| Project Detail |
The Project involves an equity co-investment via Meridiam Co-Investment Infrastructure Eastern Europe SLP managed by Meridiam SAS ("Meridiam") to acquire an indirect minority equity stake in SOF Connect AD (the "Company"), a limited liability company established in Bulgaria for the purposes of operations and management of Sofia Airport on the basis of the Concession agreement with the Government. The investment is alongside Meridiam Infrastructure Europe III and Meridiam Infrastructure Eastern Europe III ("Meridiam Funds"), which are already indirect shareholders of the Company.
Project Objectives
The Banks financing would support expansion of the private sector participation in the infrastructure sector in Bulgaria. Meridiam is one of the few infrastructure funds actively pursuing investment opportunities in this region. Through this equity investment, the Bank will contribute to and support Meridiams ambition to make Sofia Airport a pilot for sustainability, leveraging the opportunity for capex and operational upgrade. The Banks investment may also have a demonstration impact and help to attract other infrastructure investment funds to the region. |
