23 April 2021 – Led by Frankfurt-based partner Tim Oliver Brandi, Hogan Lovells advised Bundesrepublik Deutschland – Finanzagentur GmbH on the granting of stabilisation measures by the Economic Stabilisation Fund (ESF) 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.
