On Monday 19 July, the European Commission authorised Spain’s plan to set up a €1 billion recapitalisation fund that will invest through debt and equity instruments in certain companies affected by the Covid-19 pandemic.
The support will take the form of debt and recapitalisation instruments, in particular equity and hybrid capital instruments.
The measure is open to companies established in Spain and active in all sectors, with the exception of the financial sector, with total annual...