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    Reference: 20180489
    Release date: 2 January 2019

    Promoter – Financial Intermediary

    FRANFINANCE SA

    Location

    Description

    The project consists of a framework loan dedicated to innovative leasing equipment in France intermediated by Société Générale's leasing affiliate FranFinance.

    Objectives

    The proposed project intends to support the access of private entities to Innovative High-Tech equipment and "green" equipment, i.e. enhancing renewable energy or energy efficiency via leasing contributing to the Bank's innovation and skill and its environment and climate change objective.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 280 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Some lease operations could be part of a wider project falling under the Environmental Impact Assessment (EIA) Directive. The Bank will contractually ensure that the borrower undertakes to transparently provide information thereto.

    Procurement

    The borrower (lessor, leasing company) 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. However, if after the project appraisal, the EIB were to conclude that final beneficiaries (promoters, lessees) are subject to EU public procurement legislation, then the Bank would require such promoters to ensure that contracts for the leased equipment have been tendered in accordance with the relevant applicable EU procurement legislation, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Under appraisal - 11/10/2018

    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

    France Credit lines