Global Trade Alert
Global Trade Alert

France and Italy: EIB provides financing for 'Punch Sustainable Powertrain Solutions'

Announcement

27 Dec 2022

On 27 December 2022, the EIB provided financing worth EUR 40 million (USD 42 million).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

27 Dec 2022

Revocation date:

No revocation date

State loan In force

On 27 December 2022, the European Investment Bank (EIB), Punch Powerglide Strasbourg SAS and Punch Torino SpA signed an agreement worth EUR 40 million (approx. USD 42 million) for the project 'Punch S...

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