ANNOUNCED AS TEMPORARYNo
On 11 May 2015, the European Investment Bank announced in a press release that it had provided a 150 million EUR loan to AB Electrolux.
The loan will be used to develop more energy-efficient white goods and small household appliances.
The EIB vice-president was cited in the press release saying that "Projects such as this strengthen the competitiveness of European companies, thus enhancing Europe's position as a major technology supplier and supporting skilled employment opportunities". Further, the press release stated that EIB's financing helps "making the company's financing more cost-efficient and extending the maturity profile of its debt".
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the investment support proposed here is discriminatory.
Italy and Germany were not selected as affected trading partners, as part of the support will be used in the company's locations in those countries.
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