14/07/2011 (Agence Europe) - Investigation into aid for restructuring of TRAINOSE, the Greek railway company. On Wednesday 13 July, the European Commission opened an in-depth investigation to verify whether restructuring measures in favour of the Greek state-owned railway company, TRAINOSE, are in line with EU state aid rules. The measures, which amount to around €1.2 billion, provide for debt write-offs, asset and employee transfers, a capital increase, compensation for the discharge of the company's public service obligations and the establishment of service level agreements with OSE, the railway infrastructure manager. The Commission considers at this stage that Athens has not demonstrated that the measures were exempt from state aid or could be considered compatible with internal market regulations in accordance with common EU criteria. (O.L./transl.jl)