this State Granted one hundred major loans to Spanish companies between January 1, 2021 and June 20 of this year for a common amount More than 2,300 million Euros. This is due to the official data of the Ministry of Finance, which refers to all loans subscribed by different bodies of the State Administration during this period by El Periódico de Catalunya, the amount of which is over € 1.97 million.
this 69 companies subscribed to 100 operations, because some have formalized more than five different financing transactions. Further analysis of the records shows that of the 2,333 million in question, ten companies concentrated 68% of the joint risk given by the State during this period. These are the engineering company Técnicas Reunidas (340 million spread over various loans), the tour operator Avoris (320 million), the hotel company Hotusa (241 million), the Volotea airline and industrial group Tubos Reunidos, then another airline (Air) Nostrum), Duro Felguera engineering and capital goods group, Wamos airline, Hesperia chain and Plus Ultra aerospace company. Among the ten, they accumulate more than 1,600 million risks for the State.
The dominance of these ten people is a result of the difficulties faced by the sectors in which they operate from the beginning of the pandemic to the present. Those most affected by the restrictions Like major industries and tourism service companies, the coronavirus has had to seek help from SEPI’s Solvency Support Fund for Strategic Companies. This mechanism 10,000 million euros in totalStarted in July 2020 and will remain in effect until the next day 30. Its purpose is to provide temporary public support to strengthen the solvency of non-financial companies considered strategic for the national or regional productive fabric. Among the hundred major loans analyzed is the last loan approved by SEPI the day before yesterday to Vicinay Marine, a Basque company that produces technology for renewable energies.
The 2,333 million awarded during this analyzed period includes not only SEPI bailouts but also other financing transactions for companies.Credits for innovation through the Center for Industrial Technological Development (CDTi). Various operations that the agency has signed with Catalan company Hipra as a whole for more than 17m euros fall into this last category. The company is currently developing the first coronavirus vaccine designed in Spain. Defense group Airbus and meat company ElPozo Alimentación also have loans from CDTI.
Government funding also benefits large companies such as Telefónica (under the Next-Generation Broadband Expansion Program), Repsol and Renault (in both cases, innovation), among others.
At the opposite extreme, but in a much lesser minority, are credit transactions to which SMEs subscribe, according to data from the Ministry of Finance registry. Among the 100 loans analyzed, the loan with the lowest amount was €1.97 million from Andalusian fertilizer company Abonos Jiménez.
Source: Informacion
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