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Signature(s)

Amount
€ 350,000,000
Countries
Sector(s)
Belgium : € 350,000,000
Industry : € 350,000,000
Signature date(s)
22/07/2008 : € 350,000,000
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Summary sheet

Release date
7 February 2007
Status
Reference
Signed | 22/07/2008
20060220
Project name
Promoter - financial intermediary
Financing of Pharmaceuticals RDI
The promoter is a leading international company headquartered in Belgium and specialised in chemicals, plastics and pharmaceuticals.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million.
EUR 1000 million.
Location
Sector(s)
Description
Objectives

The project encompasses the promoter’s R&D related activities and investments in the pharmaceuticals sector over a period of up to 3 years.

The project will support the promoter’s activities aiming at bringing a number of promising medicinal products currently in its pipeline through the pre-clinical and clinical development phases. As such the project will underpin the diversification of the promoter’s business.

Environmental aspects
Procurement

R&D activities will be carried out in the existing facilities, making use of the existing laboratories and pilot plants and an EIA, therefore, is not explicitly required by EU Directive 97/11. The environmental procedures of the promoter will be assessed during appraisal.

The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement. The appraisal will confirm if the procedure is in the best interest of the project and satisfies the EIB’s procurement policy in terms of non-discrimination of suppliers and promotion of international competition.

Comments

Manufacture of basic pharmaceutical products.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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