The Government approves the rescue through the SEPI of Julià and Mediterránea Catering with 66 million

The Council of Ministers has authorized two new economic operations of temporary public support, for a total amount of 66 million euros, for the Julià Group (38 million), one of the main passenger transport companies in Spain, and the multinational company restaurant Mediterranea Catering (28 million), which will be charged to the Solvency Support Fund for Strategic Companies managed by the State Society for Industrial Participations (SEPI).

The tourism sector monopolizes the SEPI rescue fund: it adds up to half of the companies and 75% of the aid

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These authorizations occur after the Fund's Management Board has given the go-ahead to said operations, according to Europa Press.

The Government spokesperson and Minister of Territorial Policy, Isabel Rodríguez, announced at the press conference after the Council of Ministers on Tuesday that this aid will be carried out through the Fund, endowed with 10,000 million euros, with which it is intended to preserve the activity and maintain employment in both companies related to tourism.

"The Council of Ministers has approved support for these companies with problems, but with proven solvency, to maintain their business and jobs in the future," said the Government spokesperson, highlighting the "strategic nature" of these companies in the field of tourism and the services sector in our country.

A total of 21 approved files

With these last two files authorized by the Government, there are a total of 21 approved since the creation of the Fund.

The aid comes from the Solvency Support Fund, a key tool to protect economic activity and employment while the impact of the pandemic lasts. It is one of the instruments to support the economy that the Government launched, with an allocation of up to 10,000 million euros.

These operations are added to those already authorized for other important Spanish companies such as Air Europa, Ávoris Corporación Empresarial, Plus Ultra Líneas Aéreas, Duro Felguera, Tubos Reunidos, Rugui Steel, Hotusa, Grupo Airtificial, Grupo Serhs, Reinosa Forgings & Castings, Grupo Losán , Grupo Soho Boutique Hotels and Grupo Abades, Técnicas Reunidas, Grupo Wamos, Eurodivisas and Grupo Ferroatlántica.

The first to be rescued was the airline Air Europa, which in November 2020 received loans for 475 million euros. It was followed by Ávoris Corporación Empresarial (320 million), Duro Felguera (120 million), Plus Ultra (53 million), Tubos Reunidos (112.8 million), Rugui Steel (25 million), the hotel group Hotusa (241 million), Grupo SERHS (34 million), Grupo Airtificial (34 million), Reinosa Forgings & Castings (27 million) and the Losan timber group (35 million).

Subsequently, the Soho Boutique Hotels Group also received aid worth 30 million euros, Grupo Abades (29.3 million), Técnicas Reunidas (340 million), Grupo Wamos (85 million), Eurodivisas (45 million), and Grupo Ferroatlántica ( 34.5 million).

These companies were joined last week by the hotel companies Grupo Inversor Hesperia (55 million) and Grupo Abba Hoteles (30 million).

Now to this list are added the 66 million grants offered to the Julià Group, a specialist in tourist services and travel transport, and to the Mediterránea Group, a catering company with more than 30 years of experience in the restaurant sector and with a turnover of more than the 220 million euros.

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