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Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
Czechia : € 7,650,000
Sweden : € 32,300,000
Finland : € 45,050,000
Services : € 85,000,000
Signature date(s)
22/06/2017 : € 7,650,000
22/06/2017 : € 32,300,000
22/06/2017 : € 45,050,000
Link to source

Summary sheet

Release date
25 April 2017
Status
Reference
Signed | 30/06/2017
20160980
Project name
Promoter - financial intermediary
IT PLATFORM DEVELOPMENT
TIETO OYJ
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 85 million
EUR 180 million
Location
Sector(s)
Description
Objectives

Research, development and innovation (RDI) and infrastructure investments used for the development of new industry-specific solutions and to broaden offering in various sectors

The project will improve the company's competitiveness and result in new innovative products, solutions and applications for its customers.

Environmental aspects
Procurement

The major part of the investments will concern RDI activities likely to be within existing facilities. A further part refers to the extension of an existing data centre. Therefore, it is unlikely that the project will fall under Annex I or II of Directive 2011/92/EU, as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme, and in particular the data centre extension, will be assessed during the appraisal.

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 Bank's services will verify details during the project's due diligence.

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) - TIETO IT PLATFORM DEVELOPMENT
Publication Date
18 Jul 2017
Document language
Main Topic
Lending
Document Number
75365031
Document Focus
Environmental Information
Project Number
20160980
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - TIETO IT PLATFORM DEVELOPMENT
Publication Date
15 Dec 2020
Document language
Main Topic
Lending
Document Number
135077585
Document Focus
Environmental Information
Project Number
20160980
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

Photogallery

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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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