| Project Detail |
Location:
Regional
Project number:
53649
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
23 May 2022
Status:
Disbursing
PSD disclosed:
11 Jul 2022
The participation in the amount of € 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV (the Company), a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Companys direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSAs operations in Poland and Slovenia), a European leader in thermal insulation materials.
Project Objectives
The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region. |
