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Equity is often the only sustainable source of financing for a large number of the fastest growing EU companies as they often do not have the positive cash flows needed to service debt, they lack the assets to borrow via secured finance, or they are unable to get a rating, or lack the operational capacity to tap the public securities markets yet.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.