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).
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
26 Apr 2022
Revocation date:
No revocation date
Updated: 26 Apr 2022
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 ben...
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Updated: 26 Apr 2022
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...
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