Subject: FNC
Essity signs EUR 300m loan agreement with the European Investment Bank
STOCKHOLM, Dec. 10, 2021 /PRNewswire/ -- Hygiene and health company Essity has secured a EUR 300m loan at favorable terms with the European Investment Bank (EIB) as part of financing Essity's research, development, and innovation process.
The EUR 300m will support Essity's product innovation and sustainability investments across all business areas and product segments until 2024. The loan has a tenor of 7 years.
"We are pleased with the support from EIB for our comprehensive innovation process. Essity's focus is to increase wellbeing for people everywhere as we continue our journey to reach net-zero greenhouse gas emissions by 2050," says Magnus Groth, President & CEO of Essity.
At the Capital Markets Day in November 2021, Essity presented its roadmap to Net Zero where breakthrough technologies and innovation play a key role. Essity has set a target that more than 50 percent of the innovations shall yield social and/or environmental improvements.
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 733 13 30 55, [email protected]
Johan Karlsson, Vice President Investor Relations, +46 705 11 15 81, [email protected]
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Essity signs EUR 300m loan agreement with the European Investment Bank | |
Essity products |
SOURCE Essity
These press releases may also interest you
|
News published on and distributed by:
