Release date: 18 January 2013
Promoter – Financial Intermediary
AMADEUS IT GROUP SALocation
Description
The project concerns the promoter’s research, development and innovation (RDI) activities for the development of new applications and solutions for the Global Distribution Systems business unit .
Objectives
The applications under development are essential for the aggregation of flight schedules to allow for the pricing, booking and fulfilment of tickets through travel agencies and various other online sales channels. The related RDI is carried out in Europe during 2013 to 2015, primarily in France.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 320 million
Environmental aspects
The investments will concern RDI activities most likely within existing facilities. Therefore, it is unlikely that the project will fall under Annex I and II of Directive 2011/92/EC. Nevertheless the environmental details including environmental objectives of the R&D programme and if needed, the CO2 footprint as well as the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC Directives) will be assessed during the appraisal.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 29/04/2013
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).