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Europe Daily Bulletin No. 10860

6 June 2013
Contents Publication in full By article 25 / 28
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Aid for Sonaca gets go-ahead

Brussels, 05/06/2013 (Agence Europe) - On 5 June 2013, the European Commission approved a plan by the Walloon Region of Belgium to convert into equity a residual claim of €43.5 million held against the Belgian aeronautics company Sonaca, in which the Region has a 92.29% holding. The Commission did not consider that this conversion constituted state aid because a private investor would have taken the same action in the same circumstances. Belgium showed that forced liquidation of Sonaca...

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ECONOMY - FINANCE - BUSINESS