French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments.
The financing is structured over two contracts, including a €190 million loan with a guarantee under the InvestEU program, which backs innovation, sustainability and competitiveness in strategic sectors of the EU economy, while the second, €60 million loan comprises the remainder of the financing.