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Europe's top court on Thursday referred Hutchison's challenge against an EU veto of its 13-billion-pound bid to acquire O2 UK from Spain's Telefonica seven years ago back to a lower tribunal. ....
By Reuters Staff 1 Min Read BRUSSELS, March 4 (Reuters) - EU competition enforcers on Thursday cleared a 20-billion-euro ($24 billion) French scheme to help virus-hit companies via loans, subordinated debt. The European Commission said the scheme consists of a state guarantee on private investment vehicles, funded by private investors, that will acquire participating loans distributed by commercial banks as well as subordinated bonds, aimed at improving their capital position. The French state guarantee will cover up to 30% of loans and subordinated bonds to be acquired by private investment vehicles and that these must be issued before June 30, 2022 with a maturity of 8 years. ....
The European Commission has blocked the export of AstraZeneca’s coronavirus vaccine produced in Italy and destined for Australia after the drug manufacturer failed to meet its EU contract commitments, two sources said on Thursday. (Reporting by Giselda Vagnoni; Editing by. ....