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07 Feb
21:30

Umicore, EIB close €350m loan to support European innovation

Belgium advanced materials company Umicore has finalised a €350 million ($377m) loan with the European Investment Bank (EIB) to fund its European-focused research on EV batteries. The eight-year maturity loan is part of the EU bank’s pledge to commit an additional €45 billion in financing to boost European manufacturing in net-zero technologies. The EIB granted over €1.6 billion in financing to battery-related projects last year, Kallanish un…
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