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Europe Daily Bulletin No. 11931

22 December 2017
Contents Publication in full By article 15 / 27
ECONOMY - FINANCE - BUSINESS / Competition
Two loans granted to ILVA in 2015 were illegal, says Commission
Brussels, 21/12/2017 (Agence Europe)

Two loans granted to the steel company ILVA S.p.A. by the Italian government in 2015 were illegal under EU state aid law, the European Commission announced on Thursday 21 December (see EUROPE 11551).  It has asked Italy to recover this undue advantage of nearly €84 million, not including interest.

This decision has no effect on the implementation of the essential environmental measures to fight pollution in ILVA’s premises at Taranto, the European institution states in a press...

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