ANNOUNCEMENT 27 Apr 2017

The government-funded Company of Innovation and Research of Brazil (FINEP) approved a BRL 60 million loan to Ourofino Agrociência.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Company of Innovation and Research. mpresa Brasileira de Inovaçao e Pesquisa. Notícias. "Finep e Ourofino Agrociência firmam parceria de R$ 60 milhões" Available at: http://www.finep.gov.br/noticias/todas-noticias/5429-finep-e-ourofino-agrociencia-firmam-parceria-de-r-60-milhoes

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel

Inception date: 27 Apr 2017 | Removal date: open ended
Still in force

State loan

On 27 April 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 60 million (circa USD 19 million) loan allocated to the local manufacturer of agricultural pesticides  Ourofino Agrociência. The objective of these resources is the development of new formulations, improvement of existing products and constructions of a Dispersible Granules Plant.

 
FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED SECTORS