Announcement
11 Sep 2020
In September 2020, the European Investment Bank (EIB) signed a second loan agreement for the amount of EUR 40 million (approx. USD 47.4 million) with CIE Automotive to support its research and development of light vehicle automotive components in Europe. This second loan adds to the one signed in July 2018 (see related state act).
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
11 Sep 2020
Revocation date:
No revocation date
Updated: 11 Sep 2020
State loan
In force
The EIB's approved EUR 40 million (approx. USD 47.4 million) second loan to CIE Automotive signed on 11 September 2020 was also issued under the European Fund for Strategic Investment (EFSI). In th...
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Updated: 11 Sep 2020
State loan
In force
On 11 September 2020, the European Investment Bank (EIB) approved a second loan for the amount of EUR 40 million (approx. USD 47.4 million) for the promotion of CIE Automotive’s RDI investmen...
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