(Alliance News) - Intesa Sanpaolo Spa announced on Monday that, through its IMI Corporate & Investment Banking Division, it has completed two new financings in the UK energy infrastructure sector for a total amount of approximately EUR500 million, equivalent to GBP400 million, further solidifying its role as a strategic partner in the country's development.
The transactions include a facility of around EUR290 million, equivalent to GBP250 million, in favor of National Grid, and a facility of about EUR170 million, or GBP150 million, for National Gas. Both companies play a central role in the UK's energy security, with National Grid operating in electricity transmission and National Gas managing the national gas network.
This initiative is part of a long-term strategy that sees Intesa Sanpaolo committed to supporting UK infrastructure, from the energy transition to construction and ports. In recent years, the bank has carried out operations involving groups such as Balfour Beatty, Kier Group, Morgan Sindall, Associated British Ports, and Peel Ports Group, as well as the Liverpool Bay CO2 Transportation & Storage project worth around EUR2.9 billion.
Intesa Sanpaolo shares are up 1.0% at EUR5.847 per share.
By Antonio Di Giorgio, Alliance News reporter
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