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CNIM's EUR40 million French rescue loan gets EU approval

( March 18, 2021, 11:31 GMT | Official Statement) -- MLex Summary: France has secured European Commission approval for its plan to grant a 40 million-euro rescue loan to CNIM. The company makes industrial equipment used in the defense, energy and environment sectors. The measure is aimed at helping CNIM face liquidity constraints it is experiencing due to difficulties suffered by its subcontractors, by equipping it to come up with a restructuring plan to ensure it can continue to operate, the commission said.Statement follows. ...

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