Release date: 31 March 2020
Promoter – Financial Intermediary
GESTAMP AUTOMOCION SA
Location
Description
The project comprises the Promoter's RDI investments in the period 2020-2024.
Objectives
The project will contribute to increasing the promoter's knowledge and know-how in technologies related to the manufacturing of metal automotive components.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 408 million
Environmental aspects
The project is expected to bring about environmental benefits as a result of the reduction of contribution of the promoter's products as regards weight and safety improvement of automotive vehicles.
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 - 18/05/2020
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).