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Image header Agence Europe
Europe Daily Bulletin No. 12650
Contents Publication in full By article 27 / 33
NEWS BRIEFS / State aid

Green light for €35 million support from Netherlands for AEB Holding

03/02/2021 (Agence Europe)On Wednesday 3 February, the European Commission approved the Dutch plan to grant restructuring aid of €35 million to AEB Holding N.V. (‘AEB’), a waste-to-energy company based in Amsterdam, which has been in difficulty since July 2019. In November 2019, the Commission approved a €80 million Dutch rescue loan for the company. Of the €80 million approved, only €35 million has actually been disbursed. As the rescue aid that was paid out was not repaid within 6 months of being granted, the Netherlands submitted a restructuring plan with aid (a loan of €35 million). The Commission found that by allowing AEB to continue its activities, the aid will avoid the interruption of waste treatment. (LC)

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