Release date: 14 October 2019
Promoter – Financial Intermediary
OTTOBOCK SE UND CO KGAALocation
Description
The project concerns the European-based part of the promoter's corporate RDI programme for the period 2019-2022 related to various new products and product improvements.
Objectives
The RDI activities focus particularly on innovative solutions in prosthetics, orthotics and seating options that can help people regain or maintain their mobility.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 229 million
Environmental aspects
The activities included in the project will not materially change current RDI practice and will be carried out within existing facilities already authorised for the same purpose and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the Directive 2011/92/EC. Full environmental details will be verified during the appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement.
Status
Signed - 30/10/2019
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).