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).
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
2 in force
Implementation date
07 Sep 2021
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
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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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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