Deutsche Investitions- und Entwicklungsgesellschaft’s $50 Million Financing of Banco de Sabadell

Becker, Glynn, Muffly, Chassin & Hosinski LLP advised Deutsche Investitions- und Entwicklungsgesellschaft (DEG) on the deal.

Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a German Development Finance Institution, announced the $50 million financing of Banco de Sabadell, S.A. (Sabadell), a Mexican bank.

Sabadell will use the DEG loan to fund companies developing environmental sustainability projects in Mexico, including projects to improve energy efficiency, reduce greenhouse emissions, and sustainably manage water and waste. The loan is expected to increase economic growth and environmental tourism in Mexico. The transaction closed in February 2021. 

Andrea Marquez-Bottome (Picture) and Peter Hosinski led the Becker Glynn team, which also included associate Sarina Fritz.

 

 

Involved fees earner: Sarina Fritz – Becker, Glynn, Muffly, Chassin & Hosinski LLP; Peter Hosinski – Becker, Glynn, Muffly, Chassin & Hosinski LLP; Andrea Marquez-Bottome – Becker, Glynn, Muffly, Chassin & Hosinski LLP;

Law Firms: Becker, Glynn, Muffly, Chassin & Hosinski LLP;

Clients: Deutsche Investitions- und Entwicklungsgesellschaft mbH;

Author: Martina Bellini