Release date: 4 April 2014
Promoter – Financial Intermediary
GN STORE NORD A/SLocation
Description
Financing GN Store Nord's research, development and innovation in the area of acoustic hearing devices
Objectives
The project relates to the promoter's ongoing expenditure in research, development and innovation (RDI) for the development of the next generation of acoustic hearing devices and fitting software and diagnostics equipment. The project, which is expected to lead to numerous patent applications, will be carried out in the promoter's research and development (R&D) centre in Denmark.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 158 million
Environmental aspects
The RDI activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. An environmental impact assessment (EIA) is therefore not needed according to EIA Directive 2011/92/EU.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU directives on procurement. Specialised equipment and services are being procured following international inquiries among the most qualified contractors and suppliers. These procedures are in the best interests of the project and acceptable for the Bank.
Status
Signed - 21/12/2015