ANNOUNCEMENT 17 Jan 2020

In January 2020, the European Investment Bank signed a loan agreement with SGEF SPA to finance SMEs and Midcap investments.  

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Investment Bank. SGEF LEASING ITALY LOAN FOR INNOVATION. Press release 27 September 2019.
Available at: https://www.eib.org/en/projects/pipelines/all/20190438

Project Data Sheet. European Investment Bank. SGEF LEASING ITALY LOAN FOR INNOVATION. Press release 27 September 2019.
Available at: https://www.eib.org/en/projects/loans/all/20190438

Inception date: 17 Jan 2020 | Removal date: open ended

State loan

On 17 January 2020, the European Investment Bank (EIB) and Societe Generale Equipment Finance (SGEF SPA) signed a loan agreement having the value of EUR 150 million (approx. USD 166.3 million). The loan will support the company to finance eligible SMEs and Midcap investments via leasing schemes in Italy. SGEF SPA has its headquarters in Italy. The company offers tailored leasing and finance solutions to vendors, dealers, manufacturers, and corporate customers.

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

 
N/A

AFFECTED PRODUCTS

 
N/A