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Europe Daily Bulletin No. 8015

27 July 2001
Contents Publication in full By article 27 / 40
GENERAL NEWS / (eu) eu/state aid
Commission opens inquiry into restructuring and privatisation of mixed shipyard KSG in the Netherlands

Brussels, 26/07/2001 (Agence Europe) - The European Commission has decided to open a formal State aid investigation procedure on measures taken by the Dutch authorities to support restructuring of Koninklijke Schelde Groep (KSG) and the subsequent sale of the company to Damen Shipyards for a symbolic florin. The measures concern capital injections of EUR 47.7 million and an interest-free loan of EUR 20.4 million for the relocation of the military activities of the yard. The Commission doubts...

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