Take up the challenge of energy transition and invest in the development of new, increasingly eco-sustainable vehicles. With this objective, a pool of institutions (Banco BPM in the role of Banca Agente and Mandated Leader Arranger, BPER Banca and UniCredit in the role of Mandated Leader Arrangers) granted a financing from 50 million euros to Industria Italiana Autobus (IIA), Italian city bus company.
The loan, with a duration of 36 months, is “aimed at supporting the production of electric and methane gas buses dedicated to urban transport, in a market context that expresses a significant increase in demand for this type of vehicle", as explained in a note. The legal aspects of the transaction were handled on behalf of the banks by Studio Molinari Agostinelli, with a team made up of lawyers Marco Leonardi (partner) and Alessandro Pallavicini (associate).
The operation - continues the note - represents a fundamental element for the implementation of the development plan, which will integrate the funds set out in the national strategic plan for sustainable mobility and those envisaged under the National Recovery and Resilience Plan (PNRR).
Liguori (IIA): "A valid support for our business plan"
«The loan granted by the banking pool – declared the engineer Antonio Liguori, president and CEO of IIA - is a valid support for the realization of our ambitious industrial plan, which has as its objective the recovery and relaunch of the company started with the reshoring of production activities which took place in 2019".
Notari (Banco BPM): "Sustainable mobility allows us to look to the future"
«We are proud to have led this financing operation in favor of the IIA – he commented Marco Notari, Head of Central-Northern Corporate Market of Banco BPM – Banco BPM, in line with its ESG commitment alongside its client companies, wants to support sustainable mobility which allows us to look to the future, take up the challenge of the energy transition and invest in the development of new vehicles increasingly eco-sustainable".
Rivoli (BPER): "Financing represents the sharing of a value"
Andrea Rivoli, Head of the East Emilia - Romagna Business Market of BPER Banca, added: «The issue of mobility, especially sustainable mobility, is very important for BPER Banca. We have worked hard in this direction internally, which is why financing an important reality like IIA represents for us the sharing of a value, as well as an important challenge. The one of the future".
Unicredit: "Promoting the development of a more sustainable economic future"
“This operation – he underlined Unicredit – confirms our Group's commitment to supporting companies to seize new growth opportunities. A commitment that we combine with strong attention to the development of the ESG transition processes of the production realities. In fact, we are convinced that sustainability is increasingly a competitive factor for companies, capable of producing effects with a positive impact for the entire community. This confirms Unicredit's determination to promote the development of a more sustainable economic future".
