ANNOUNCEMENT 31 May 2015

In May 2015, the German Export Crediting Agency announced its support of an export project concerning the delivery of machines and installations for the construction of a ready-to-use brewery in Angola.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 May 2015 | Removal date: open ended

Trade finance

The export loan was announced in May 2015 and finances the delivery of machines and installations for the construction of a ready-to-use brewery ('Maschinen und Anlagen zur Errichtung einer schl├╝sselfertigen Brauerei') in Angola. The benefitting German exporter is Krones AG, Neutraubling.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (56 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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