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Europe Daily Bulletin No. 10839

3 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) state aid
In-depth investigation into aid for Peugeot Citroën

Brussels, 02/05/2013 (Agence Europe) - On Thursday 2 May, the European Commission opened an in-depth investigation to determine whether the PSA group's restructuring plan is compatible with the European Union's state aid rules. The restructuring plan notified by France includes a guarantee of €7 billion as well as grants and repayable advances of €85.9 million. The plan forecasts return to viability in 2015 and a number of compensatory measures to limit distortions of competition. At...

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