Milione lands €80M EIB loan for Venice airport green overhaul
What's the deal? MilioneDealroom has a profile for this one. Try Dealroom → spa, the parent of Venice Marco Polo Airport operator SAVEDealroom has a profile for this one. Try Dealroom → spa, has secured €80 million in debt financing from the European Investment Bank (EIB). The agreement, signed in Rome, will fund electrification, digitalisation, and infrastructure upgrades to cut the airport's energy use and emissions.
Why now? The loan was baked into the financial architecture behind Milione's change of control. In February 2026, the company passed under the joint control of ArdianDealroom has a profile for this one. Try Dealroom → and Finint Infrastrutture sgr, following an agreement announced in October 2025.
What's the endgame? The funds support Milione's push toward net-zero by 2030, targeting energy efficiency, sustainability, and resilience at the airport. Construction is expected to create about 1,000 temporary jobs.
The EIB facility sits within a wider debt overhaul. Milione's €300 million bond — originally issued in December 2018 at a 2.47% coupon — was extended to December 20, 2028, and converted into a sustainability-linked bond, adding environmental targets and potential rate adjustments if they are missed. The restructuring also includes a new senior financing agreement of up to €947 million and a €780 million equity bridge facility.
By the numbers: The ownership deal valued Milione at an enterprise value of roughly €2.1 billion, based on equity worth €1 billion to €1.2 billion plus net financial debt of €924.1 million at the end of 2024. The company posted net revenues of €255 million and EBITDA of €128.5 million.
What could go wrong? The sustainability-linked bond ties Milione's borrowing costs to hitting environmental KPIs verified by an independent auditor. Missing those targets could raise interest costs.
The signal: The financing shows how airport operators are folding green mandates into their debt structures, with lenders like the EIB linking capital to measurable climate goals. For Milione, the loan follows fast on its ownership shakeup — a quick re-raise that keeps its net-zero timeline on track while its new backers settle in.
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