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Spain: EIB provides financing to Arrasate for development of environmentally friendly vehicles and components for electric vehicles

Description

The EIBs EUR 10 million (approx. USD 12 million) loan with Fagor Arrasate Sc signed on 03 August 2021 was backed by a guarantee from the European Fund for Strategic Investments (EFSI). The EFSI is a j...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Aug 2021

Revocation date

No revocation date

Implementation level

Supranational

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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