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EIB grants EUR 40m loan to Sodiaal cooperative to finance research and innovation

 

The European Investment Bank (EIB) is granting a EUR 40m loan to the Sodiaal cooperative to help finance its research and development programme. The operation falls under the European Fund for Strategic Investments (EFSI), also known as the Juncker Plan.

 

This financing illustrates our commitment to prioritise upscaling our product mix, in line with our #Value strategic transformation plan,” explained Sodiaal CEO Jorge Boucas. “It will enable us to develop our research and development activities for European and global markets, and will provide particular support to our new research centre in the heart of the Milk Valley in Rennes (Brittany).” 

 

Read the press release