December 09
2021
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Anjum Shabbir
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15th September 2021
Competition & State Aid

Commission approves France’s 3 billion-euro injection to support companies impacted by COVID-19

The European Commission has decided that a French recapitalisation scheme with a 3 billion euro fund to assist companies affected by the COVID-19 pandemic is compatible with the EU State aid rules, specifically under the State aid Temporary Framework that is in place to assess this type of aid.

The French plans aim to provide investment through debt (loans), hybrid capital and equity instruments to facilitate access to finance for French companies active in all sectors (except the financial sector) that have been negatively affected by the pandemic. The companies must have been viable and not in difficulties before the outbreak.

In carrying out its assessment of the compatibility of the scheme with EU State aid rules, the C

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