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.