Financing of EUR 101 million to Lucart to support investments in circular economy

Intesa Sanpaolo, IMI Corporate & Investment Banking Division, is part of the pool financing that have granted a EUR 101.4 million loan to Lucart, a multinational group that promotes the production of paper in a sustainable way, known for Tenderly and Lucart Professional brands.

The 6 years financing, supported by a SACE Guarantee, is divided into four loans, two of which are Sustainability-Linked thanks to the introduction of sustainability targets defined with the two Sustainability Coordinators, Intesa Sanpaolo and UniCredit. The sustainability targets set are metrics relevant to Lucart and its sector, also considering the NRRP, such as the reduction of water consumption and waste recovery. In particular, the financing aims to support and give continuity to investments in favor of the circular economy and the implementation, in the production chain, of plants and machinery with greater efficiency in water and energy resources.

UniCredit, BNL BNP Paribas, Banco BPM, BPER Banca, Crédit Agricole Italia and MPS Capital Services participated in the operation.

For further details please read the Press Release.