Energy and infrastructure: Intesa Sanpaolo promotes investment in Spain
As part of a bilateral collaboration between Italy and Spain, Intesa Sanpaolo promotes investments in strategic sectors such as energy and infrastructure in Spain, which are crucial for sustainable economic development.
With this aim, Intesa Sanpaolo's IMI Corporate & Investment Banking Division has gathered in Madrid representatives of institutions, associations, businesses and the world of finance, to discuss the issues of economic growth for Italy and Spain.
Intesa Sanpaolo in fact continues to reinforce its leading role in the Spanish market, ranking among the top 10 banks in syndicated loans, and confirms its support for the country's many businesses. Over the past two years, the IMI CIB Division has participated in 13 financial transactions involving Italy and Spain for a total value of approximately €27 bln and in recent days it took part in the placement of four corporate bonds for CriteriaCaixa, Iberdrola, Naturgy and Santander for a total of €6.7 bln. Today, Intesa Sanpaolo works with 135 groups in the country, for total investments of approximately €8 bln.
"Spain and Italy share cultural values and trade relations, which continue to evolve and strengthen in response to global economic challenges and opportunities. We firmly believe that investments in strategic sectors such as energy and infrastructure are key factors for sustainable economic development and for boosting Europe's competitiveness”
Mauro Micillo, Chief of Intesa Sanpaolo's IMI CIB Division
The energy and infrastructure sectors are crucial for growth because they provide the basis for sustainable development, improve competitiveness and drive economic innovation in both countries. Spain has committed to becoming a circular and carbon-neutral economy by 2050 and both countries are among the largest markets for renewable energy sources in Europe.
Gregorio De Felice, Chief Economist of Intesa Sanpaolo, offered an overview of the infrastructure system in Italy and Spain, that need:
- large investments
- closer public-private collaboration
- greater cooperation between states
as both countries are at the bottom of the ranking of the most advanced economies in terms of quality and quantity of infrastructure.
The initiative confirms Intesa Sanpaolo's ongoing commitment to supporting the energy transition and encouraging investment in sustainable infrastructure, as set out in the 2022-2025 Business Plan presented by CEO Carlo Messina.
IMI CIB Division: one of the leading corporate and investment banks in the Spanish market
Present in Spain for more than 50 years, Intesa Sanpaolo has significant experience in working with Spanish and international companies wishing to invest in Spain.
The Madrid branch represents one of the main European branches, within the IMI CIB Division's extensive International Network, which spans 24 countries: it provides financial services and products to major Spanish multinationals, as well as Spanish subsidiaries of large Italian and international companies, including financial institutions, funds and investors.
The conference “The role of Spain and Italy for growth: innovation, sustainability and strategic infrastructure for a more competitive Europe” has been organised by Intesa Sanpaolo's IMI Corporate & Investment Banking Division and hosted by the Italian Embassy in the Spanish capital.
Among the participants: Giuseppe Buccino Grimaldi, Italian Ambassador to Madrid, Mauro Micillo, Chief of Intesa Sanpaolo's IMI Corporate & Investment Banking Division, Alejandra Kindelàn, Chairman of the Spanish Banking Association, and Juan Pontoni, General Manager Madrid Branch, IMI Corporate & Investment Banking Division.
The two roundtables:
- The first, dedicated to strategies and new business models in the energy sector and moderated by Pedro Linares, Professor of Industrial Engineering at Universidad Pontificia Comillas, Director of the BP Chair on Energy and Sustainability, was attended by: Steven Fernández, Global Head of Financial Markets and Corporate Development, Naturgy; Amalia Giannakikou, Head of Europe, Development & Investments, Masdar and Managing Director Masdar Europe; Mariangiola Mollicone, Head of Western Europe Renewables, Plenitude and Managing Director of ENI Plenitude Renewables Spain; Luc Steuns, Director of Strategy and Sustainability, CEPSA; and Luca Matrone, Head of Industry Energy, IMI Corporate & Investment Banking Division, Intesa Sanpaolo.
- The second, moderated by Carlo Secchi, Emeritus Professor, European Economic Policy Bocconi University, European Coordinator, Atlantic TEN-T Corridor, European Commission, was dedicated to the impact of the energy transition on the infrastructure sector and the role of network operators in fostering sustainable mobility was explored. Participants included Francisco José Aljaro Navarro, CEO Abertis; Stefania Belisario, Director Infrastructure, S&P Global Ratings; Antonio Llardén, Chairman Enagas; Erica Abisso, Head of ESG Advisory, IMI Corporate & Investment Banking Division, Intesa Sanpaolo; and Riccardo Dutto, Head of Industry Infrastructure, IMI Corporate & Investment Banking Division, Intesa Sanpaolo.
Last updated 27 September 2024 at 14:45:50
