Release date: 30 May 2016
Promoter – Financial Intermediary
ConfidentialLocation
Description
The project relates to research, development and innovation (RDI) investments used for the development of new content as well as content delivery platforms in Sweden. The outcome of the project will support the promoter's migration to a digital business model for areas such as books, magazines, broadcasting and news. The RDI activities will be carried out mainly in Sweden from 2016 to 2018.
Objectives
The project supports an European promoter in its efforts to foster its competitive position in high value added products by investing in RDI and therefore contributes to the targets of the Europe 2020 strategy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 253 million
Environmental aspects
The investments will concern RDI activities most likely within existing facilities. Therefore, it is unlikely that the project will fall under Annex I or II of Directive 2011/92/EU as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme will be assessed during the appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.
Status
Signed - 18/08/2016
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).