ANNOUNCED AS TEMPORARYNo
The credit line agreement between the European Investment Bank (EIB) and SG Leasing S.p.A and Fraer Leasing S.p.A. was signed on 19 October 2018. The EIB credit line has a total value of EUR 150 million (approx. USD 172.7 million).
More specifically the credit line will, through SG Leasing S.p.A and Fraer Leasing S.p.A., finance Italian SMEs and mid-cap companies with leasing schemes. The credit line is financed under the EIB programme for EU SMEs and mid-caps, see related state act.
The EIB stated that the credit will: "... improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps in Italy."
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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