Announcement
24 Jun 2022
In June 2022, the European Commission approved a participating loan in Spain to support Barna Steel S.A., the holding company of Celsa Spain. The measure forms part of the Temporary Framework of the European Commission set up for responding to economic challenges caused by the pandemic adopted in July 2020 (see related state act).
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
24 Jun 2022
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 24 June 2022, the European Commission approved a EUR 280.5 million (USD 295.6 million) recapitalisation loan to support Barna Steel S.A. of the Celsa Group in the context of the COVID-19 pandemic. ...
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Related State Acts
19 Mar 2020
EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)
31 Jul 2020
Spain: EU approves EUR 10 billion recapitalisation fund (COVID-19)
27 Jun 2022
Spain: EUR 269.5 million financial support to Celsa Spain (COVID-19)
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