EIB lends €25 mln to MAM Hungaria for R&D, expansion
The European Investment Bank (EIB) loaned €25 million to MAM Hungaria, the Hungarian unit of BAMED MAM Group, which develops and distributes baby care products, the EIB announced today, according to Hungarian news agency MTI.
“The EIB loan will support the companyʼs development of innovative infant and toddler accessories, with a particular focus on bringing improved and safer products to the market. It will support a major employer in Western Transdanubia in Hungary and back the companyʼs expansion plans, which are expected to result in significant job creation,” the EIB said.
The loan is the first transaction in Hungary supported by “InnovFin - EU Finance for Innovators”, a new generation of financial instruments backed by the European Union under Horizon 2020.
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