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    Reference: 20180229
    Release date: 23 May 2018

    Promoter – Financial Intermediary

    CIKAUTXO SC

    Location

    Description

    The projects consists of the promoter's strategic investments in research, development and innovation (RDI), capital expenditure (capex) and working capital in the automotive and medical sectors.

    Objectives

    The entire EIB loan will be used by the promoter to finance its RDI and deployment investments supporting the implementation of the company's strategy. The investments are expected to support Cikautxo's competitiveness and growth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 26 million

    Total cost (Approximate amount)

    EUR 60 million

    Environmental aspects

    The project concerns investments in research and development (R&D) and capital expenditures that are expected to be carried out in existing facilities in Europe already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

    Procurement

    The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.

    Status

    Signed - 9/11/2018

    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

    Czech Republic Romania Slovakia Spain Industry