Release date: 10 May 2013
Promoter – Financial Intermediary
GALLETAS SIRO SALocation
Description
Loan to finance the promoter's research, development and innovation (RDI) and energy efficiency investment programmes as well as the upgrade of the Group's manufacturing plants in Spain.
Objectives
The proposed project comprises Group RDI activities, as well as energy and modernisation programmes and new production lines at ten sites in Castilla y León, two in Valencia, and two in Andalucía: all in Spain and all in convergence regions.
Comments
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 278 million
Environmental aspects
Depending on their size and location, some sub-projects may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. The proposed investments are all on existing RDI or production sites and are of a limited scale. As such, they are unlikely to require an EIA. However, the impact of each sub-project and the cumulative impact on each site will reviewed at appraisal, and confirmation will be sought from the Competent Authority where appropriate.
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 - 27/01/2014
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).