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Saturday, April 20, 2024

Montero | Aramburu advises on €500m SEPI/COFIDES state aid

Montero | Aramburu Abogados has advised the Sociedad Estatal de Participaciones Industriales (SEPI) and the Compañía Española de Financiación del Desarrollo (COFIDES) on 12 financing operations during the term of the solvency support funds for companies affected by Covid managed by both entities.

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These operations included the aid granted to Técnicas Reunidas, Grupo Losan, Grupo Soho Hoteles, Sunsundegui and Grupo Bluesun. The total amount of financing granted in the operations in which Montero | Aramburu Abogados has intervened amounts to more than €500 million.

The team that advised both public companies on all the operations was coordinated by partner Maite Cerezo Montañez and lawyer Juan Manuel Martínez, from the Financial and Banking Law area, and partner Ignacio Albendea, from the Public Law area.

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