European Commission Approves French State Aid Regime for Buyout of Company by Employees

The European Commission (EC) Nov. 4 approved amendments to the French state aid regime granting tax credits for the purchase of a company by its employees. The regime provides tax credits for companies that are specially created to purchase all or part of a company’s capital. The amendments will: 1) eliminate the minimum number of employees required to claim the credit; and 2) allow a single acquiring employee to benefit from the company’s capital. The EC held that the amendments comply with EU state aid rules. [European Union, European Commission, 11/04/19]

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