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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Finland : € 30,000,000
Industry : € 30,000,000
Signature date(s)
7/03/2017 : € 30,000,000
Link to source
Data sheet

Summary sheet

Release date
28 October 2016
Status
Reference
Signed | 07/03/2017
20160557
Project name
Promoter - financial intermediary
Food products
VALIO OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
EUR 68 million
Location
Sector(s)
Description
Objectives

Research, development and innovation (RDI) investments related to dairy and functional food products during the 2017-2020 period

The RDI investment aims to increase competitiveness through innovation in the food sector. In particular, the project will target healthier dairy products as well as more efficient technical solutions in terms of protecting the environment and consuming resources (e.g. fresh water and energy).

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. At appraisal, it will be determined if any of the activities to be carried out would require a change to existing environmental permits.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. The details will be verified during the project's due diligence.

Link to source
Summary sheet

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) - VALIO RDI
Publication Date
23 Dec 2016
Document language
Main Topic
Lending
Document Number
67703235
Document Focus
Environmental Information
Project Number
20160557
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - VALIO RDI
Publication Date
23 Dec 2022
Document language
Main Topic
Lending
Document Number
162805825
Document Focus
Environmental Information
Project Number
20160557
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.
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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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.

Zero tolerance against fraud and corruption

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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