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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    EU Countries : € 150,000,000
    Services : € 150,000,000
    Signature date(s)
    30/11/2020 : € 50,000,000
    1/03/2021 : € 100,000,000

    Summary sheet

    Release date
    3 April 2020
    Status
    Reference
    Signed | 30/11/2020
    20200109
    Project name
    Promoter - financial intermediary
    ARTIFICIAL INTELLIGENCE EIB-EIF CO-INVESTMENT
    SPECIAL PURPOSE ENTITY(IES)/FUND
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 1200 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns an artificial intelligence focused portfolio of EIB co-investments alongside EIF-supported funds.

    The objective is to build a portfolio of EIB co-investments alongside EIF-supported companies that are active in the Artificial Intelligence sector.

    Environmental aspects
    Procurement

    In line with the EIB's policy to ensure that the investments carried out by the co-investment facility comply with the EU acquis in the field of environment, the EIB will require the commercial fund managers to take all the requisite measures to ensure that the environmental procedures carried out by the final beneficiaries in which the co-investment facility invests comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.

    The final beneficiaries in which the co-investment facility will invest will be private companies not being subject to EU rules on public procurement and concessions. However, if after the appraisal, the EIF were to conclude that the final beneficiaries are after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU where applicable), then the Bank will require the EIF to ensure that commercial fund managers take all the requisite measures to ensure that contracts for the implementation of the projects carried out by final beneficiaries will be tendered in accordance with the relevant applicable EU procurement legislation (i.e. Directive 2014/24/EU and Directive 89/665/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    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) - ARTIFICIAL INTELLIGENCE EIB-EIF CO-INVESTMENT
    Publication Date
    30 Jun 2020
    Document language
    Main Topic
    Lending
    Document Number
    129316403
    Document Focus
    Environmental Information
    Project Number
    20200109
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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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    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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