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Signature(s)

Amount
€ 120,000,000
Countries
Sector(s)
The Netherlands : € 50,400,000
Belgium : € 69,600,000
Services : € 120,000,000
Signature date(s)
19/12/2024 : € 50,400,000
19/12/2024 : € 69,600,000
Link to source

Summary sheet

Release date
14 January 2025
Status
Reference
Signed | 19/12/2024
20240326
Project name
Promoter - financial intermediary
MEDIA DIGITAL ACCELERATION
DPG MEDIA GROUP NV,DPG MEDIA NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million
EUR 392 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter's investments in Research, Development and Innovation (RDI) as well as digitalization of media services and operations in Belgium and the Netherlands over the period 2024-26.

The aim is to support the promoter's continuous efforts to maintain its competitive position by investing in innovation and digitalisation, improving the quality and functionality of various platforms, supporting personalized and interactive content, and increasing efficiency and impact across all business areas.

Additionality and Impact

The project finances the research programme and digitalisation of the promoter in Belgium and the Netherlands. It supports investments in Digitalisation and Artificial Intelligence aligning with EU policy objectives (Digital Europe Programme, Europe's Digital Decade: digital targets for 2030) and strengthening the competitiveness of the sector while contributing to the Bank's Policy objective "Innovation, Digital and Human Capital".


The project's digital technologies will include content delivery, artificial intelligence or data management, generate positive knowledge and technology externalities, through the creation of innovative processes, products or services and through skills development and upgrading. It addresses the market failure of imperfect competition, as it contributes to expanding the competitive space for new products and helps to mitigate the competitive disadvantage of local companies with outdated technologies that compete in the global digital online market.


EIB's financing is a highly flexible loan allowing the borrower to diversify its funding, lengthen its average debt maturity whilst strengthening its financial position. It provides a strong signaling effect on the quality of the project, facilitating other financiers.

Environmental aspects
Procurement

The Project consists of investments in RDI that are not listed in any of the Annexes of the Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by the Directive 2014/52/EU. The environmental details will be verified during the Project appraisal.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

Milestone
Under appraisal
Approved
Signed
18 December 2024
19 December 2024
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).

Documents

Environmental and Social Data Sheet (ESDS) - MEDIA DIGITAL ACCELERATION
Publication Date
31 Jan 2025
Document language
Main Topic
Lending
Document Number
229630335
Document Focus
Environmental Information
Project Number
20240326
Sector(s)
Regions
Publicly available
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