Brussels, 31/07/2014 (Agence Europe) - On Thursday 31 July, the European Commission concluded that certain aid measures that the Walloon Region granted to Val Saint-Lambert SA (VSL) (which has been in liqudiation since October 2013) conferred on the company an undue economic advantage over its competitors, and must be repaid.
The Commission opened an in-depth investigation in February 2013. The investigation revealed that the sale of VSL real estate involved measures granted by SOGEPA (a...