Global Trade Alert
Global Trade Alert

Spain: EUR 35 million financial support to Grupo Losán (COVID-19)

Announcement

21 Dec 2021

In December 2021, the Spanish government approved a financial package in favour of Grupo Losán. The operation was issued 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

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Dec 2021

Revocation date:

No revocation date

Updated: 21 Dec 2021
State loan In force

On 21 December 2021, the Spanish government published an Agreement approving a EUR 13.4 million (USD 15.1 million) state loan in favour of Grupo Losán. The beneficiary, founded in 1964 ...

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Updated: 21 Dec 2021
Capital injection and equity stakes (including bailouts) In force

On 21 December 2021, the Spanish government published an Agreement approving a EUR 21.6 million (USD 24.3 million) loan in favour of Grupo Losán. The beneficiary, founded in 1964 and he...

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