News and Deals
News and Deals
Linklaters has advised the European Investment Bank (EIB) on the execution of a EUR 200 million risk sharing guarantee granted to Intesa Sanpaolo to support investments by Italian mid-cap companies, with 25% of the guaranteed portfolio earmarked for climate action.
The EIB will share the credit risk of the new underlying operations, using this instrument to enable Intesa Sanpaolo to expand its capacity to finance companies and promote new productive investment, with an estimated leverage effect of €500 million in the real economy. The EIB guarantee falls under the REPowerEU programme to promote energy security in the European Union by investing in renewable energy, energy efficiency and power grids.
The Linklaters team was led by partner Dario Longo, counsel Lorenzo Dal Canto and associate Jacopo Scorsone.