27/06/2022 (Agence Europe) – On Monday 27 June, the European Commission approved a €280.5 million recapitalisation measure in favour of Barna Steel S.A., the holding company of Celsa Spain. This measure was approved under the State aid Temporary Framework to implement the scheme approved by the Commission in July 2020. Since the individual aid amount is above the €250 million threshold laid down in the Temporary Framework, the measure had to be notified separately for individual assessment. Barna Steel S.A. is part of the Celsa Group, a private company based in Spain that recycles ferrous scrap and manufactures technological long steel products. The aid will consist of a recapitalisation measure in the form of a participating loan of €280.5 million. The Commission considered that the Spanish measure complied with the conditions of the Temporary Framework. (LC)