Release date: 28 October 2016
Promoter – Financial Intermediary
VALIO OYLocation
Description
Research, development and innovation (RDI) investments related to dairy and functional food products during the 2017-2020 period
Objectives
The RDI investment aims to increase competitiveness through innovation in the food sector. In particular, the project will target healthier dairy products as well as more efficient technical solutions in terms of protecting the environment and consuming resources (e.g. fresh water and energy).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 68 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. At appraisal, it will be determined if any of the activities to be carried out would require a change to existing environmental permits.
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. The details will be verified during the project's due diligence.
Status
Signed - 7/03/2017
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).