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Signature(s)

Amount
€ 175,000,000
Countries
Sector(s)
Hungary : € 9,000,000
Slovakia : € 10,000,000.01
Romania : € 14,399,999.99
Türkiye : € 19,000,000
Germany : € 25,200,000
Czechia : € 25,400,000.01
Spain : € 71,999,999.99
Industry : € 175,000,000
Signature date(s)
27/06/2011 : € 257,142.86
27/06/2011 : € 285,714.29
27/06/2011 : € 411,428.57
27/06/2011 : € 542,857.14
27/06/2011 : € 720,000
27/06/2011 : € 725,714.28
27/06/2011 : € 2,057,142.86
17/11/2011 : € 2,571,428.57
17/11/2011 : € 2,857,142.86
17/11/2011 : € 4,114,285.71
17/11/2011 : € 5,428,571.43
27/06/2011 : € 6,171,428.57
27/06/2011 : € 6,857,142.86
17/11/2011 : € 7,200,000
17/11/2011 : € 7,257,142.86
27/06/2011 : € 9,874,285.71
27/06/2011 : € 13,028,571.43
27/06/2011 : € 17,280,000
27/06/2011 : € 17,417,142.87
17/11/2011 : € 20,571,428.57
27/06/2011 : € 49,371,428.56
Link to source

Summary sheet

Release date
10 November 2010
Status
Reference
Signed | 27/06/2011
20100432
Project name
Promoter - financial intermediary
Gestamp Group RDI and Convergence

Corporación Gestamp S.L.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 175 million.
EUR 360 million.
Description
Objectives

The project consists of two parts: (a) Investments in Research, Development and Innovation (RDI) in the field of metal stamping (hot/cold), hydroforming, welding and roll forming for automotive applications. The project’s RDI activities are located in Spain and Germany. (b) Investments in technology implementation in production plants in the Czech Republic, Hungary, Romania and Slovakia and Turkey.

The project’s activities aim at further improving the fuel efficiency and safety of vehicles. In addition, the project comprises investments for enhanced productivity and energy efficiency in the promoter’s production plants.

Environmental aspects
Procurement

The innovation and product development – related part of the project concerns activities that will be carried out in existing facilities already authorised. An EIA is therefore not required by EIA Directive 85/337/EC, amended by Directive 97/11/EC and 2003/35/EC. The capital expenditures comprised by the project in the Convergence Regions will cover activities that are not expected to have a negative impact on the environment. However, the Bank’s services will verify the details and whether an EIA is required during the project’s due diligence.

The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects.

Link to source

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).

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Alternatively, the EIB can be contacted through its external offices.
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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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