Global Trade Alert
Global Trade Alert

Spain: Government approves bailout in favour of Hoteles Silken and Underground Works (COVID-19)

Announcement

09 Jun 2022

In June 2022, the Spanish government approved 14 bailouts under the recapitalisation fund approved in July 2021 (see related state act). Only two of them met GTA reporting criteria.

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

09 Jun 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 09 June 2022, the Spanish government approved a EUR 22.5 million (USD 23.9 million) bailout in favour of Hoteles Silken, a Spanish company that operates hotels in Spain. The operation was approved ...

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Capital injection and equity stakes (including bailouts) In force

On 09 June 2022, the Spanish government approved a EUR 25 million (USD 26.5 million) bailout in favour of Underground Works, a Spanish company specialised in the management and execution of undergroun...

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