ANNOUNCEMENT 03 Dec 2018

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 226.8 million to Mahle Metal Leve 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 17/03/2019. 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: 03 Dec 2018 | Removal date: 03 Dec 2021
Still in force

State loan

On 3 December 2018, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 228.5 million (over USD 59.15 million) loan allocated to Mahle Metal Leve S.A., a local company that manufactures and sells engine systems and components. The objective of these resources is to finance an innovation project on energy efficiency.

The repayment deadline for the credit has been set up on 3 December 2021.


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