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    Reference: 20200577
    Release date: 23 November 2020

    Promoter – Financial Intermediary

    GRUPO FERRER INTERNACIONAL SA

    Location

    Description

    The project covers the Promoter's research and development (R&D) activities in a number of well-defined therapeutic areas.

    Objectives

    The EIB loan will be used to finance R&D and deployment investments supporting the implementation of the company's strategy. The investments are expected to support the Promoter's competitiveness and growth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 104 million

    Environmental aspects

    The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under 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 operating in the utilities sector and not having a status of a contracting entity, and is thus not subject to EU rules on public procurement.

    Status

    Signed - 11/12/2020

    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

    Spain Industry