ANNOUNCEMENT 19 Feb 2021

In February 2021, the Danish export credit agency Eksport Kredit Fonden (EKF) approved a guarantee to support the Danish company Chr. Hansen’s research and development activities in the sector of food and health.  
 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Guarantees issued by EKF, 2021:
https://ekf.dk/media/3lmaxd55/%C3%A5benhed_nyudstedelse_uk_2021.pdf?v=637623859403050367

KfW IPEX-Bank, PRESS RELEASE FROM 2021-02-17: KfW IPEX-Bank: Financing for research and innovation in the food industry
https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_634048-2.html

Inception date: 19 Feb 2021 | Removal date: open ended

Loan guarantee

On 19 February 2021, Denmark’s export credit agency Eksport Kredit Fonden (EKF), announced signing a guarantee for a corporate loan having a total value of DKK 405 million (approx. USD 66 million) to support the Danish company Chr. Hansen’s in the financing of its research and innovation activities in the food and health industries. The maturity of the loan is 6 and a half years.

More specifically, and according to declarations from Chr. Hansens’s executives: "The goal of further research activities is to improve the stability of probiotic cultures and develop protection methods for agricultural products".

Notably, KfW IPEX-Bank joined the EKF to provide additional financing. The total support, both private and public, provided to Chr. Hansen amounts to EUR 130 million.

Chr. Hansen is a manufacturer of natural ingredient solutions for the food, nutritional, pharmaceutical, and agricultural industries. The Danish company is present in more than 30 countries and its headquarters are in Hoersholm, Denmark.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.


Eksport Kredit Fonden (EKF)

EKF provides financial assistance and guarantees to support Danish companies in the area of exports. While it operates as a financial institution on commercial terms, the Danish state owns EKF.

 

AFFECTED SECTORS