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Brazil facility
Brazil facility
The most relevant characteristics of the financial support provided are as follows:
- Eligible projects: viable projects undertaken in Brazil and involving some manner of Spanish interest, regardless of the type of business invoved. The priority sectors are:
- Capital goods
- Automobile components
- Renewable energies
- Infrastructure and transport
- Environment and sewerage
- Electric power transmission
- Tourism
- Types of financial support:
- Capital holdings
- Subordinated loans
- Subordinated joint venture loans
- Convertible loans
- Joint venture loans
- Ceiling: under the joint venture loan formula, the lower of 25 million euros or 70% of the total investment. Capital holdings are limited to 49% of the project company’s share capital.
- Minimum: 250,000 euros
- Present capital endowment (2010): 70 million euros.
- Access: applications must be submitted to COFIDES.
