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OUTDOOR EQUIPMENT AND TOOLING RDI RSFF

Signature(s)

Amount
€ 67,923,576.28
Countries
Sector(s)
Sweden : € 67,923,576.28
Industry : € 67,923,576.28
Signature date(s)
23/12/2008 : € 67,923,576.28

Summary sheet

Release date
12 November 2008
Status
Reference
Signed | 23/12/2008
20080164
Project name
Promoter - financial intermediary
Outdoor Equipment and Tooling RDI

Husqvarna AB (publ).

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan up to SEK 700 million. (EUR 70 million).
Approximately SEK 1 525 bn (EUR 152 million).
Location
Sector(s)
Description
Objectives

The project concerns the part-financing of Husqvarna’s annual R&D expenditures in the 2009-2011 period.

The project concerns investments in research, development and innovation related to forestry/garden/lawn and cutting equipment/diamond tools.

Environmental aspects
Procurement

The project concerns investments in research and development that will be carried out in existing facilities already authorised. An Environmental Impact Assessment (EIA) therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC. Overall, the project is expected to have a neutral impact on the environment. A large part of the program focuses on the development of products with lower fuel consumption and emissions. In addition, the expected results will bring about improvements in safety, noise and ergonomics with the direct inherent benefits to the final user.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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