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    Reference: 20170870
    Release date: 3 July 2018

    Promoter – Financial Intermediary

    ZUMTOBEL GROUP AG

    Location

    Description

    The project concerns investments for research and development (R&D) of innovative and more efficient lighting solutions including new kinds of services. These activities will be carried out mostly in Austria.

    Objectives

    This project will help provide more intelligent, better-connected and energy-efficient lighting solutions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 181 million

    Environmental aspects

    The project activities do not fall under any of the annexes of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU; moreover they are expected to be carried out in existing facilities already authorised that will not change their scope due to the project. As such it is unlikely that the local environmental competent authorities have required an EIA for the project. However, the environmental details will be assessed during the appraisal.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. The Bank's services will verify further details during the project's due diligence.

    Status

    Signed - 3/09/2018

    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).

    Related tags

    Germany France United Kingdom Austria Industry