The European Commission found on Friday 26 August that Italy’s plan to allow the transfer of certain state-guaranteed loans to a newly created platform managed by AMCO S.p.A. did not involve state aid.
The scheme, according to the institution, provides for a market-oriented remuneration for the Italian State. In addition, the sale of loans to the AMCO-managed platform and any new loans granted by the platform will be in line with market conditions.
Italy has notified its intention to...