Cimco Marine AB (publ) enters into MEUR 14 credit facility agreement with the European Investment Bank
· The European Investment Bank (the “EIB”) makes available a credit facility of up to EUR 14 million to Cimco Marine AB (publ) (“Cimco”) for further development of low-emission, fuel-efficient diesel outboard engine to replace highly polluting petrol engines · Project supported under European Fund for Strategic Investments, part of the Juncker PlanCimco has today signed an up to EUR 14 million unsecured credit facility agreement with the EIB, to finance up to 50 percent of Cimco’s development of a new family of diesel outboard engines, inter alia a 3 litre, 6- cylinder twin turbo BMW