Global Trade Alert
Global Trade Alert

Spain: EUR 30 million financial support to ABBA Hoteles S.A. (COVID-19)

Announcement

26 Apr 2022

In April 2022, the Spanish government approved a financial package in favour of ABBA Hoteles 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

26 Apr 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 26 April 2022, the Spanish government published an agreement approving a EUR 17.8 million (USD 19 million) participative loan in favour of ABBA Hoteles S.A. The beneficiary is a Barcelona-based com...

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State loan In force

On 26 April 2022, the Spanish government published an agreement approving a EUR 12.2 million (USD 13 million) ordinary state loan in favour of ABBA Hoteles S.A. The beneficiary is a Barcelona-based co...

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