ANNOUNCEMENT 15 Oct 2014

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 32.8 million to Kepler Weber Industrial 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: 15 Oct 2014 | Removal date: 15 Oct 2016

State loan

On 15 October 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 32.8 million (USD 13.4 million at the time of the measure) allocated to Kepler Weber Industrial S.A., a local firm engaged in the post-harvest logistics of grains, including storage and transportation. The objective of these resources is to finance the development strategy of the unit 2018 of the company.

The repayment deadline for the credit has been set to 15 October 2016.


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