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Albioma Le Moule raises EUR 115 million

Albioma Le Moule, a subsidiary of France-headed independent energy provider Albioma SA has announced that it has successfully raised long-term bank financing (13 years) of EUR 115 million under "excellent conditions" with a pool of credit institutions led by the BNP Paribas group.

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Albioma Le Moule, a subsidiary of France-headed independent energy provider Albioma SA has announced that it has successfully raised long-term bank financing (13 years) of EUR 115 million under “excellent conditions” with a pool of credit institutions led by the BNP Paribas group.

The Albioma subsidiary which operates one of the Group’s two thermal power plants in Guadeloupe will thereby refinance its existing debt by the end of the year and will be able to ensure financing of its IED investments – EUR 85 million over the 2018-2019 period – without using its own equity.

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