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 this stage, the Commission intends to verify whether the assumptions underlying the restructuring plan to restore the company's long-term viability without continued state support are sufficiently realistic, in particular given recent trends on the car market. The Commission wishes to check that the compensatory measures are proportionate to the distortions of competition created by the grants awarded. (LC/transl.fl)