Transaction details

Ethica Debt Advisory supported Prysmian Group in obtaining a grant from Regione Lombardia and the Ministry of Economic Development

Ethica Debt Advisory team supported Prysmian Group in obtaining a grant from the Ministry of Economic Development and Regione Lombardia through the subscription of an Innovation Agreement.

Prysmian Group operates in the cable and system business for the transmission and distribution of energy and telecommunications. Listed on the Italian Stock Exchange, the Group has more than 140 years of experience, reported consolidated revenues of € 11 billion and almost 30 thousand employees among 50 Countries.

The grant will allow Prysmian to advance an industrial research and development programme inside the High and Ultra-High Voltage cable systems business unit that will involve the analysis and development of an innovative array of High and Ultra-High Voltage, Continuous and Alternate Current cable systems with possible land and submarine applications