Reference: 20190280
Release date: 11 February 2020

Promoter – Financial Intermediary

INVIVO GROUP

Location

Description

The proposed loan will finance Invivo's investments in research and development of new software technologies for an agribusiness digital market place aiming at supporting the digital transformation of French agricultural cooperatives, and the development of new functionalities to a farm management software solution.

Objectives

The purpose of this project is to improve and expand the promoter's digitalisation and web-based offering.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 38 million

Total cost (Approximate amount)

EUR 75 million

Environmental aspects

The implementation of IT systems is not covered by Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. In addition, the project 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.

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 - 20/12/2019

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

France Services