The European Commission concluded that the intervention of Asset Management Company S.p.A. (AMCO) as part of the pre-bankruptcy proceedings of the Italian food company Ferrarini S.p.A. did not constitute State aid within the meaning of European rules.
Ferrarini, which was in financial difficulty, had initiated pre-bankruptcy proceedings in 2019.
A consortium formed by the industrial company Pini Italia Srl and AMCO as a financial partner was able to reach an arrangement, accepted by the...