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    Signature(s)

    Amount
    € 220,674,592.12
    Countries
    Sector(s)
    France : € 15,447,221.45
    Poland : € 22,067,459.22
    EU Countries : € 24,274,205.13
    Denmark : € 158,885,706.32
    Industry : € 220,674,592.12
    Signature date(s)
    4/12/2020 : € 7,016,082.44
    9/12/2019 : € 8,431,139.01
    4/12/2020 : € 10,022,974.92
    4/12/2020 : € 11,025,272.41
    9/12/2019 : € 12,044,484.3
    9/12/2019 : € 13,248,932.72
    4/12/2020 : € 72,165,419.39
    9/12/2019 : € 86,720,286.93

    Summary sheet

    Release date
    17 December 2019
    Status
    Reference
    Signed | 09/12/2019
    20180771
    Project name
    Promoter - financial intermediary
    DEMANT - ADVANCED TECHNOLOGY HEARING AIDS RDI
    DEMANT A/S
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    DKK 1646 million (EUR 220 million)
    DKK 2037 million (EUR 273 million)
    Location
    Sector(s)
    Description
    Objectives

    The project will finance Demant's research, development and innovation (RDI) investments to develop next technology, advanced hearing equipment.

    The planned RDI expenditures are related to the development of the next generation of wireless acoustic hearing devices.

    Environmental aspects
    Procurement

    The RDI activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project An Environmental Impact Assessment is therefore not needed as per EIA Directive 2014/52/EU amending Directive 2011/92/EU.

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

    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) - DEMANT - ADVANCED TECHNOLOGY HEARING AIDS RDI
    Publication Date
    24 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    121764108
    Document Focus
    Environmental Information
    Project Number
    20180771
    Sector(s)
    Regions
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - DEMANT - ADVANCED TECHNOLOGY HEARING AIDS RDI
    Publication Date
    20 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    162483153
    Document Focus
    Environmental Information
    Project Number
    20180771
    Sector(s)
    Regions
    Publicly available
    Download now

    News & Stories

    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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