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    Reference: 20210083
    Release date: 9 March 2021

    Promoter – Financial Intermediary

    ELKARGI SGR

    Location

    Description

    Operation under the European Guarantee Fund (EGF) to support Spanish companies affected by the COVID-19 pandemic.

    Objectives

    The operation aims to mobilise funding resources to respond to the economic impact of the COVID-19 outbreak. The proposed transaction will contribute to ensuring that eligible entities, notably small mid-caps, can obtain sufficient liquidity and financing needed to weather the ongoing crisis, and are thus able to continue their development in the medium to long-term.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 140 million

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 28/07/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Credit lines