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Germany: Rescue aid granted to Adidas AG following the COVID-19 outbreak

Description

On 14 April 2020, the German government approved KfW's participation in a EUR 3 billion syndicated loan to Adidas AG. The loan commitment of KfW has a total value of EUR 2.4 billion (approx. USD 2.6 b...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Apr 2020

Revocation date

No revocation date

Implementation level

National

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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