Release date: 23 May 2018
Promoter – Financial Intermediary
CIKAUTXO SCLocation
Description
The projects consists of the promoter's strategic investments in research, development and innovation (RDI), capital expenditure (capex) and working capital in the automotive and medical sectors.
Objectives
The entire EIB loan will be used by the promoter to finance its RDI and deployment investments supporting the implementation of the company's strategy. The investments are expected to support Cikautxo's competitiveness and growth.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 26 million
Total cost (Approximate amount)
EUR 60 million
Environmental aspects
The project concerns investments in research and development (R&D) and capital expenditures that are expected to be carried out in existing facilities in Europe already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be verified during the appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.
Status
Signed - 9/11/2018