Global Trade Alert
Global Trade Alert

Germany and France: EIB grants investment support for Vallourec's manufacturing of steel pipes and tubes

Announcement

16 Apr 2018

In April 2018, the European Investment Bank (EIB) signed a loan agreement with Vallourec SA to support its steel pipes and tubes manufacturing activities. The loan is guaranteed by the European Fund for Strategic Investments (EFSI).

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

16 Apr 2018

Revocation date:

No revocation date

State loan In force

The loan agreement between the European Investment Bank (EIB) and Vallourec SA was signed on 16 April 2018 and has a total value of EUR 110 million (approx. USD 136 million). More specifically two loa...

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Loan guarantee In force

The EIB's loan to Vallourec SA signed on 16 April 2018 was issued under the European Fund for Strategic Investment (EFSI). The loan has a total value of EUR 110 million (approx. USD 136 million) and w...

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