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    Reference: 20180771
    Release date: 17 December 2019

    Promoter – Financial Intermediary

    DEMANT A/S

    Location

    Description

    The project will finance Demant's research, development and innovation (RDI) investments to develop next technology, advanced hearing equipment.

    Objectives

    The planned RDI expenditures are related to the development of the next generation of wireless acoustic hearing devices.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    DKK 1646 million (EUR 220 million)

    Total cost (Approximate amount)

    DKK 2037 million (EUR 273 million)

    Environmental aspects

    The RDI activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project An Environmental Impact Assessment is therefore not needed as per EIA Directive 2014/52/EU amending Directive 2011/92/EU.

    Procurement

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

    Status

    Signed - 9/12/2019

    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

    Denmark France Poland EU Countries Industry