Release date: 27 February 2018
Promoter – Financial Intermediary
FIVESLocation
Description
The project concerns the research, development and innovation of manufacturing process equipment and solutions dedicated to the various sectors served by the group, as well as the start-up of a new business activity in the area of advanced manufacturing.
Objectives
The project is expected to strengthen the competitive position of the promoter and support its innovation-driven growth through the further development of its proprietary technologies and sector-specific solutions and the penetration of new related areas of business.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 188 million
Environmental aspects
The investments include mainly the group's operating expenses for research and development, implemented in locations already authorised for the respective types of activities. The involved capital investments in machinery and equipment are expected to be limited, and their operation is not considered environmentally harmful. The related activities are not specifically listed in the Annexes I and II of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU and as such do not require a mandatory environmental impact assessment. The Bank will verify this in detail during the due diligence including any other potential environmental impacts of the project.
Procurement
The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions.
Status
Signed - 14/06/2018
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).