Global Trade Alert
Global Trade Alert

Spain: EUR 113 million in participative loans to Grupo Tubos Reunidos (COVID-19)

Announcement

20 Jul 2021

In July 2021, the Spanish government approved one participative loan with Tubos Reunidos SA under the Recapitalization Fund approved in July 2020 in response to the COVID-19 pandemic (see related state act).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Jul 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 20 July 2021, the Spanish government published an Agreement approving a EUR 112.8 million (approx. USD 132.8 million) participative loan in favour of Tubos Reunidos SA. The support was issued under...

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