STATE AID: COMMISSION APPROVES €10 BILLION SPANISH FUND TO PROVIDE DEBT AND CAPITAL SUPPORT TO COMPANIES AFFECTED BY THE CORONAVIRUS OUTBREAK
Published on: 31-07-2020
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The European Commission has approved Spanish plans to set up a fund (Solvency Support Fund) with
a budget of €10 billion that will invest through debt and equity instruments in companies active in Spain
affected by the coronavirus outbreak.
Spain notified the Commission under the Temporary Framework of plans to establish a €10 billion fund
through the State budget that will provide debt and capital support to strategic enterprises active in Spain
affected by the coronavirus outbreak. Under the scheme, the support will take the form of debt and
recapitalisation instruments.
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