33Where the private investor test is to be applied to several consecutive measures of State intervention, the Commission must examine whether those interventions are so closely linked that they are inseparable from one another and that therefore those interventions must, for the purposes of Article 107(1) TFEU, be regarded as a single intervention (see, to that effect, judgment in Bouygues and Bouygues Télécom v Commission, paragraph 27 above, EU:C:2013:175, paragraph 103).
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