LATECOERE AEROSTRUCTURE RDI (EIB-20140213)

Countries
  • Bulgaria
  • France
Where the impacts of the investment may be experienced.
Specific Location
Toulouse; Plovdiv
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 5, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
LATECOERE SA
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 65.33 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 55 million
Converted using 2017-12-20 exchange rate.
Project Cost (USD)
$ 130.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 110 million
Converted using 2017-12-20 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 3, 2018

Disclosed by Bank Dec 20, 2017


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Project Description
This project provides financing to Latécoère, a leading supplier of doors, fuselage sections and avionic racks and wiring for commercial aircrafts. The project includes investments in research, development, and innovation for 2017-2020, the construction of a new advanced manufacturing plant in Toulouse, France, and the construction of a new assembly plant in Plovdiv, Bulgaria.
Investment Description
  • European Investment Bank (EIB)
Private Actors
Contact Information
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