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European Guarantee Fund accelerates access to recovery funding for EU companies

European Guarantee Fund accelerates access to recovery funding for EU companies Dettagli   The European Guarantee Fund (EGF), part of the €540 billion EU recovery package agreed in 2020, has approved funding amounting to almost half its target for 2021. After clearance under the EU state aid notification process in December 2020, the initiative has now approved EUR 11.7 billion in support of European businesses struggling with the economic fallout of the COVID-19 pandemic. This is almost half the fund’s target for 2021. The fund mobilises additional financing, and initiatives financed so far are expected to generate EUR 93.9 billion in funding for the EU economy. With €2.1 billion in financing also signed at the end of April, EGF funding is already reaching businesses across the European Union.

New Mirova co-investment vehicle participates in major renewable infrastructure project alongside Engie and Credit Agricole Assurances

New Mirova co-investment vehicle participates in major renewable infrastructure project alongside Engie and Credit Agricole Assurances Submitted 25/01/2021 - 10:09am Mirova, an affiliate of Natixis Investment Managers, has created a new co-investment vehicle, which has attracted existing investors in its current Energy Transition fund, Mirova Eurofideme 4 (MEF4), as well as new clients.  The vehicle was created specifically to participate, alongside Engie and Credit Agricole Assurances, in the acquisition of the second largest hydroelectric portfolio in Portugal from EDP.  The deal, valued at EUR2.2 billion, completed in late December.     Investors in the new co-investment vehicle include Banca March, Merseyside Pension Fund, Natixis Assurances, Groupama, EB Erneuerbare Energien Fonds Europa and LHI Group. MEF4, together with the MEF4 co-investment vehicle, own 25 per cent of the total consortium. Engie owns 40 per cent, while Crédit Agricole Assurances own 35 per cent. 

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