Brussels, 09/03/2012 (Agence Europe) - The European Commission is requiring that €642 million paid out in illegal state aid to French company Sernam, a former subsidiary of the railway incumbent SNCF specialising in logistics and transport, be repaid to the French state.
An in-depth investigation confirmed the allegations made in several complaints to the Commission that in violation of a decision taken in 2004, Sernam had failed to repay €41 million received in illegal state aid when...