The European Commission announced, on Friday 24 November, that it considered that the gratuitous transfers of certain rail infrastructure assets between 2007 and 2011 between the companies of the incumbent Italian operator, the Ferrovie dello Stato group (“FS group”), complied with European law.
This announcement comes in the wake of an investigation opened by the Commission in March 2014 into the legality of public aid granted by FS group entities.
From 2000 to 2001, Italy...