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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Tanzania : € 2,600,000
Russia : € 2,700,000
Brazil : € 3,000,000
Ukraine : € 3,000,000
Indonesia : € 3,400,000
Estonia : € 3,600,000
Poland : € 3,600,000
Romania : € 3,600,000
Finland : € 4,500,000
Signature date(s)
2/01/2013 : € 2,600,000
2/01/2013 : € 2,700,000
2/01/2013 : € 3,000,000
2/01/2013 : € 3,000,000
2/01/2013 : € 3,400,000
2/01/2013 : € 3,600,000
2/01/2013 : € 3,600,000
2/01/2013 : € 3,600,000
2/01/2013 : € 4,500,000
Link to source

Summary sheet

Release date
24 May 2012
Status
Reference
Signed | 02/01/2013
20110147
Project name
Promoter - financial intermediary
DASOS TIMBERLAND FUND II
Dasos Capital
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
EUR 300 million
Description
Objectives

Fund targeting forestry assets mainly in Europe

An Investment Fund targeting sustainable forestry and biomass investments mainly in Europe. The fund manager plans to complete six to ten investments. The fund aims to make a commercial return whilst contributing to climate change and other environmental objectives.

Environmental aspects
Procurement

The Fund is expected to invest taking a sustainable environmental management perspective and the social impacts will be duly analysed. In the EU, initial afforestation and reforestation for the purposes of conversion to another type of land use falls under Annex II of the EIA Directive 85/337/EEC amended by Directives 97/11/EC and 2003/35/EC. The decision of the Competent Authority whether to require an EIA on the basis of Annex III of the Directive will be assessed, as well as the possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives). The same approach and principles as contained in EU law will be applied outside EU. Details of the Fund’s environmental due diligence procedures wil be reviewed during appraisal, in particular its procedures for ensuring compliance with EU Environmental Directives (including EIA Directive, Habitats Directive and Birds Directive).

The Fund’s investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the Fund are in line with the provisions of the EU Procurment Directive. Details will be verified during appraisal.

Link to source
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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).

Documents

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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.
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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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