Brussels, 06/03/2013 (Agence Europe) - On 6 March, the European Commission opened two in-depth investigations to find out whether state aid from Greece for Hellenic Defence Systems SA (HDS) and Larco General Mining and Metallurgical, two struggling companies in the process of being privatised, complies with EU state aid rules.
HDS is 99.8% owned by the Greek state and has been struggling since 2004 or earlier. The aid is a direct state subsidy of €10 million, cash of €158 million and...