Announcement
05 Oct 2021
In October 2021, the Spanish government approved a financial package in favour of Grupo Hoteles Turísticos Unidos S.A. 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
05 Oct 2021
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 5 October 2021, the Spanish government published an agreement approving a EUR 190 million (USD 220.6 million) participative loan in favour of Grupo Hoteles Turísticos Unidos S.A. (Grupo Hotusa). Th...
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State loan
In force
On 5 October 2021, the Spanish government published an agreement approving a EUR 51 million (USD 59.2 million) ordinary state loan in favour of Grupo Hoteles Turísticos Unidos S.A. (Grupo Hotusa). The...
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