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Signature(s)

Amount
€ 25,000,000
Countries
Sector(s)
Sweden : € 25,000,000
Services : € 25,000,000
Signature date(s)
9/07/2019 : € 12,500,000
9/07/2019 : € 12,500,000
Link to source
Data sheet

Summary sheet

Release date
5 September 2019
Status
Reference
Signed | 09/07/2019
20180606
Project name
Promoter - financial intermediary
ACAST (EGFF)
ACAST AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million
EUR 53 million
Location
Sector(s)
Description
Objectives

The project will support acast's research, development and innovation (RDI) activities, aimed at the development of new products features to the current range as well as creation of more innovative ones. The investment plan will also include costs related to its international expansion.

The project objective is to support an European company and strengthen its competitive position.

Environmental aspects
Procurement

The RDI activities included in the project would concern mainly software development and are expected to be carried out in existing facilities, so no particular negative impact on the environment is expected. An Environmental Impact Assessment (EIA) is therefore not needed as per EIA Directive 2014/52/EU amending Directive 2011/92/EU. The full environmental details will however be investigated by the Bank's services during the project due diligence.

acast has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

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).

scoreboard - EUROPEAN GROWTH FINANCE FACILITY
Publication Date
13 Sep 2019
Document Language
English
Main Topic
lending
Document Number
122912044
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180667
Last update
19 Aug 2020
Sector(s)
Services
Countries
Bulgaria, Kenya, Ghana, Mexico, Philippines
Publicly available
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Link to source

News & Stories

Other links
Data sheet
Summary sheet

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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