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Global Trade Alert

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France and Italy: EIB provides financing for 'Punch Sustainable Powertrain Solutions'

Description

On 27 December 2022, the European Investment Bank (EIB), Punch Powerglide Strasbourg SAS and Punch Torino SpA signed an agreement worth EUR 40 million (approx. USD 42 million) for the project 'Punch S...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Dec 2022

Revocation date

No revocation date

Implementation level

IFI

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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