Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20170104
    Release date: 12 April 2017

    Promoter – Financial Intermediary

    OLSA SPA

    Location

    Description

    The project concerns the promoter's investments in research, development and innovation (RDI) in the field of automotive lighting systems. It will also cover the capital expenditures for the modernisation and expansion of its production capacity in existing European production sites in the period 2016-2020.

    Objectives

    The project is expected to support the promoter's growth and the development of new products through RDI activities. Moreover, the capital investments target the expansion of the installed production capacity at the promoter's existing sites.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 35 million

    Total cost (Approximate amount)

    EUR 84 million

    Environmental aspects

    All the project's RDI activities are expected to be carried out in existing facilities that will not change their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Moreover the installation of new equipment is not expected to require any additional permits. Nevertheless, the Bank's services will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.

    Procurement

    The promoter has been assessed by the EIB as being a private company 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 - 20/07/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Poland Industry