COFIDES is participating in the sustainable syndicated financing granted to Grupo Movicar, a holding company that integrates leading companies in comprehensive logistics and mobility, such as ONTIME Corporate Union and ONRENT.
The group has closed this syndicated loan for €60 million —expandable up to €70 million— which will allow it to strengthen its long-term financial structure, drive its international expansion, undertake strategic investments, and renew its vehicle fleet to improve efficiency and customer service. All this forms part of the group’s 2025–2031 sustainable growth plan, with a strong focus on the integration of ESG criteria.
COFIDES’ financing, amounting to €15 million and charged to the Foreign Investment Fund (FIEX), will be allocated to international CAPEX investments.
The loan has been coordinated by the Wholesale Banking (C&IB) team of EBN Banco, acting as lead arranger and agent bank. In addition to COFIDES, the lenders include the Instituto de Crédito Oficial (ICO) and Caja Rural de Navarra.
COMMITMENT TO SUSTAINABILITY
In line with its ESG commitment, the loan incorporates a margin adjustment mechanism based on the fulfillment of several indicators, such as the reduction of greenhouse gas emissions, energy efficiency, optimized resource use, and the promotion of initiatives with social or environmental impact.
Miguel Ángel Ladero, Corporate Investment Director at COFIDES, stated that “this transaction reinforces our commitment to projects that integrate ESG criteria and contribute to the transition toward more efficient, responsible and internationally competitive business models.”
ABOUT COFIDES
COFIDES is a state-owned corporation that manages State financial funds, as well as its own resources and those of third-party institutions, with various objectives: supporting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting impact-driven economic activity in Spain, and contributing to the development of the countries in which it invests. In addition to the State —its majority shareholder— other shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.
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