IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Mar 2014 | Removal date: open ended
Still in force

Financial assistance in foreign market

Pursuant to the shareholders' agreement between JBIC, Japanese Mitsubishi Heavy Industries, Ltd. (MHI) and its Danish subsidiary MHI Holding Denmark ApS., JBIC will acquire preferred shares of the Danish subsidiary for a planned value of EUR 132 million (USD 181.84 million).

JBIC's equity participation in the Danish subsidiary will support the company undertaking an offshore wind turbine business through a joint venture company with Danish Vestas Wind Systems A/S. The company produces certain wind turbines.

In this context, the Bank stated: "JBIC will support MHI's (ed. MHI Holding Denmark ApS) business deployment ... by utilizing the equity participation function and will contribute to maintaining and improving the international competitiveness of Japanese industries."

Equity participation financing
JBIC provides capital contributions named “equity participations” to foreign companies, overseas projects and (international) funds. Japanese companies must have equity interests in the foreign company; equity participation in the overseas project; or participate in the (international) fund and here play a significant role. More information can be found on the Bank’s website under equity participations.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850231 Windpowered

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