Release date: 26 June 2017
Promoter – Financial Intermediary
BATZ SCLocation
Description
The promoter's investment will include research, development and innovation (RDI) activities, as well as tangible and intangible capital expenditure.
Objectives
The entire EIB loan will be used by the promoter to finance its RDI and deployment investments supporting the implementation of the company's strategy. The investments are expected to support Batz Group's competitiveness and growth.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 55 million
Environmental aspects
The project concerns investments in research and development (R&D) and technology deployment 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 is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.
Status
Signed - 21/12/2017
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).