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Global Trade Alert

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Germany: EIB provides EUR 15 million financing to Automation Hero GmbH

Description

The EIB's EUR 15 million loan (approx. USD 17 million) to Automation Hero was backed by a guarantee from the Pan-European Guarantee Fund (EGF, see related state act). The EGF was created in April 2020...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Dec 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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