- Volume 10 (2011), Issue 2
- Vol. 10 (2011), No. 2
- >
- Pages 237 - 248
- pp. 237 - 248
Private Investor Principle: What Benchmark and Whose Money?
I. Introduction Article 345 of the Treaty on the Functioning of the European Union requires neutrality in the treatment of public and private undertakings and in the treatment of public and private investors. One of the implications of this provision is that public authorities are at liberty to invest in undertakings. Public authorities may extend loans, inject capital, subscribe to shares or purchase outright any company. However, Article 107(1) TFEU