Brussels, 24/07/2000 (Agence Europe) - The European Commission opened a formal investigation procedure concerning a management service contract concluded between BvS (Bundesanstalt fur Vereinigungsbedingst Sonderaufgabe), the new German privatisation office having succeeded the Treuhand, its subsidiary Gröditzer Stahlwerke and the steel making company Georgmarienhutte (GMH).
Privatised in 1997, Gröditzer was the property of GMH from then until mid-1999. During this period, Gröditzer paid...