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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Denmark : € 75,000,000
    Industry : € 75,000,000
    Signature date(s)
    21/12/2015 : € 75,000,000

    Summary sheet

    Release date
    4 April 2014
    Status
    Reference
    Signed | 21/12/2015
    20130603
    Project name
    Promoter - financial intermediary
    GN STORE NORD ACOUSTIC TECHNOLOGY RDI
    GN STORE NORD A/S
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    EUR 158 million
    Location
    Sector(s)
    Description
    Objectives

    Financing GN Store Nord's research, development and innovation in the area of acoustic hearing devices

    The project relates to the promoter's ongoing expenditure in research, development and innovation (RDI) for the development of the next generation of acoustic hearing devices and fitting software and diagnostics equipment. The project, which is expected to lead to numerous patent applications, will be carried out in the promoter's research and development (R&D) centre in Denmark.

    Environmental aspects
    Procurement

    The RDI activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. An environmental impact assessment (EIA) is therefore not needed according to EIA Directive 2011/92/EU.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU directives on procurement. Specialised equipment and services are being procured following international inquiries among the most qualified contractors and suppliers. These procedures are in the best interests of the project and acceptable for the Bank.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - GN STORE NORD ACOUSTIC TECHNOLOGY RDI
    Publication Date
    29 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64443975
    Document Focus
    Environmental Information
    Project Number
    20130603
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - GN STORE NORD ACOUSTIC TECHNOLOGY RDI
    Publication Date
    21 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    125141572
    Document Focus
    Environmental Information
    Project Number
    20130603
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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.
    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.

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    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.

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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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