Global Trade Alert
Global Trade Alert

Spain: EUR 34.5 million financial support to Grupo Ferroatlántica S.A.U. (COVID-19)

Announcement

18 Feb 2022

In February 2022, the Spanish government approved a financial package in favour of Grupo Ferroatlántica S.A.U. 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

Implementation date

18 Feb 2022

Revocation date:

No revocation date

Updated: 18 Feb 2022
State loan In force

On 18 February 2022, the Spanish government published an agreement approving a EUR 16.9 million (USD 19.1 million) ordinary state loan in favour of Grupo Ferroatlántica S.A.U. The ...

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Updated: 18 Feb 2022
Capital injection and equity stakes (including bailouts) In force

On 18 February 2022, the Spanish government published an agreement approving a EUR 17.6 million (USD 19.9 million) participative loan in favour of Grupo Ferroatlántica S.A.U. ...

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