Brussels, 01/07/2011 (Agence Europe) - The European Commission launched an in-depth investigation on Friday 1st July to check whether a Spanish scheme for the purchase of ships involving leasing and financing through tax relief is compatible with EU rules on state aid.
This scheme enables maritime transport companies to purchase ships at prices 20-30% lower than the market price using a complex contractual and financial structure rather than directly from a shipyard. These complex...