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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Germany : € 100,000,000
    Services : € 100,000,000
    Signature date(s)
    9/10/2009 : € 50,000,000
    4/10/2012 : € 50,000,000

    Summary sheet

    Release date
    17 September 2008
    Status
    Reference
    Signed | 09/10/2009
    20080074
    Project name
    Promoter - financial intermediary
    Otto European E-Commerce Platforms
    Otto GmbH & Co KG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million.
    EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    Development and implementation of bespoke e-commerce platforms within the EU-27 in the areas of business to business and business to customer activities for the Otto Group supporting supply, ordering and delivery processes.

    To develop bespoke e-commerce systems that will allow increased market access to more EU-consumers to a broader product spectrum.

    Environmental aspects
    Procurement

    The project does not include any construction works or industrial production and therefore does not constitute a project in the sense of the EIA Directive 97/11 or the national legislation concerning EIA procedures. In general, the promoter is committed to protection of the environment and the improvement of living and working conditions of people and runs several support programmes to develop the related awareness of suppliers and manufacturers in developing countries.

    The promoter is a private company not operating in the Utilities sector and is thus not covered by EU Directives on procurement. Procedures followed will be verified during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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