April 3, 2019 / 1:51 PM / 2 months ago

EIB to provide financing for sustainable production at Atlas Copco

FILE PHOTO: A Atlas Copco company logo is pictured at the "Bauma" Trade Fair for Construction, Building Material and Mining Machines and Construction Vehicles and Equipment in Munich, southern Germany, April 11, 2016. REUTERS/Michael Dalder/File Photo

STOCKHOLM (Reuters) - The European Investment Bank said on Wednesday it had signed the first tranche of a 300 million euro (255.98 million pounds) loan to support research and development at Swedish compressor firm Atlas Copco between 2019 and 2022.

“Financing is intended to develop sustainable productivity solutions for its compressor, vacuum and industrial business areas, located in various EU countries,” the EIB said in a statement.

Reporting by Simon Johnson

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