ZUMTOBEL LIGHTING RDI (EIB-20170870)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Austria
  • France
  • Germany
  • United Kingdom
Where the impacts of the investment may be experienced.
Specific Location
Austria
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
Jun 12, 2018
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
ZUMTOBEL GROUP AG
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 93.32 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 80 million
Converted using 2018-07-20 exchange rate.
Project Cost (USD)
$ 211.15 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 181 million
Converted using 2018-07-20 exchange rate.
Corporate Actor Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 3, 2018

Disclosed by Bank Jul 3, 2018


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Project Description

The project concerns investments for research and development (R&D;) of innovative and more efficient lighting solutions including new kinds of services. These activities will be carried out mostly in Austria.

This project will help provide more intelligent, better-connected and energy-efficient lighting solutions.

 

Investment Description
  • European Investment Bank (EIB)

The promoter has been assessed by EIB as being a private company not operating in the utility sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. The Bank's services will verify further details during the project's due diligence.

Private Actors

Zumtobel Group AG operates in the lighting industry worldwide. It offers a range of products and services, including light management components and systems for applications in professional indoor and outdoor lighting. The company operates in two segments, Lighting and Components. 

Contact Information

*There is no further project contact information available at this stage of the project*

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