Bundesrepublik Deutschland – Finanzagentur GmbH’s Stabilisation Measures For Georgsmarienhütte and Ludwig Görtz

Hogan Lovells advised Bundesrepublik Deutschland – Finanzagentur GmbH on the granting of stabilisation measures by the Economic Stabilisation Fund to Georgsmarienhütte Holding GmbH and Ludwig Görtz GmbH.

GMH Group, led by Georgsmarienhütte Holding GmbH, is a leading manufacturer of stainless steel. In March 2021, Georgsmarienhütte Holding GmbH and the Economic Stabilisation Fund (ESF), represented by Bundesrepublik Deutschland – Finanzagentur GmbH, entered into stabilisation agreements with a value amount of EUR 58 million.

In April 2021, the Hamburg-based shoe trading company Ludwig Görtz GmbH and the Economic Stabilisation Fund (ESF), represented by Bundesrepublik Deutschland – Finanzagentur GmbH, also entered into stabilisation agreements. The stabilisation funds for Ludwig Görtz GmbH amount to EUR 28 million.

Hogan Lovells team for Bundesrepublik Deutschland – Finanzagentur GmbH included Dr Tim Oliver Brandi (Picture – Partner, lead), Prof. Dr Michael Schlitt (Partner), Dr Timo Lockemann (Associate) (all Corporate and Capital Markets, Frankfurt); Bianca Engelmann (Partner), Dr Antonia Wolf (Senior Associate) (both Banking and Finance, Frankfurt).

Involved fees earner: Tim Oliver Brandi – Hogan Lovells; Bianca Engelmann – Hogan Lovells; Timo Lockemann – Hogan Lovells; Michael Schlitt – Hogan Lovells; Antonia Wolf – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Bundesrepublik Deutschland – Finanzagentur GmbH;

Author: Federica Tiefenthaler