INTESA SANPAOLO SUPPORTS THE GROWTH AND DEVELOPMENT OF ITALIAN EXHIBITION GROUP

The €33 million Sustainability Linked loan will improve the company's financial structure

Milan/Rimini, 18 December 2024 - Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, and Italian Exhibition Group S.p.A. ("IEG”), a leading Italian company in the organisation of international trade fair events and listed on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., communicate the signing of a €33 million Sustainability Linked loan.

The credit line, maturing in 2027, aims to refinance the existing debt guaranteed by SACE, subscribed during the COVID period, and will allow IEG to benefit from an improved financial structure and a reduction in the cost of debt. For Intesa Sanpaolo, the transaction was structured by the IMI Corporate & Investment Banking Division headed by Mauro Micillo. The loan is classified as a Sustainability Linked Loan and envisages a bonus mechanism on the interest margin upon the achievement of specific sustainability objectives in the area of decarbonisation and ESG incentives for employees, consistent with the commitments declared by IEG in the 2023-2028 Strategic Plan.

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Intesa Sanpaolo

Intesa Sanpaolo, with €422 billion in loans and €1.4 trillion in customer financial assets at the end of September 2024, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank's network of museums, the Gallerie d'Italia, hosts its owned artistic heritage and cultural projects of recognized value.  

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Media Relations

Intesa Sanpaolo

Corporate & Investment Banking and Governance Areas

stampa@intesasanpaolo.com

www.intesasanpaolo.com/it/news