Our Deals team contributed to the launch of Šiaulių Bankas SB Modernisation Fund by providing financial modelling services for cash flow projection, return on investment and other relevant indicators of the EUR 275 million worth fund.
SB Modernisation Fund attracted financing from the European Investment Bank, the Council of Europe Development Bank, Nordic Investment Bank, Swedbank, and INVL pension funds. It is planned that the funds will be used to renovate 600 old multi-apartment buildings, thereby improving the living conditions for 16,000 households. It is expected that the project will save 200 gigawatt-hours (GWh) of heat energy and reduce around 50,000 tons of CO2 emissions annually.
PwC Deals team consisted of Rokas Žemaitis, Petras Misiūnas, and Povilas Vendelis.
For more details about the project, visit Šiaulių Bankas website.
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