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    Signature(s)

    Amount
    € 35,000,000
    Countries
    Sector(s)
    Spain : € 35,000,000
    Services : € 35,000,000
    Signature date(s)
    13/07/2018 : € 35,000,000

    Summary sheet

    Release date
    16 February 2018
    Status
    Reference
    Signed | 13/07/2018
    20170347
    Project name
    Promoter - financial intermediary
    ILUNION SOCIAL COMPANY INVESTMENTS
    GRUPO ILUNION SL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 76 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the financing of energy efficiency upgrades to industrial laundries operated by the borrower, hotel renovations and the construction of a new hotel in convergence regions, as well as research and development activities on the business intelligence services and accessibility equipment for people with disabilities.

    The project will improve the access to facilities for people with disabilities. In addition, by improving the energy efficiency of the borrower's operations and by investing in the convergence regions of Spain, the project will contribute to the implementation of EU policy goals.

    Environmental aspects
    Procurement

    All schemes considered under this project are operations in the tourism or the industrial laundry sectors. The proposed investments may fall under Annex I or II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), requiring a full EIA screening by the competent national authority on the basis of Annex III. If a specific investment is subject to an EIA, the promoter will be required to provide the Bank with a copy of the non-technical summary (NTS) of the EIA, or provide a website link to the location where the document is published in compliance with the EIB's Public Disclosure Policy. The promoter will confirm that the project incorporates all mitigating measures recommended as a result of the EIA. Where relevant, the promoter shall obtain written confirmation from the competent authority that the investment will not have any significant negative impacts on sites of nature conservation importance, including sites protected under the "Habitats" and "Birds" Directives (92/43/EEC and 2009/147/EC respectively) and the associated Natura 2000 network.

    The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is, after all, subject to EU public procurement legislation, the Bank will ensure that the relevant EU procurement directives are followed by the promoter.

    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) - ILUNION SOCIAL COMPANY INVESTMENTS
    Publication Date
    18 Jul 2018
    Document language
    Main Topic
    Lending
    Document Number
    83372293
    Document Focus
    Environmental Information
    Project Number
    20170347
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - ILUNION SOCIAL COMPANY INVESTMENTS
    Publication Date
    10 Apr 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    84697102
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170347
    Last update
    10 Apr 2019
    Sector(s)
    Services
    Countries
    Spain
    Publicly available
    Download now

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    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.

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    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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