Release date: 6 May 2015
Promoter – Financial Intermediary
MAPEI SPALocation
Description
Financing of Mapei's research, development and innovation (RDI) activities in the areas of of adhesives and chemical products for building
Objectives
The project centres on three main areas: (i) product portfolio maintenance, (ii) development of new products and (iii) development of environmentally friendly products to anticipate the legislative requirements.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 45 million
Total cost (Approximate amount)
EUR 90 million
Environmental aspects
The project is expected to be carried out in already authorised research and development (R&D) facilities that will not change their scope due to the project. The need for an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU is therefore unlikely. The Bank’s services will review the environmental aspects of the project during the due diligence process.
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, thus not subject to EU rules on public procurement.
Status
Signed - 29/09/2015