Brussels, 05/06/2002 (Agence Europe) - The European Commission has closed its investigation of two Italian State aid schemes which favoured public undertakings. The measures providing for income tax exemptions and the possibility to contract reduced-interest loans were considered as State aid, whereas the tax exemptions on the transfer of assets for the transformation of "aziende municipalizzate" into joint stock companies was authorised.
Following a complaint lodged by an Italian...