Announcement
22 Jul 2022
In July 2022, the Spanish government approved a bailout measure in favour of Balenciaga under the recapitalisation fund approved in July 2021 (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
22 Jul 2022
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 22 July 2022, the Spanish government approved a EUR 11.99 million (USD 12.2 million) bailout in favour of Balenciaga, a Spanish luxury fashion company. The operation was approved under the recapita...
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