ANNOUNCED AS TEMPORARYNo
The loan agreement between the European Investment Bank (EIB) and the French dairy cooperative SODIAAL was signed on 21 December 2018. The loan has a total value of EUR 40 million (approx. USD 45.6 million). The loan is issued under the Agriculture and Bioeconomy Programme Loan, see related state act.
The loan will support the dairy cooperative's research and development project concerning its dairy products, ingredients thereof and industrial processes. SODIAAL is a dairy cooperative consisting of 12,500 producers with dairy brands having a worldwide presence.
According to the EIB: "The project will accelerate and further mobilise research, development and innovation (RDI) investments, thus furthering the sustainability of the promoter (ed. SODIAAL), active in agriculture and bioeconomy."
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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