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Global Trade Alert

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Germany: EIB provides financing for 'Schaeffler Motion R&D Investments'

Description

On 21 December 2023, the European Investment Bank (EIB) and Schaeffler AG signed an agreement worth EUR 420 million (approx. USD 458 million) for the project 'Schaeffler Motion R&D Investments' fr...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Dec 2023

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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