Lu-Ve agrees €30m loan for growth

ITALY: The Italian bank Banco BPM has agreed a five-year medium-term loan of €30m to support the growth of the Lu-Ve Group.

A significant sum of €18m will be aimed at supporting the company’s development plans focused on new environmental, social, governance programmes. 

“Attention to sustainability has been one of Lu-Ve’s distinctive traits since its foundation. We continue to work in this direction, on a path of innovation and growth that interprets and respects the new environmental needs,” said Lu-Ve CEO Matteo Liberali. “We are delighted that Banco BPM has recognised our commitment to increasingly sustainable objectives, which have been and continue to be fundamental for the Group’s economic growth.”