Global Trade Alert
Global Trade Alert

Spain: EUR 340 million financial support to Técnicas Reunidas S.A. (COVID-19)

Announcement

18 Feb 2022

In February 2022, the Spanish government approved a financial package in favour of Técnicas Reunidas 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).

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

18 Feb 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 18 February 2022, the Spanish government published an agreement approving a EUR 175 million (USD 198.2 million) participative loan in favour of Técnicas Reunidas S.A. The beneficiary is a Spanish g...

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State loan In force

On 18 February 2022, the Spanish government published an agreement approving a EUR 165 million (USD 186.9 million) ordinary state loan in favour of Técnicas Reunidas S.A. The beneficiary is a Spanish ...

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