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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Sweden : € 400,000,000
Industry : € 400,000,000
Signature date(s)
23/02/2010 : € 400,000,000
Link to source

Summary sheet

Release date
21 August 2009
Status
Reference
Signed | 23/02/2010
20090300
Project name
Promoter - financial intermediary
Saab Automobile Ecopower & Safety R&D
Saab Automobile AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan up to EUR 400 million.
Approximately EUR 900 million.
Location
Sector(s)
Description
Objectives

The project concerns the part-financing of Saab Automobile’s expenditures for selected R&D projects in the 2009-2012 period.

The project concerns RDI activities related to the improvement of fuel efficiency and safety of the Saab Automobile’s future car fleet. The project includes also the capital expenditures associated with the new tooling and upgrading of existing facilities for the production of the above developments. The project, which will be implemented over the period 2009-2012, will be carried out in the promoter’s existing facilities in Trollhättan, Sweden, and at engineering facilities of automotive suppliers and specialised engineering companies.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized in which case an EIA would not be required. In addition, the expected results of the developments will be manufactured in the promoter’s existing facility.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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