ANNOUNCEMENT 08 Dec 2016

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 62.5 million loan to the local batteries manufacturer Acumuladores Moura S.A. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados

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: 08 Dec 2016 | Removal date: 08 Dec 2019
Still in force

State loan

On 8 December 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 62.5 million (circa USD 18.5 million) loan allocated to the local batteries manufacturer Acumuladores Moura S.A. The objective of these resources is to develop high-performance batteries suitable for hot climates.

The repayment deadline for the credit has been set to 8 December 2019.


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