Global Trade Alert
Global Trade Alert

Spain: Government approves bailout in favour of to Tres Mares S.A. (COVID-19)

Announcement

11 Feb 2022

In February 2022, the Spanish government approved 3 bailouts under the recapitalisation fund approved in July 2021 (see related state act). Only one of them met GTA reporting criteria.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

11 Feb 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 11 February 2022, the Spanish government approved a EUR 15.4 million (USD 17.6 million) bailout in favour of Tres Mares S.A, a Spanish company operating in the spa and wellness sector. The operatio...

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