Hogan Lovells advises Bundesrepublik Deutschland – Finanzagentur GmbH on stabilisation measures for Georgsmarienhütte and Ludwig Görtz

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.

Hogan Lovells team for Bundesrepublik Deutschland – Finanzagentur GmbH

Dr Tim Oliver Brandi (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).


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