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 Commission has now concluded that this aid conferred an unfair economic advantage on MoryGlobal and Mory Ducros. France will now have to recover the unlawful aid from MoryGlobal, which went into liquidation on 31 March 2015, so France will have to add the unlawful aid to be recovered to the list of debtors to be repaid from the company's assets. (Original version in French by Elodie Lamer)