Release date: 11 March 2008
Promoter – Financial Intermediary
Grundfos Management A/S
Location
Description
The project concerns the promoter’s research, technology and product development activities with a view to develop a broader pump functionality and product portfolio. The project will be implemented in the period 2008-2010.
Objectives
The project should strengthen the market position of a medium-sized EU-based niche player, operating in the segmented global market for energy-efficient, and environmentally friendly pumps and pump systems.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 81 million
Total cost (Approximate amount)
EUR 228 million
Environmental aspects
The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during the project’s due diligence.
Status
Signed - 6/03/2009
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).