Release date: 19 July 2017
Promoter – Financial Intermediary
Science4you, S.A.Location
Description
Science4you S.A. is a fast-growing Portuguese company which develops, produces and commercialises educational toys. The project includes the company's investment programme in its e-commerce strategy, network development, capital equipment, working capital and product development activities.
Objectives
The project is expected to contribute to the promoter's international expansion through the development of new sales channels, increasing efficiency and enhancing its portfolio of products and clients. The proposed financing would also contribute to supporting and creating jobs in Europe.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 10 million
Total cost (Approximate amount)
EUR 20 million
Environmental aspects
All project activities are expected to be carried out in existing facilities without changing the already authorised scope and would, therefore, not require an environmental impact assessment (EIA) under Directive 2011/92/EU, as amended. 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 - 6/11/2017
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).