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    Signature(s)

    Amount
    € 85,000,000
    Countries
    Sector(s)
    Czechia : € 7,650,000
    Sweden : € 32,300,000
    Finland : € 45,050,000
    Services : € 85,000,000
    Signature date(s)
    22/06/2017 : € 7,650,000
    22/06/2017 : € 32,300,000
    22/06/2017 : € 45,050,000

    Summary sheet

    Release date
    25 April 2017
    Status
    Reference
    Signed | 30/06/2017
    20160980
    Project name
    Promoter - financial intermediary
    IT PLATFORM DEVELOPMENT
    TIETO OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 85 million
    EUR 180 million
    Location
    Sector(s)
    Description
    Objectives

    Research, development and innovation (RDI) and infrastructure investments used for the development of new industry-specific solutions and to broaden offering in various sectors

    The project will improve the company's competitiveness and result in new innovative products, solutions and applications for its customers.

    Environmental aspects
    Procurement

    The major part of the investments will concern RDI activities likely to be within existing facilities. A further part refers to the extension of an existing data centre. Therefore, it is unlikely that the project will fall under Annex I or II of Directive 2011/92/EU, as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme, and in particular the data centre extension, will be assessed during the appraisal.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. The Bank's services will verify details during the project's due diligence.

    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) - TIETO IT PLATFORM DEVELOPMENT
    Publication Date
    18 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    75365031
    Document Focus
    Environmental Information
    Project Number
    20160980
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - TIETO IT PLATFORM DEVELOPMENT
    Publication Date
    15 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    135077585
    Document Focus
    Environmental Information
    Project Number
    20160980
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

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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.

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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