Release date: 24 February 2016
Promoter – Financial Intermediary
BPI-GROUPELocation
Description
The project concerns participation in a fund backed by the French government via the Programme d'Investissement d'Avenir. The fund is managed by BPI France, which regroups Oséo, CDC Entreprises, the Fond Stratégique d'Investissement (FSI) and FSI Régions.
Objectives
The fund is earmarked to take minority positions in joint venture with private sector entities, mostly small and medium-sized enterprises (SMEs) and mid-caps in the manufacturing sectors, enabling them to industrialise new technologies, processes and products.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 650 million
Environmental aspects
It is likely that some or all of the investments in which the fund will participate form part of projects which fall under EU environmental legislation. The Bank will require the fund to comply with the Bank's standards.
Procurement
Investments by the fund will be limited to private entities not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.
Status
Signed - 29/07/2016
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).