Release date: 11 August 2009
Promoter – Financial Intermediary
Leading supplier in automatic currency processing equipment, smart cards and security system solutions.Location
Description
The project concerns the promoter’s R&D activities in relation to its two key business lines: (i) bank note safety recognition processing and (ii) payment cards and related add-on services. More precisely it comprises the development of machine components for the recognition and processing of safety features in bank notes, secure personal payment solutions, safety features on smart cards for communication and content provision as well as for e-government solutions.
Objectives
The project will enhance R&D of new or improved products and services for secure payments, telecommunications and e-passport solutions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 80 million.
Total cost (Approximate amount)
EUR 160 million.
Environmental aspects
The project activities do not fall under Annexes I and II of the EU Directive 97/11/EC, as amended by Directives 97/11/EC and 2003/35/EC, and are therefore not subject to mandatory Environmental Impact Assessment. As the proposed invetments will take place mainly inside buildings already being used for similar activities, and concern mainly hardware and software research/development, no particular negative impact on the environment is expected. Full environmental details will nevertheless be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and birds 79/409/EEC Directives).
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 17/12/2009
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).