Global Trade Alert
Global Trade Alert

Spain: Government approves bailouts in favour of Cesgarden, Egile and Grupo Universo Pachá (COVID-19)

Announcement

23 Dec 2021

In December 2021, the Spanish government approved four bailouts under the recapitalisation fund approved in July 2021 (see related state act). Three of them met GTA reporting criteria.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

23 Dec 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 23 December 2021, the Spanish government approved a EUR 18.6 million (USD 21 million) bailout in favour of Cesgarden, a Spanish company operating in the hotel sector of the Balearic Islands. The op...

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Capital injection and equity stakes (including bailouts) In force

On 23 December 2021, the Spanish government approved a EUR 10.4 million (USD 11.8 million) bailout in favour of Egile, a high-precision mechanics company headquartered in the Basque Country. The compa...

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Capital injection and equity stakes (including bailouts) In force

On 23 December 2021, the Spanish government approved a EUR 18 million (USD 20.4 million) bailout in favour of Grupo Universo Pachá, a Spanish company operating in the entertainment sector of the Balea...

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