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    Signature(s)

    Amount
    € 116,000,000
    Countries
    Sector(s)
    Spain : € 116,000,000
    Services : € 116,000,000
    Signature date(s)
    9/12/2016 : € 116,000,000

    Summary sheet

    Release date
    25 July 2016
    Status
    Reference
    Signed | 14/12/2016
    20150748
    Project name
    Promoter - financial intermediary
    RETAIL DIGITAL TRANSFORMATION RDI
    EL CORTE INGLES SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 116 million
    EUR 232 million
    Location
    Sector(s)
    Description
    Objectives

    The project, to be mainly implemented in Madrid, Spain, with applications affecting all stores throughout the country, will support the promoter's goal of transforming its digital technologies and systems to become the basis for the multichannel sales platform, and to appropriately adapt and optimise the logistics supply chain that comes with it.

    The project will support a leading Spanish retail chain's efforts to safeguard its competitive position by investing in Research, Development and Innovation (RDI) and contributes to the targets of the Europe 2020 Strategy.

    Environmental aspects
    Procurement

    The IT development activities and investments 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 as per EIA directive 2011/92/EU.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    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) - EL CORTE INGLES DIGITAL TRANSFORMATION RDI
    Publication Date
    22 Nov 2016
    Document language
    Main Topic
    Lending
    Document Number
    67602927
    Document Focus
    Environmental Information
    Project Number
    20150748
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - EL CORTE INGLES DIGITAL TRANSFORMATION RDI
    Publication Date
    16 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    134911478
    Document Focus
    Environmental Information
    Project Number
    20150748
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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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.
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