Reference: 20190338
Release date: 29 August 2019

Promoter – Financial Intermediary

EURALIS COOP

Location

Description

The project will finance the promoter's research, development and innovation (RDI) activities related to the creation, registration, production and commercialization of new field crop seed varieties for their use in agriculture.

Objectives

An EIB financing would accelerate the RDI efforts conducted by the promoter.

Sector(s)

  • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles

Proposed EIB finance (Approximate amount)

EUR 44 million

Total cost (Approximate amount)

EUR 89 million

Environmental aspects

RDI activities and capital expenditure investments will be carried out at the promoter's research centres in the EU, predominantly in France. The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. Environmental studies or appropriate assessments will be carried out as applicable and mitigating and/or compensation measures applied as necessary.

Procurement

The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to the EU public procurement legislation Directive 2014/24/EU, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Approved - 29/01/2020

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