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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
France : € 8,880,000
Germany : € 29,620,000
The Netherlands : € 161,500,000
Industry : € 200,000,000
Signature date(s)
22/02/2018 : € 8,880,000
22/02/2018 : € 29,620,000
22/02/2018 : € 161,500,000
Link to source

Summary sheet

Release date
4 June 2019
Status
Reference
Signed | 22/02/2018
20170471
Project name
Promoter - financial intermediary
PHILIPS MEDTECH R&D
KONINKLIJKE PHILIPS NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 404 million
Location
Sector(s)
Description
Objectives

The project consists of the financing of Philips' expenditure on research and development in the area of healthcare technology.

The project concerns the promoter's Research, Development and Innovation (RDI) activities related to an innovative portfolio of products in healthcare informatics, diagnosis and treatment and personal health.

Environmental aspects
Procurement

The project concerns investments in Research and Development (R&D) that are expected to be carried out in already authorised existing facilities, which would therefore not require an Environmental Impact Assessment (EIA) under Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement.

Link to source
Summary sheet
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) - PHILIPS MEDTECH R&D
Publication Date
15 Jun 2019
Document language
Main Topic
Lending
Document Number
94451708
Document Focus
Environmental Information
Project Number
20170471
Sector(s)
Regions
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - PHILIPS MEDTECH R&D
Publication Date
30 Dec 2020
Document language
Main Topic
Lending
Document Number
133436445
Document Focus
Environmental Information
Project Number
20170471
Sector(s)
Regions
Publicly available
Download now
Other links

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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