A year after raising €450 million in its IPO and completing €920 million in funding, OVHCloud benefits from a €200 million loan from the European Investment Bank (EIB). Michel Paulin, CEO of OVHCloud, wants to see “a guarantee of confidence in the solidity of the group“and”a strong signal from Europe in its ability to strengthen the strategic autonomy of the twenty-seven“.
“The EIB is extremely sensitive to what affects two points: the creation of European champions and sovereignty.“, – emphasizes the vice-president of the EBRD, Ambroise Fayol. Of course, the French group created by Octave Klaba “is still small compared to the Americans, but is the European champion in its category“. In addition, Europe wants to acquire players that can offer sovereign and independent cloud solutions. “We have created foundations that will allow us to compete with the Americans, even if they have more financial opportunities
Source: Le Figaro
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