ANNOUNCEMENT 04 Aug 2017

In August 2017, the European Investment Bank (EIB) signed a loan agreement with Fassa Srl to support its investments related to a new production site as well as development and research related to building materials.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, FASSA BORTOLO GROUP: https://www.eib.org/en/projects/loans/all/20160904
The European Investment Bank, Project Summary, FASSA BORTOLO GROUP: https://www.eib.org/en/projects/pipelines/all/20160904
Fassa Srl: http://www.fassabortolo.co.uk/en/about-us

Inception date: 04 Aug 2019 | Removal date: open ended
Still in force

State loan

On 4 August 2017, the European Investment Bank (EIB) and Fassa Srl signed a loan agreement having a total value of EUR 40 million (approx. USD 47 million). The loan is issued under the Mid-cap Programme Loan for Croatia, Italy, Malta and Slovenia, see related state act. The loan will support the company's investments related to a new production site as well as research and development of building materials. 

Fassa Srl has its headquarters in Italy with production sites and branches in a number of European countries. The company is a provider of construction materials and products including mortars, premixed plasters, paints and goods related to floor and wallcovering and as well as "solutions for restoration, renovation and thermal insulation".

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