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Europe Daily Bulletin No. 8051

20 September 2001
Contents Publication in full By article 26 / 36
GENERAL NEWS / (eu) eu/state aid
Commission considers capital injection to Enichem in 1994 is compatible with common market

Brussels, 19/09/2001 (Agence Europe) - The European Commission reached the conclusion that the capital injection of EUR 150 million granted in 1994 by ENI to its chemical subsidiary Enichem is conform to the guidelines for restructuring aid. It is not therefore State aid. In 1998, following an appeal procedure launched by BP Chemicals, the Court of First Instance had cancelled the decision whereby the Commission had ruled out the State aid nature of this injection without carrying out the...

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