Release date: 6 May 2008
Promoter – Financial Intermediary
Landesbank Baden-Württemberg, StuttgartLocation
Description
Financing of projects undertaken by mid-cap companies along the lines envisaged in the Memorandum of Understanding signed between the European Commission and the Bank dated 13.06.2006.
Objectives
This mid-cap loan would be in line with EU Objectives; Articles 267 (a) and (c) as well as the Bank’s COP priority targets in addressing projects in fields such as cohesion and convergence, environmental sustainability, RDI and energy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework, to be acceptable in environmental terms to EIB and in line with EU environmental policy.
Procurement
Compliance with EU Directives and national legislation and guidelines is made a condition for each allocation under the mid-cap loan.
Status
Signed - 19/12/2008