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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Spain : € 100,000,000
Industry : € 100,000,000
Signature date(s)
6/05/2015 : € 15,000,000
16/04/2015 : € 15,000,000
25/07/2014 : € 20,000,000
27/01/2014 : € 50,000,000
Link to source

Summary sheet

Release date
10 May 2013
Status
Reference
Signed | 27/01/2014
20130110
Project name
Promoter - financial intermediary
GRUPO SIRO RDI & INVESTMENT PROGRAM
GALLETAS SIRO SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 278 million
Location
Sector(s)
Description
Objectives

Loan to finance the promoter's research, development and innovation (RDI) and energy efficiency investment programmes as well as the upgrade of the Group's manufacturing plants in Spain.

The proposed project comprises Group RDI activities, as well as energy and modernisation programmes and new production lines at ten sites in Castilla y León, two in Valencia, and two in Andalucía: all in Spain and all in convergence regions.

Environmental aspects
Procurement

Depending on their size and location, some sub-projects may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. The proposed investments are all on existing RDI or production sites and are of a limited scale. As such, they are unlikely to require an EIA. However, the impact of each sub-project and the cumulative impact on each site will reviewed at appraisal, and confirmation will be sought from the Competent Authority where appropriate.

The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.

Link to source
Other links

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

Environmental and Social Data Sheet (ESDS) - GRUPO SIRO RDI & INVESTMENT PROGRAM
Publication Date
11 Feb 2014
Document language
Main Topic
Lending
Document Number
49613269
Document Focus
Environmental Information
Project Number
20130110
Sector(s)
Regions
Countries
Publicly available
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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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