Release date: 19 July 2018
Promoter – Financial Intermediary
GEA GROUP AG
The project concerns RDI activities for the development of products, solutions and processes used in dairy farming and processing, food, beverages, pharma, chemical, utilities and marine applications.
Overriding objective of the project includes the development of intelligent engineering processes for resource-economical technologies and energy-saving machines and processes.
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 315 million
The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already authorized scope and would therefore not require an EIA under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, the Bank's services will review during the project appraisal all the project-related environmental details
The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.
Signed - 9/07/2018
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).