Please read these terms and conditions carefully before using this website. By logging on to the website, you accept these terms and conditions without reservation. The website is published by STOA, a public limited company with capital of 270,000,000 euros, registered with the Paris Trade & Companies Register under number 833 130 958 and whose head office is located at 151 bis, rue Saint-Honoré, 75001 Paris (Tel: 00 33 (0) 1 58 50 13 71). The website publication director is Marie-Laure Mazaud, CEO of STOA. The website is managed by STOA: 151 bis, rue Saint Honoré, 75007 Paris Tel: 00 33 (0) 1 58 50 13 71 Email: The website is hosted by OVH: 2, rue Kellermann – 59100 Roubaix Tel: 00 33 (0) 820 698 765 The website was designed by the brand strategy & influence consulting firm Enderby, located at 16-18 rue de Londres, 75009 Paris (


General terms and conditions of use of the STOA website

STOA is pleased to welcome you to its website and thereby to raise its profile. The purpose of the website is to provide information about STOA (including STOA’s teams, governance, history, investments, activities and news). The website is the property of STOA, an 83%-owned subsidiary of Caisse des Dépôts and a 17%-owned subsidiary of Agence Française de Développement dedicated to infrastructure investments in emerging countries. The purpose of these general terms and conditions (the “General Terms and Conditions”) is to define the manner in which STOA makes its website and the services offered (together referred to as the “Website”), available to users, as well as the conditions under which said Internet users (the “User(s)”) access and use the Website. Access to and use of the Website necessarily implies the unreserved acceptance of the General Terms and Conditions by any User as well as compliance with the legal and regulatory provisions in force.


Article 1: Prerequisites for access to and use of the Website

Users of the Website acknowledge that they have the skills and means necessary to access and use this Website. He/she also ensures that any person accessing the Website through his/her Internet connection has read and accepted these General Terms and Conditions.

The User acknowledges having verified that the computer configuration he or she uses does not contain any viruses and that it is in perfect working order. To access and use the Website, the User must have, at a minimum, the following computer configuration: – Internet Explorer version 9 and above; Internet Explorer version 11 – Firefox version 22 and above; Firefox version 55 and above – Chrome version 25 and above; Chrome version 60 and above – Safari version 6 and above; Safari version 9 and above.


Article 2: Compliance with the General Terms and Conditions – Duration

The General Terms and Conditions come into force as of the date of their posting online and are enforceable against any User browsing the Website. If a User does not wish to comply with the General Terms and Conditions when using the Website, he or she is invited to refrain from continuing his or her browsing on the Website.


Article 3: Website features

3.1 – Sharing content Some web pages of the Website may include sharing buttons

This allows you to share contents of the Website on social networks (Viadeo, Twitter, LinkedIn etc.). The User may click on a share button of the “Share” type or an icon representing the social network and preceded by the words “Share on” to share content.

By clicking on this type of button, the User will open the web page of the social network concerned, which will invite you, if you are not already connected to this network, to log in (with your login and password) or to register.

STOA is not responsible for the actions performed by the User on the social network website. In case of difficulty, the User must contact the social network publisher or the contact person identified on the social network website. The User is informed that the social network providing a share button is likely to identify him/her thanks to this button, even if the User did not use it when consulting the Website.

This information is not accessible by STOA. For more information, the User may consult the terms of use and privacy protection policies of these social networks.

3.2 – Hypertext links

The Website may contain hypertext links to other websites and in particular to those of STOA’s partners. However, STOA cannot be held liable for any third-party website to which the User has had access via the Website and which may contain illegal or inaccurate content.

STOA has no means of controlling the content of third-party websites. The decision to activate or not to activate these hyperlinks therefore rests exclusively with the Users. Likewise, the Website Publisher shall not be held liable for the unavailability or malfunctioning of these third-party sites.

Any person is authorized to establish, without prior authorization, a link to the information disseminated on the Website. On the other hand, the pages of the Website must not be embedded within the pages of another website.

3.3 – “Social Network Wall” (known as “Social Wall”)

The Website may include a Social Wall where publications posted on the social network website identified for each publication appear. STOA is not responsible for these publications. They are not hosted or published by STOA. For any questions or claims relating to these publications, please contact directly the author of the publications or the social network website that hosts them. 3.4 – Forms and questionnaires The Website may contain forms and questionnaires that the User is free to use according to the functionalities of the Website to which he or she wishes to have access.

The forms and questionnaires allow STOA to collect information and/or opinions entered online by the User. They consist of text boxes, drop-down menus and check boxes. The forms are used to manage requests for information, registrations and queries from Users, and to collect data for analysis and evaluation purposes. It is the User’s responsibility to consult Article 5 relating to the protection of personal data of the present General Terms and Conditions of the Website before using any form or questionnaire on the Website.


Article 4: Intellectual property rights

The Website and all the elements that make it up, in particular the programs, data, texts, images, sounds, drawings, graphics, etc., are the property of STOA or are the subject of a concession granted for its benefit. Any copy, reproduction, representation, adaptation, distribution, in whole or in part, of the Website, by any process whatsoever and on any medium whatsoever is subject to the prior written consent of STOA, subject to the exceptions provided for in the Intellectual Property Code.

The User is authorized to consult, download and print the documents and information available under the following conditions: – the documents may only be used personally, for information and in a strictly private setting in accordance with Article L122 – 5 2° of the CPI, – the documents and information may not be modified in any way whatsoever, – the documents and information may not be distributed outside the Website, other than via the sharing buttons provided for this purpose.

Any unauthorized use of the contents or information of the Website, in particular for commercial exploitation, may be subject to prosecution on the basis of an action for infringement and/or an action for unfair competition and/or parasitism on the part of the holders of the rights in question.


Article 5: Protection of personal data and cookies

All operations on personal data are carried out in compliance with the regulations in force and in particular with French law n°78-17 “Informatique, Fichiers et Libertés” of January 6, 1978 as amended. The notion of “Personal Data” refers to any information relating to an identified natural person or that can be identified, directly or indirectly, by reference to an identification number or to one or more elements specific to that person.

The email address, identity (surname, first name), position, telephone and fax number, company name (for legal entities), postal address, as well as the information request message are the only Personal Data liable to be collected and processed by STOA for information requests. Users’ Personal Data may also be collected via forms published on the Website. STOA undertakes to collect Personal Data only for precise, explicit and legitimate purposes and to process it in accordance with the stated purposes: – for the purposes of processing the User’s request or subscription to electronic newsletters but also for statistical purposes; – in the information notices relating to the forms and questionnaires that may be published on the Website.

STOA undertakes to process only Personal Data that is adequate, relevant and not excessive in relation to the purposes for which it is collected. You can exercise all your rights of access, rectification, opposition of your data by contacting the company directly by email at the following address:


Article 6: Reporting illicit content

Any User who, while accessing the Website or a Private Space, discovers or becomes aware of illicit content, is invited to report it to STOA according to the procedure described below.

The following shall be considered illicit content: any content, regardless of the medium and format: – condoning, in particular, war crimes, crimes against humanity, crimes and offenses against the State (terrorism, etc.); – inciting hatred against persons on the basis of their sex, sexual orientation or identity, religion, disability; – encouraging pedophilia or any pornographic activity; – violating the intellectual property rights of third parties; – generally characterizing an illegal or illicit activity.

In his/her report, the User should: – use the “contact us” form available on the Website; – specify the page of the Website (http://) on which he or she has identified the illicit content. A copy/paste of the address of the page in question may be made; – make any comments; – send the form. STOA will then process the report as soon as possible.


Article 7: Availability of the Website

STOA shall make its best efforts, within the limits of the state of the art, to ensure access and operation of the Website 24 hours a day and 7 days a week, excluding breakdowns and maintenance operations (preventive, corrective or evolutionary).


Article 8: Liability

Given the nature of the missions carried out by STOA as described in the preamble and the services offered on the Website, it is agreed to include a clause limiting the contractual liability of STOA. STOA ensures the accuracy of the information on the Website. Nevertheless, the processed information may contain technical or typographical inaccuracies.

It is specified that STOA can in no way be held liable for any errors on the Website, nor for the completeness or relevance of the information and data processed. STOA makes its best efforts to maintain the Website in accordance with the state of the art in terms of security and confidentiality. Given the complexity of the Internet, however, it cannot guarantee absolute security.

In order to use the Website, the User must have the skills, hardware and software required to use the Internet. The User acknowledges that the characteristics and constraints of the Internet do not make it possible to guarantee the security, availability and integrity of data transmissions during their transit over the Internet.

STOA reserves the right to modify or interrupt, temporarily or permanently, all or part of the Website, without notice or compensation of any kind, which the User accepts. Similarly, STOA shall not be held liable for any errors, interruptions, lack of availability of information and/or the presence of viruses on its Website.

STOA shall not be liable in the event of malfunction, access impossibility or poor conditions of use of the Website attributable to unsuitable equipment, internal malfunctions of the User’s Internet service provider, Internet network congestion or for any other reason beyond the control of STOA.

In general, the User and STOA may only be held liable for compensation for the pecuniary consequences of both direct and foreseeable damage suffered by the other party, provided that (i) the latter has complied with all the stipulations of the General Terms and Conditions and (ii) that it demonstrates that such damage is the consequence of a failure attributable to the other party. Under no circumstances shall STOA be held liable for any indirect or unforeseeable damage suffered by the User. Indirect or unforeseeable damage includes, in particular, any damage to image, financial loss, inaccuracy or corruption of files or data, or loss of opportunity.


Article 9: Force majeure

STOA may not be held liable in the event of non-performance or partial performance of its obligations under the Website if said non-performance or partial performance results from a case of force majeure within the meaning of the case law of the French and EU courts and tribunals.


Article 10: Updating of the General Terms and Conditions.

STOA reserves the right to update the General Terms and Conditions at any time according to changes in the content and functionality of the Website as well as any necessary additional protection constraints. STOA therefore invites all users to read this page each time they consult the Website.


Article 11: Applicable Law

The General Terms and Conditions are subject to French law. The same holds true both for the rules of substance and for the rules of form. All challenges and disputes relating to the acceptance, execution or interpretation of the present Terms and Conditions shall be submitted to the competent courts within the jurisdiction of the courts of Paris.


Article 12: Credits

Credits are the mention of the name of the author of a photograph, an illustration, a video or more simply a creation in the broadest sense or, if applicable, the name of the company (e.g.: photographic agency, publishing house, etc.) that holds the rights to the published creation, including photographs, illustrations, sounds, images and videos. The credit is commonly referred to as the “photo credit” or “illustration credit” but can be applied more broadly. The publication of credits thus makes it possible to identify the author of the item, thereby respecting his or her moral rights over the work, but also to determine the owner of the creation. © 2020 STOA – Legal notice – Website creation: Enderby

Dernière mise à jour/Last update : 23/10/09