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Europe Daily Bulletin No. 11426

7 November 2015
Contents Publication in full By article 15 / 31
ECONOMY - FINANCE - BUSINESS / (ae) state aid
French aid for Mory Ducros and MoryGlobal ruled unlawful

Brussels, 06/11/2015 (Agence Europe) - On Friday 6 November, the European Commission announced that loans and other measures granted by the French state to Mory Ducros and its successor company MoryGlobal amount to state aid that is not compatible with EU rules.

In February 2014, MoryGlobal was given a public loan of €17.5 billion, on top of the French state paying for measures to help people laid off by Mory Ducros. After an in-depth investigation that began on 16 September 2014, the...

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