SStibbe advises the European Investment Bank (EIB) on its investment in Allego

NL Law

Stibbe advised EIB on its investment of EUR 40 million in Allego, a provider and operator of electric vehicle (EV) charging infrastructure, active around Europe.

The financing of the EIB supports the upcoming investments in the extension of the normal, fast and high power charging infrastructure, installed and distributed over Allego’s countries of operation. Making EV charging stations more widely and easily available, will help fight climate change and air pollution.

EIB provides EUR 40 million as quasi equity in growth financing to Allego, a Dutch operator of charging stations for electric vehicles. The EIB loan benefits from the European Fund for Strategic Investments (EFSI), the central part of the Investment Plan for Europe, the Juncker Plan.