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Banking & Finance / 14 Nov 2016

Borenius advised Valmet Automotive in its EUR 20 million financing from the EIB

We advised Valmet Automotive Inc. in its EUR 20 million financing from the European Investment Bank (EIB).

The financing is part of the EIB’s InnovFin programme aimed at enhancing research and innovation activities. In this case, the financing is to be used for the development of new products – including rooftop systems for convertible cars – and manufacturing processes, also covering the costs for upgrading IT and supply chain management systems in support of the upgraded manufacturing processes.

Valmet Automotive Inc. is a leading automotive manufacturer and service provider in Europe employing over 2,000 professionals in Finland, Germany and Poland. The company’s references include manufacturing contracts for the Mercedes-Benz A-Class and the GLC SUV.

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