World
EU governments allowed to take stakes in virus-hit firms
An EU executive also said EU countries could grant subordinated loans on favourable terms to companies affected by
- An EU executive also said EU countries could grant subordinated loans on favourable terms to companies affected by COVID-19.
BRUSSELS: The European Commission on Friday adopted rules allowing EU governments to help virus-hit companies by acquiring stakes in the firms, which will be subjected to a ban on dividends, share buybacks, bonuses and acquisitions.
An EU executive also said EU countries could grant subordinated loans on favourable terms to companies affected by COVID-19.
Comments
Comments are closed.