ANNOUNCEMENT 25 Oct 2021

In October 2021, the Italian Eximbank SACE approved a loan guarantee to support the Italian company 4Bio Srl.
 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 25 Oct 2021 | Removal date: open ended

Loan guarantee

On 25 October 2021, the Italian Eximbank SACE announced providing 4Bio Srl with a guarantee for a EUR 51.6 million loan (USD 59 million) disbursed by UniCredit. The loan and guarantee's purpose is to support the company's growth plan and, more precisely, the building of 4 plants located in the province of Brescia and used for the production of advanced biomethane. The loan has a duration of 6 years. 

In this context, Daniela Cataudella, Green New Deal director of SACE, declared: 'With this operation, our commitment continues to support projects capable of facilitating the Italian transition towards an economy with a lower environmental impact. For us at SACE, supporting excellence such as 4Bio means supporting a reality that makes sustainability a trademark, strengthening the green footprint of the Lombard entrepreneurial fabric'.

4Bio Srl is a company owned by Green Arrow Capital SGR Spa, the largest Italian undertaking in alternative investments. It is an alternative cosmetic brand.


The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

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