Release date: 12 December 2017
Promoter – Financial Intermediary
SOCIETE INDUSTRIELLE ET FINANCIERE DE COURCELLESLocation
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)
- Industry - Manufacturing
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 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).