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Europe Daily Bulletin No. 7687

30 March 2000
Contents Publication in full By article 22 / 53
GENERAL NEWS / (eu) eu/state aid
Commission endorses German aid to Kvaerner Warnow Werf (naval shipyard) for 1999

Brussels, 29/03/2000 (Agence Europe) - The European Commission has reached the conclusion that the naval shipyard Kvaerner Warnow Werft respected its capacity limit in 1999. Therefore, no aid must be reimbursed for this period. The European executive authorised German State aid for its restructuring for the sum of DM 1.2 billion, paid between 1993 and 1995 to the company KWW, after its acquisition by the Norwegian group Kvaerner. However the authorisation was on condition of the respect of...

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