which over 30 countries are in Europe. 

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A