Brief: GAM Formalizes Financing Operation For 35 Mln Euros With European Investment Bank

General de Alquiler de Maquinaria SA

01/12/2022 08:32

Dec 1 (Reuters) - General de Alquiler de Maquinaria SA
 GALQ.MC :
    * INFORMS ABOUT FORMALIZATION OF FINANCING OPERATION TO BE
SUBSCRIBED BY COMPANY, AS BORROWER, AND EUROPEAN INVESTMENT
BANK, AS FINANCIAL INSTITUTION, WITH SUPPORT OF EUROPEAN FUND
FOR STRATEGIC INVESTMENTS
    * FINANCING AMOUNTS TO 35 MILLION EUROS
    * FUNDING IS FOR INVESTMENTS IN RELATION TO PROJECT
CONSISTING OF
ELECTRIFICATION OF CO'S EXISTING RENTAL FLEET AND DEVELOPMENT OF
SUSTAINABLE "LAST MILE" SOLUTIONS, CARRIED OUT BY ITS SUBSIDIARY
INQUIETO
    * FUNDING IS ALSO FOR DEVELOPMENT OF "KIRLEO", COMPANY'S
DIGITAL
TECHNICAL TRAINING SCHOOL AND PROMOTION OF DIGITALISATION OF ITS
PRODUCTION AND COMMERCIAL PROCESSES

Source text for Eikon:  ID:nCNM2NJlN3 
Further company coverage:  GALQ.MC 
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