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Italy: EUR 44 billion recapitalization scheme for large companies (COVID-19)

Description

On 17 September 2020, the EU approved a EUR 44 billion (approx. USD 52.1 billion) Italian state aid scheme to support large companies affected by the economic crisis generated by the COVID-19 pandemic...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Sep 2020

Revocation date

30 Jun 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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