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Europe Daily Bulletin No. 7638

21 January 2000
Contents Publication in full By article 27 / 55
GENERAL NEWS / (eu) eu/state aid

20/01/2000 (Agence Europe) - The European Commission has approved aid of DM 59 million (EUR 30 million) paid by Germany to Bau Union Ost, a group of construction companies based in Mecklenburg-Vorpommern, Germany (Hegemann group). The aid will finance a restructuring plan comprising a 50% reduction in personnel, the sale of regional branches and of one major subsidiary. The European competition services consider the aid remains limited to the minimum required for implementation of the plan...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION