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    Reference: 20180606
    Release date: 5 September 2019

    Promoter – Financial Intermediary

    ACAST AB

    Location

    Description

    The project will support acast's research, development and innovation (RDI) activities, aimed at the development of new products features to the current range as well as creation of more innovative ones. The investment plan will also include costs related to its international expansion.

    Objectives

    The project objective is to support an European company and strengthen its competitive position.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 53 million

    Environmental aspects

    The RDI activities included in the project would concern mainly software development and are expected to be carried out in existing facilities, so no particular negative impact on the environment is expected. An Environmental Impact Assessment (EIA) is therefore not needed as per EIA Directive 2014/52/EU amending Directive 2011/92/EU. The full environmental details will however be investigated by the Bank's services during the project due diligence.

    Procurement

    acast has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

    Status

    Signed - 9/07/2019

    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

    Sweden Services