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Europe Daily Bulletin No. 13304

1 December 2023
Contents Publication in full By article 25 / 40
ECONOMY - FINANCE - BUSINESS / State aid
For European Commission, AMCO’s involvement in rescue of Ferrarini does not constitute State aid
Brussels, 30/11/2023 (Agence Europe)

The European Commission concluded that the intervention of Asset Management Company S.p.A. (AMCO) as part of the pre-bankruptcy proceedings of the Italian food company Ferrarini S.p.A. did not constitute State aid within the meaning of European rules.

Ferrarini, which was in financial difficulty, had initiated pre-bankruptcy proceedings in 2019.

A consortium formed by the industrial company Pini Italia Srl and AMCO as a financial partner was able to reach an arrangement, accepted by the...

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