Margrete Vestager

    • France gains Commission's approval for €3bn scheme to help virus-hit companies

      France gains Commission's approval for €3bn scheme to help virus-hit companies

      The European Commission on Tuesday approved, under EU State aid rules, French plans to set up a €3 billion fund that will invest through debt, hybrid and equity instruments in companies affected by the coronavirus outbreak, EC Press service reported. The scheme was approved under the State aid Temporary Framework. It includes subordinated and participating loans and recapitalisation measures, in particular hybrid capital instruments and preferred shares without voting rights. Up to 100 companies are expected to benefit from the measure.

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    • Revising regional aid

      Revising regional aid

      The Commission launched last Thursday a public consultation inviting all interested parties to comment on draft revised EU guidelines on regional state aid, the EU press service reported. The consultation will be open and running until 30 September.

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