Ethica Debt Advisory advised Fiamm, manufacturer of batteries, in structuring a financing provided by European Investment Bank, brokered by BNL and partially guaranteed by SACE.
Fiamm is a company with a long tradition in the business of starter batteries, horns and industrial batteries. Today, alongside this traditional business, Fiamm has started the development and production of batteries and accumulators innovative in terms of environmental impact, mainly related to sustainable mobility.
The financing of the European Investment Bank is intended to support R&D activities for the period 2010-2012 in the battery division, focused on the use of new materials for performance optimization and to meet the growing needs in the field energy saving.
Furthermore, new products will be studied for different applications, including the use of accumulators in extreme environmental conditions.