EU okays 1 billion euro Spanish recapitalisation scheme for virus-hit companies

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Under the scheme, the aid will take the form of debt and recapitalisation instruments, in particular equity and hybrid capital instruments. It will be open to companies with total net annual revenues of at least 15 million euros and up to 400 million euros on a group basis.

The European Commission said the measure complied with EU state aid rules introduced last year to help EU governments bail out virus-companies.

($1 = 1.1805 euros)