Global Trade Alert
Global Trade Alert

Spain: EUR 25 million financial support to Grupo Rugui Steel (COVID-19)

Announcement

07 Sep 2021

In September 2021, the Spanish government approved a financial package in favour of Grupo Rugui Steel. 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

07 Sep 2021

Revocation date:

No revocation date

Announced: 07 Sep 2021
State loan In force
On 7 September 2021, the Spanish government published an agreement approving a EUR 11.5 million (USD 13.6 million) ordinary state loan in favour of Grupo Rugui Steel. The beneficiary, headquartered in...
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Announced: 07 Sep 2021
State loan In force
On 7 September 2021, the Spanish government published an agreement approving a EUR 13.5 million (USD 16 million) participative loan in favour of Grupo Rugui Steel. The beneficiary, headquartered in So...
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