Juncker Plan supports the rural economy in Spain

The Investment Plan for Europe – the Juncker Plan – has backed part of a €610 million European Investment Bank (EIB) Group guarantee to Spanish bank Cajamar. 

The guarantee provides better access to finance for small businesses and entrepreneurs in Spain's rural areas and enables more investments in agri-food projects. 

Some 15,000 rural businesses are set to benefit from this agreement. Commissioner Phil Hogan, responsible for Agriculture and Rural Development, said: "With €46 billion of additional investment mobilised in Spain, the Juncker Plan is already a success story in the country."]

Hogan added,"This new agreement will bring EU support to small and medium businesses and entrepreneurs in rural areas, where a helping hand is much needed. 

"The rural economy is a green goldmine and I'm glad that the Juncker Plan helps fulfil its potential." 

As of December 2018, the European Fund for Strategic Investments (EFSI) at the heart of the Juncker Plan had already mobilised €371.2 billion of investment across Europe, including €46 billion in Spain.

 European Commission has approved, under the EU Merger Regulation, the acquisition of Costa Coffee of the UK by The Coca Cola Company of the US. 

Costa Coffee operates coffee shops and hot beverage vending machines mainly in the UK, Ireland and Poland and sells packaged, roast and ground coffee and other ingredients. 

The Coca Cola Company owns and licensees various trademarks used to market non-alcoholic beverages, produces soft drink concentrate and syrups that it supplies to its bottlers and is responsible for the consumer marketing of beverages sold under its trademarks. 

The Commission concluded that the proposed acquisition would raise no competition concerns because the companies do not sell the same products and the links between their activities are limited. The operation was examined under the normal merger review procedure.

The Commission has also approved, under the EU Merger Regulation, the acquisition of joint control over Peggy Holdco of the UK by Macquarie Group (“Macquarie”) of Australia and MML UK Partners (“MML”) of the UK. 

Peggy Holdco owns ParkingEye, a carpark management company active in the UK. Macquarie is a global provider of banking, financing, advisor, investment and funds management services. MML is a private equity firm. The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. The transaction was examined under the simplified merger review procedure.

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Martin Banks

Martin Banks

Martin Banks is a highly qualified journalist with many years experience of working within the EU institutions. He is an occasional, and highly valued, contributor to EU today, writing on a wide variety of issues.

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