ANNOUNCEMENT 26 Jul 2012

On 26 July 2012, the EIB provided financing worth EUR 50 million (USD 61 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 Jul 2012 | Removal date: open ended

State loan

On 26 July 2012, the European Investment Bank (EIB) and Giesecke & Devrient Gmbh signed an agreement worth EUR 50 million (approx. USD 61 million) for the project Giesecke&devrient Rdi from Germany-Spain. The total cost of the project is estimated at EUR 120 million.

According to the project description issued by the EIB, The project concerns the promoters R&D activities in relation to its two key business lines: (i) Banknote Processing and (ii) Mobile Security / Secure Devices which also includes payment solutions. More precisely, it comprises the development of a new generation of a high end banknote inspection machine, enhanced secure payment and new authentication solutions for the telecommunication as well as the governmental sector..

The objective of the project is defined as following: Knowledge Economy.

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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS