Release date: 24 March 2015
Promoter – Financial Intermediary
WILLIAM DEMANT HOLDING A/SLocation
Description
Financing of William Demant A/S's research, development and innovation (RDI) into hearing equipment.
Objectives
The project comprises a selection of its planned expenditures in RDI for the development of the next generation of wireless acoustic hearing devices.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 110 million
Total cost (Approximate amount)
EUR 222 million
Environmental aspects
The RDI activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. An environmental impact assessment (EIA) is therefore not needed according to Directive 2011/92/EU. The full environmental details will however be investigated by the Bank’s services during the project due diligence.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the directives on procurement.
Status
Signed - 29/05/2015