spot_img
Tuesday, May 21, 2024

KPMG advises SEPI on €111m state aid for Air Nostrum

KPMG Abogados has advised Sociedad Estatal de Participaciones Industriales (SEPI) on a state aid financing transaction granted to Air Nostrum Group, a group led by its parent company Air Investment Valencia S.L.,  by virtue of which Fondo Estatal de Apoyo a la Solvencia de las Empresas Estratégicas (through SEPI) has granted an equity loan for a total amount of €111 million.

-

According to SEPI, the operation has been approved by the management board of the fund, managed by SEPI, “after an exhaustive and rigorous process of analysis of the economic and legal situation of the company, the impact suffered by Covid-19, the viability plan presented by Air Nostrum as well as the prospects of the group and the guarantees provided to ensure the repayment of the temporary public financial support that is going to be granted to Air Nostrum.”

SEPI pointed out that the company is the leader in regional air transport in Spain and one of the five most important companies in the Valencian Community. Its activity plays “a very important role as an economic engine, generating added value and employment.”

The transaction has been advised by a Corporate-Finance team led by partner Luis Fernández Santos and assocate Javier López Crespo, together with director Borja Martínez Corral, partners Carlos Federico Heredia Tapia and Francisco Fernández Díez and senior manager Ana Garriz Garcia-Santamarina on Public, Tax and Labour Law matters.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

KPMG Abogados promotes nine to director 

The promoted are the following: Manuel Gil Customs and excise. Indirect Taxation. Ramón Mouriño Legal Labour Sergi Muñoz Global Transfer Pricing Services  Nadia Batiukova Legal Financial Services Manuel Aguilar Legal Financial Services Alberto Martín Corporate Tax...

Bird & Bird adds Financial Law partner

Fernando Gutiérrez has more than 17 years of experience in his speciality. His practice focuses, on the one hand, on financings of all types...

PLL counsels Santander Consumer on DBRS Morningstar and Moody’s credit note issuance

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional credit ratings to the following classes of notes to be issued by Santander Consumer Spain Auto 2023-1...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: