Release date: 9 December 2011
Promoter – Financial Intermediary
SAP AG
Location
Description
The project concerns the promoter’s R&D activities for its further development of on demand software applications.
Objectives
The project is supposed to support the European software development industry in retaining its global market leadership. The project involves latest technologies and substantial R&D to provide competitive software applications for the related target markets. Further more the promoter is cooperating with European partners in European R&D initiatives, such as the FP7.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 240 million
Total cost (Approximate amount)
Up to EUR 480 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 Assessments. As the proposed investments will take place mainly inside buildings already being used for similar activities, and concern to a large extent software research/development, no particular negative impact on the environment is expected.
Procurement
The promoter is a private company and is thus not covered by EU Directives on procurement. R&D is an atypical case in which purchasing of goods/services is very limited and might be even for reasons of prototyping or exclusivity concerns subject to further limitations. Nevertheless, specialised equipment and services should be procured following international enquiries among the most qualified contractors and suppliers. This procedure will be checked during appraisal.
Status
Signed - 16/12/2011
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).