EU proposes 15 billion euro fund to back strategic firms
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BRUSSELS (Reuters) - The European Commission has proposed setting up a 15-billion-euro fund to invest in strategic companies that have been weakened by the COVID-19 crisis.The proposal, which needs to be approved by EU governments and lawmakers, comes after firms worldwide became vulnerable to hostile takeovers as share prices fell and there were fewer funding opportunities during the coronavirus crisis.The new facility could buy stakes in, or offer loans to, strategic companies in sectors such..