Release date: 22 March 2011
Promoter – Financial Intermediary
Assa Abloy AB (publ)
Location
Description
The project concerns investments in research, development and innovation activities related to door opening solutions, door automation, identification and access control systems.
Objectives
The project aims at the improvement of security, safety and convenience characteristics of the promoter’s products and services.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 110 million
Total cost (Approximate amount)
EUR 230 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised, and an EIA is therefore not required by the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the project is expected to have a neutral impact on the environment. The Bank’s services will verify details and especially the ones related to the location of the R&D facilities during the project’s due diligence.
Procurement
The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects, however the Bank’s services will review the relevant details during the project’s due diligence.
Status
Signed - 7/11/2011