Global Trade Alert
Global Trade Alert

Sweden: EIB grants investment support for Acast's business activities

Announcement

09 Jul 2019

In July 2019, the European Investment Bank (EIB) signed a loan agreement with Acast to support the development of its audio content platform and certain research and development activities. The loan will be guaranteed by the European Fund for Strategic Investment (EFSI).

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Jul 2019

Revocation date:

No revocation date

Updated: 09 Jul 2019
State loan In force

The EIB's loan to Acast signed on 9 July 2019 was issued under the European Fund for Strategic Investment (EFSI). The loan has a total value of EUR 25 million (approx. USD 28 million) and will supp...

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Updated: 09 Jul 2019
State loan In force

On 9 July 2019, the European Investment Bank (EIB) and the Swedish podcast company and audio content service provider Acast signed a loan agreement. The loan has a total value of EUR ...

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