Ellex in Estonia advised the European Investment Bank (EIB) on a EUR 25 million loan to the North Estonia Medical Centre
The European Investment Bank signed a 25 million loan agreement with the North Estonia Medical Centre which supports the construction of the new psychiatric clinic as well as the Y-building, where the oncology centre, haematology and pathology will start to operate.
The new facilities will enable the optimization of healthcare processes, the hospital reports. This is the second loan investment of the European Investment Bank to the North Estonia Medical Centre – in 2011, the construction of a new diagnostic and treatment building was financed.
Over the past five years, the European Investment Bank has allocated almost 835 million euros to Estonian projects, including to the technology, infrastructure and transport sectors.
Ellex team in Estonia assisted the European Investment Bank in matters of Estonian law in this transaction. The team included our Managing Partner Ants Nõmper, Partner Ermo Kosk, Counsel Rain Raa and Associate Kairi Kilgi.
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