Ethica Debt Advisory advised Linea Group Holding in structuring a financing directly provided by the European Investment Bank
Ethica Debt Advisory advised Linea Group Holding, a multi-utility company operating mainly in the environmental and energy sectors, in structuring a financing directly provided by the European Investment Bank and partially guaranteed by SACE to support the upgrading of gas networks, electricity and district heating.
Linea Group Holding is a multi-utility serving over 1 million inhabitants in approximately 250 municipalities in the provinces of Brescia, Cremona, Lodi and Pavia. It has been founded in 2006 by the strategic alliance of five companies: Aem Cremona, Asm Pavia, Astem Lodi, Cogeme Rovato, Scs / Scrp Crema to meet the challenges of the local public services market.
The financing will support around 50% of the investments planned for the territorial development for the modernization and expansion of networks and plants.
Franco Mazzini, company’s CEO, said: “The financing obtained by the European Investment Bank is fuel for our development and also represents an important recognition of our corporate solidity, whose mission is to effectively respond to the needs of its territories”.