Announcement
25 Jan 2022
In January 2022, the Spanish government approved a financial package in favour of Grupo Abades. The operation was issued under the Recapitalization Fund approved in July 2020 in response to the COVID-19 pandemic (see related state act).
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
25 Jan 2022
Revocation date:
No revocation date
Updated: 25 Jan 2022
Capital injection and equity stakes (including bailouts)
In force
<p>On 25 January 2022, the Spanish government published an agreement approving a EUR 22.8 million (USD 25.7 million) loan in favour of Grupo Abades. The beneficiary, headquartered in Granada, is...
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