Transaction details

Ethica Debt Advisory assisted Prysmian Group in obtaining a grant and a subsidized loan from the Ministry of Economic Development

Prysmian is a global leader in cable manufacturer, energy solutions, telecom cables and systems industry. The Group has more than 140 years of experience, reported consolidated revenues of € 11 billion and almost 30 thousand employees among 50 Countries.

The facilitations granted by the Ministry of Economic Development, consisting in a soft loan and a non-repayable grant, are aimed at supporting a research and development programme planned for the three-year period 2021-2023. The subsidy was granted under the Sustainable Growth Fund, in accordance with Ministerial Decree of the 2nd of August 2019 – Sustainable Industry Call.

The project is aimed at developing High Voltage Alternate Current systems for the interconnection of renewable energy plants