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    The European Commission closes its in-depth investigation with no recovery regarding aids granted by France to FagorBrandt
    2016-04-19

    FagorBrandt, whose successor is the Brandt group, benefited from an exceptional and temporary support package, financed by the Economic and Social Development Fund, to help viable intermediate-sized enterprises experiencing economic difficulties and undergoing bankruptcy proceedings. As a result, it received two loans of €10 million in 2013 and €47.5 million in 2014 below market rates.

    Filed under:
    European Union, France, Insolvency & Restructuring, Trade & Customs, FIDAL
    Location:
    European Union, France
    Firm:
    FIDAL
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