France details new 12.8 million euros aid for autos and aero sectors

FILE PHOTO: French Finance and Economy Minister Bruno Le Maire, German Finance Minister Olaf Scholz and Spanish Economy Minister Nadia Calvino speak on the sideline of the Informal Meeting of Ministers for Economics and Financial Affairs in Berlin, Germany, September 11, 2020. Kay Nietfeld/Pool via REUTERS

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Monday that 13 projects would receive a combined 12.8 million euros ($15 million) in investment to help the country’s automobile and aeronautics sectors modernise and deal with the impact of COVID-19.

Le Maire said in a statement that the 12.8 million euro investment package would include 9 million euros in subsidies.

($1 = 0.8511 euros)

Reporting by by Matthieu Protard; Editing by Hugh Lawson