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Image header Agence Europe
Europe Daily Bulletin No. 7649
Contents Publication in full By article 27 / 45
GENERAL NEWS / (eu) eu/state aid

Investigation into German aid to KWW shipyard in Rostock

Brussels, 04/02/2000 (Agence Europe) - The European Commission has opened a formal investigation into surplus aid Germany has paid the shipyard of Kvaerner Warnow Werft (KWW), subsidiary of the Norwegian group Kvaerner. Between 1993 and 1995, the Commission approved aid for a total of DM 1.2 bn (637 million euro) for the privatisation and restructuring of the old East German shipyards of Rostock-Warnemunde. It has, however, lately noted that the KWW shipyard has received operating aid of DM...

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