INTESA SANPAOLO LOAN TO GRIMALDI EUROMED FOR THE NEW ECO LIVORNO SHIP
- The credit line of about 37 million euro supports the sustainable, green renewal of the Grimaldi fleet
- The funding was dedicated to the purchase of the new Eco Livorno, a fifth generation eco-friendly hybrid ship
Milan, 8 March 2021 - Intesa Sanpaolo has finalised a loan of approximately 37 million euro to Grimaldi Euromed, a Grimaldi Group company that transports rolling stock in Europe and along the Motorways of the Sea and also handles passenger transport in the Mediterranean under the Grimaldi Lines brand.
The credit line was dedicated to the purchase of the Eco Livorno ship, a new addition to the Grimaldi fleet and the third of the twelve hybrid ships that are part of the innovative Grimaldi Green 5th Generation (GG5G) class. Thanks to their unique design, the GG5G ships are not only the world’s largest ro-ro short haul vessels, but also the most eco-friendly.
Numerous technological innovations that optimize consumption and performance of the ship have allowed the Eco Livorno to halve the CO2 emissions per unit transported. Moreover, it has zero emissions when docked at port as it uses the electricity stored during navigation.
The transaction was concluded by Intesa Sanpaolo’s IMI Corporate and Investment Banking Division, headed by Mauro Micillo. It confirms the Group’s support for Italy’s ESG transformation and the redesign of the industrial system along sustainable lines.
“The infrastructure and sustainable mobility sectors are central to the Italian economy. We are therefore particularly happy to have supported an excellent entity such as the Grimaldi Group, which has been pursuing a green development strategy for some time” - underlines Mauro Micillo, Chief of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division. “Today, more than ever, change and innovation along sustainable lines are crucial for economic growth that can generate a positive social and environmental impact. This is why we stand alongside national and international companies that intend to implement energy transition strategies and aim to improve their sustainability profile”.
“We appreciate the support Intesa Sanpaolo has extended to this new initiative of our Group as well. The creation of a new generation of ships, of which the Eco Livorno is a part, took years of research and design. The result is a ship that is unequalled in terms of reducing the carbon footprint per unit of cargo carried. We would like to thank the Bank for its interest in the environmental issues related to the initiative and, given this opportunity, also for its ongoing attentiveness to the needs of the Grimaldi Group’s Italian and foreign companies”, said Diego Pacella, Managing Director of Grimaldi Euromed S.p.A.
Media Relations, Corporate & Investment Banking and Governance Areas
Last updated 8 March 2021 at 15:50