Brussels, 10/10/2001 (Agence Europe) - In concluding the formal state aid investigation procedure launched in December 2000, the European Commission has found that aid of some EUR 13.6 million (DEM 26.6 million) to Zeitzer Maschinen, Anlagen, Geräte ZEMAG GmbH is incompatible with the common market. It therefore decided on Wednesday that Germany must recover the aid with interest since the date of its award.
ZEMAG is situated in Sachsen-Anhalt (East Germany). It develops and manufactures...