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ARTICLE · 12 AUGUST 2020

M&A COVID-19 Wire

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Here you can find another M&A update due to the COVID-19 pandemic.

GermanyCorporate/Commercial Law
Tobias Jäger
Tobias Jäger
Nemanja Burgic
Nemanja Burgic
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Here you can find another M&A update due to the COVID-19 pandemic.

1. State Aid

  • On 29 July 2020, the German Federal Cabinet adopted the draft of the European Recovery Plan (ERP) Economic Plan Law 2021. On this basis, small and medium-sized enterprises will be able to obtain low-interest financing and equity capital with a total volume of around EUR 7.9 billion in the coming year. The funding priorities are venture capital and equity financing, the establishment and modernisation of existing companies in structurally weak regions, and the promotion of innovation and digitalisation. The ERP Digitalisation and Innovation Loan provides medium-sized companies with a total loan volume of EUR 2 billion for 2021 to promote digitalisation and innovation projects. The ERP Special Fund comes from resources of the Marshall Plan, which were provided by the USA for reconstruction after the Second World War. It is managed and used by the Kreditanstalt für Wiederaufbau on

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