Grupo Losán’s €35 Million Financing Operation with SEPI

PwC Tax & Legal advised the Grupo Losán on the deal.

The Losán timber group obtained a loan of €35 million from the Council of Ministers. According to the minister spokesperson, Isabel Rodríguez, the company has been greatly affected by the effects of the pandemic, which justified the granting of aid.

The aid comes from the Support Fund, managed by the State Industrial Participation Company (SEPI) and endowed with €10 billion. This mechanism was approved by the Government in July 2020 with the aim of providing temporary public support to non-financial companies affected by the pandemic, that are considered strategic for the domestic or regional economy.

The PwC Tax & Legal Services team was led by Beltrán Gomez de Zayas (Picture), Joaquín Alegre, Emilio Aparicio and Antón Zamorano.

Involved fees earner: Emilio Aparicio – PwC Tax & Legal; Beltrán Gómez de Zayas – PwC Tax & Legal; Antón Zamorano – PwC Tax & Legal;

Law Firms: PwC Tax & Legal;

Clients: Losán;

Martina Bellini

Author: Martina Bellini