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Brazil: FINEP allocates USD 20 million to local retailer

Description

On 28 May 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of circa BRL 45 million (USD 20 million) allocated to Magazine Luiza S.A., a local retailer. ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 May 2014

Revocation date

28 Sep 2016

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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