M&A COVID-19 Wire - Part 10

Please find another M&A update relating to the COVID-19 pandemic.

1. State Aids

• On 3 June 2020, the coalition committee of the German government decided to launch a program for interim financial aid to secure the existence of companies in all sectors in the event of corona-related revenue shortfalls. The volume of the program is set at a maximum of EUR 25 billion.
• Companies that suffer revenue losses due to the COVID-19 pandemic are to receive a non-repayable operating grant for the months June to August. Companies whose revenues in April and May 2020 were reduced by at least 60% compared to April and May 2019 due to Corona will be eligible to apply. The maximum subsidy amount is to be EUR 150,000 for three months, with the subsidy exceeding EUR 9,000 for companies with up to five employees and EUR 15,000 for companies with up to ten employees only in justified exceptional cases. The deadline for applications is 31 August 2020 at the latest. The Federal