Tag: State aid

tui

TUI accelerates repayment of Corona aid and resolves cash capital increase

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TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]

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State aid: Commission prolongs and expands Temporary Framework to further support companies facing significant turnover losses

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The European Commission has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged […]

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