The EIB and the Instituto de Crédito Oficial (ICO) are set to finance the innovation investments of El Corte Inglés, with a view to accelerating its digital transformation. To this end, the EIB will provide a EUR 110m loan with Investment Plan for Europe support, and ICO will grant financing of EUR 100m. This is a ten-year agreement which reflects the two institutions’ confidence in the Spanish company. The contracts formalising this agreement were signed today in Madrid by EIB Vice-President Emma Navarro, ICO Chairman José Carlos García de Quevedo and El Corte Inglés CEO Víctor del Pozo.
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