ANNOUNCEMENT 23 Sep 2016

On 23 September 2016, the EIB provided financing worth EUR 350 million (USD 392 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Sep 2016 | Removal date: open ended

State loan

On 23 September 2016, the European Investment Bank (EIB) announced an agreement worth EUR 350 million (approx. USD 392 million) for the project Midcap Programme Loan Germany & Nordic Countries from Denmark-Finland-Germany-Sweden. The total cost of the project is estimated at EUR 935 million.

According to the project description issued by the EIB, EIB programme loan to finance investments of eligible mid-caps with a focus on innovative companies in Germany and in Nordic countries.

The objective of the project is defined as following: It is expected that this programme loan will help to accelerate and further mobilise private sector investments, thus furthering the sustainability of mid-caps competitive advantage over time and creating growth and employment opportunities in Germany, Denmark, Sweden and Finland..

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

 
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AFFECTED PRODUCTS

 
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