Release date: 17 September 2008
Promoter – Financial Intermediary
Otto GmbH & Co KGLocation
Description
Development and implementation of bespoke e-commerce platforms within the EU-27 in the areas of business to business and business to customer activities for the Otto Group supporting supply, ordering and delivery processes.
Objectives
To develop bespoke e-commerce systems that will allow increased market access to more EU-consumers to a broader product spectrum.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
The project does not include any construction works or industrial production and therefore does not constitute a project in the sense of the EIA Directive 97/11 or the national legislation concerning EIA procedures. In general, the promoter is committed to protection of the environment and the improvement of living and working conditions of people and runs several support programmes to develop the related awareness of suppliers and manufacturers in developing countries.
Procurement
The promoter is a private company not operating in the Utilities sector and is thus not covered by EU Directives on procurement. Procedures followed will be verified during appraisal.
Status
Signed - 9/10/2009
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).