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    Reference: 20200210
    Release date: 17 August 2020

    Promoter – Financial Intermediary

    SARTORIUS AG

    Location

    Description

    The Promoter is a leader in developing innovative tools and technologies enabling its customers to cover key steps in drug development and production. The project concerns the promoter's research, development and investment (RDI) activities during the period 2020-2023.

    Objectives

    The project aims at strengthening the company's portfolio of products and services that enable pharmaceutical research, accelerate medical discovery and streamline drug production.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 504 million

    Environmental aspects

    The activities included in the project will not materially change current 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 EIA Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

    Procurement

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

    Status

    Signed - 23/07/2020

    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 Germany EU Countries Industry