The EU lends Bonnier billions to advance digitilization process
NyaDagbladet, “The EU lends Bonnier billions” 20 September 2016:
Carl Johan Bonnier Foto: Peter Jönsson
European Investment Bank, the EIB, has granted loans of over 950 million kronor to the Swedish media group Bonnier. The reason given is that they want to support major media players during ongoing digitization.
Bonnier used the loan to continue to invest in research, development and innovation.
- The European Investment Bank’s main tasks under the investment plan for Europe is to support innovation. The media landscape becomes increasingly competitive, and investment in innovation and digitalisation will therefore be very important to continue. Transactions of this nature reveal situations in which the EIB can be an asset for European companies, regardless of sector, says Jan Vapaavuori, EIB Vice President responsible for lending operations in Sweden, in a press release .
