LONDON, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (the “Company”) is pleased to announce that Spanish Fund for supporting strategic companies, on a proposal of Sociedad Estatal de Participaciones Industriales (“SEPI”), a Spanish state-owned industrial holding company affiliated with the Ministry of Finance and Administration, has approved €34.5 million in loans to Spanish companies Grupo Ferroatlántica, S.A.U. and Grupo Ferroátlantica de Servicios, S.A.U. (together, the “Beneficiaries”), wholly owned subsidiaries of the Company. In the coming days it will be submitted to the Council of Ministers for authorisation.   These loans are part of the SEPI fund intended to provide assistance to non-financial companies operating in strategically important sectors within Spain in the wake of the COVID-19 pandemic.