ANNOUNCEMENT 04 Apr 2019

In April 2019, the European Investment Bank (EIB) signed a loan agreement with ATHANASIOS HATZOPOULOS PACKAGING MATERIALS INDUSTRY SA (A.Hatzopoulos S.A.) to support its investments concerning its production of flexible packaging materials, products and solutions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, PACKAGING PLANT CAPACITY EXPANSION: https://www.eib.org/en/projects/loan/loan/20180423
The European Investment Bank, Project summary, PACKAGING PLANT CAPACITY EXPANSION: https://www.eib.org/en/projects/pipelines/pipeline/20180423
A.Hatzopoulos S.A.: http://www.hatzopoulos.gr/site/index/en

Inception date: 04 Apr 2019 | Removal date: open ended

State loan

On 4 April 2019, the EIB and A.Hatzopoulos S.A. signed a loan agreement having a total value of EUR 12 million (approx. USD 13.5 million). The loan is granted under the EIB Midcap Programme Loan for Central and South East Europe.

The EIB loan will support the company's acquisition of equipment for the production of flexible packaging materials as well as its development of flexible packing solutions, materials and products.

According to the EIB: "The project aims at enhancing and safeguarding the promoter's (ed. A.Hatzopoulos S.A.) competitive position through the implementation of state-of-the-art production equipment and also through the development of technologies and solutions necessary for the current and future business requirements."

A.Hatzopoulos S.A. has its headquarters in Greece with locations in the United States and a number of European countries. The company provides various packing solutions and materials for, among others, the food, pharmaceutical and cosmetics industry. 

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS