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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
Link to source

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.

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).

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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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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