ANNOUNCEMENT 01 Dec 2014

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 231 million loan to B2W - Companhia Digital.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

B2W Digital Company. B2W Companhia Digital. Financial statements at 31 December 2014. Available at: http://economia.estadao.com.br/fatos-relevantes/pdf/15299698.pdf

Inception date: 01 Dec 2014 | Removal date: open ended
Still in force

State loan

On 31 December 2014, the Brazilian B2W - Companhia Digital announced that it had received BRL 231 million (circa USD 87 million) loan from the government-funded Company of Innovation and Research (FINEP). The objective of these resources is to finance R&D programs.

According to the company's financial statements, the credit provided by FINEP enjoy an interest rate of 4% a.a.

 
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

 

AFFECTED PRODUCTS

 
N/A