11-08-2020 17:17 via uk.finance.yahoo.com

Germany mulling requests from at least 14 firms for state aid

Germany is examining requests from at least 14 companies for state aid that could see the government take on more stakes in privately held firms due to the COVID-19 pandemic, an economy ministry document showed on Tuesday.In March, Chancellor Angela Merkel and Finance Minister Olaf Scholz established an Economic Stabilisation Fund worth 600 billion euros (540 billion pounds) to help large corporations survive the coronavirus shock via loans and direct stakes.Deputy Economy Minister Ulrich Nussba
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