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SEVELNORD III

Signature(s)

Amount
€ 125,000,000
Countries
Sector(s)
France : € 125,000,000
Industry : € 125,000,000
Signature date(s)
17/10/2006 : € 125,000,000
Link to source
Data sheet
SEVELNORD III
Other links
Summary sheet
SEVELNORD III

Summary sheet

Release date
19 December 2005
Status
Reference
Signed | 17/10/2006
20050523
Project name
Promoter - financial intermediary
SEVELNORD III
SEVELNORD S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million.
Around EUR 400 million.
Location
Sector(s)
Description
Objectives

The project consists of the development and production of a new range of light utility vehicules.

The project will enable the modernisation of the production site of SEVELNORD, one of the main employers in this French region (an EU Objective 1 area).

Environmental aspects
Procurement

The project comes under Annex II to EU Directive 97/11/EC. The Bank will verify that the EIA procedures followed comply with EU and national legislation.

EU procurement rules do not apply to this private sector project.

Comments

Car manufacturing.

Link to source
Summary sheet
SEVELNORD III
Other links
Data sheet
SEVELNORD III

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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