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Spain: Government approves bailouts in favour of Cesgarden, Egile and Grupo Universo Pachá (COVID-19)

Description

On 23 December 2021, the Spanish government approved a EUR 18.6 million (USD 21 million) bailout in favour of Cesgarden, a Spanish company operating in the hotel sector of the Balearic Islands. The op...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Dec 2021

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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