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Europe Daily Bulletin No. 7758

14 July 2000
Contents Publication in full By article 25 / 45
GENERAL NEWS / (eu) eu/state aid
European Commission opens investigation into purchase of Juliana and Cadiz shipyards by Spanish State

Brussels, 13/07/2000 (Agence Europe) - The European Commission has opened an investigation into the acquisition by Sociedad Estatal de Participaciones Industriales (SEPI) of the Juliana and Cadiz shipyards and the diesel engine plant Manises, owned by its subsidiary Astilleros Espanoles (AESA), for some 60 million euro (PTA 10 billion). The European competition services fear that, instead of being achieved under normal market conditions, this purchase should have the nature of a capital...

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