Brussels, 02/05/2013 (Agence Europe) - On Thursday 2 May, the European Commission ordered the repayment of €220 million in state aid by Société Nationale Corse-Méditerranée (SNCM) on the grounds that the aid from France breaches EU competition rules. Tough news for the struggling ferry company.
The Commission recently concluded an in-depth investigation following a complaint by SNCM's main competitor, Italy's Corsica Ferries. The Commission concluded 1) that public service...