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Image header Agence Europe
Europe Daily Bulletin No. 13304
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

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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