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Europe Daily Bulletin No. 7804

22 September 2000
Contents Publication in full By article 15 / 40
GENERAL NEWS / (eu) eu/state aid
Commission revokes decision ordering recovery of aid from Sniace SA (Spain)

Brussels, 21/09/2000 (Agence Europe) - The European Commission has decided to revoke a negative decision taken in 1998 concerning measures in favour of Sniace SA, a Spanish viscose and synthetic fibres producer. The Commission had initially estimated that the measures taken constituted illegal aid. Sniace had concluded an agreement with the public authorities of its country on the deferral of social security debts with interest rates that did not correspond to those on the market, as well as...

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