Financing for Marcegaglia’s Fos-sur-Mer project

The IMI Corporate & Investment Banking Division of Intesa Sanpaolo participated, alongside a pool of banks, in two sustainability-linked loans with a total value of EUR800M granted to Marcegaglia Steel S.p.A., the Group’s industrial holding company.

Linked to specific ESG targets, the credit facilities are intended to support the Fos-sur-Mer project, where Marcegaglia is implementing the Group’s largest-ever industrial investment. The project will be one of the first electrified steel production sites in Europe and will help promote a more efficient and sustainable steel supply chain, in line with the sector’s decarbonisation targets.

The IMI CIB Division, together with other participating banks, acted as Global and ECAs Coordinator, Bookrunner, Initial Mandated Lead Arranger, Sustainability Coordinator, Hedging Coordinator and Agent.

Intesa Sanpaolo, led by CEO Carlo Messina, thus reaffirms its role as a strategic partner for companies pursuing growth and sustainable transformation projects, supporting them with financing solutions that promote high-value industrial investments while contributing to the competitiveness of Europe’s manufacturing sector.