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    Reference: 20170307
    Release date: 12 December 2017

    Promoter – Financial Intermediary

    SOCIETE INDUSTRIELLE ET FINANCIERE DE COURCELLES

    Location

    Description

    Financing the industrial investment plan, including RDI, of French mid-cap Groupe Sifcor over the period 2017-2020.

    Objectives

    The project activities are expected to support the group in its growth ambitions for the transportation sector, as well as to help maintain its competitiveness in the French and European markets.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 90 million

    Environmental aspects

    All project activities are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under Directive 2014/52/EU amending 2011/92/EU. 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 - 16/04/2018

    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

    France Industry