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Europe Daily Bulletin No. 7871

29 December 2000
Contents Publication in full By article 19 / 38
GENERAL NEWS / (eu) eu/state aid
Commission authorises German aid for restructuring of Kranbau Köthen (a maker of cranes)

Brussels, 28/12/2000 (Agence Europe) - The European Commission has authorised the payment of state aid of DEM 27.8 million (EUR 14.2 million) to Kranbau Köthen GmbH. The aid is being granted to the firm by the Bundesanstalt für vereinigungsbedingte Sonderaufgaben (BvS) and the Land of Saxony-Anhalt. It is expected to lead to a successful restructuring of the firm in difficulty, which makes special cranes. Kranbau Köthen was founded in 1997 from one of the state-run enterprises in the...

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