Release date: 5 September 2019
Promoter – Financial Intermediary
ACAST ABLocation
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)
- Services - Information and communication
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 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).