State aid: Commission approves €6.3 billion German measure to recapitalise energy company SEFE GmbH in context of Russia's war against Ukraine* The European Commission has approved a €6.3 billion German measure to recapitalise energy company SEFE Securing Energy for Europe GmbH (‘SEFE GmbH'), previously known as Gazprom Germania GmbH. The measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU'), recognising that the EU economy is experiencing a serious disturbance, in coherence with the principles set out in the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022 and on 28 October 2022, and the principles of the 2014 Rescue and Restructuring Guidelines. The German
Share on
|
|
The EU Commission approves €6.3 billion German measure to recapitalise an energy company in the context of Russia’s war against Ukraine (SEFE)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
