Global Trade Alert
Global Trade Alert

Germany: EIB provides EUR 15 million financing to Automation Hero GmbH

Announcement

20 Dec 2021

On 20 December 2021, the EIB provided financing worth EUR 15 million (USD 17 million) to support German company Automation Hero GmbH's project related to Intelligent Process Automation.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Dec 2021

Revocation date:

No revocation date

Updated: 20 Dec 2021
Loan guarantee In force

The EIB's EUR 15 million loan (approx. USD 17 million) to Automation Hero was backed by a guarantee from the Pan-European Guarantee Fund (EGF, see related state act).

The EGF was creat...

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Updated: 20 Dec 2021
State loan In force

On 20 December 2021, the European Investment Bank (EIB) and German company Automation Hero GmbH signed an agreement worth EUR 15 million (approx. USD 17 million) to support Automation Hero HmbH's p...

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