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Europe Daily Bulletin No. 8257

18 July 2002
Contents Publication in full By article 25 / 36
GENERAL NEWS / (eu) eu/transport
Rescue of SNCM (Corsica - Mediterranean)

Brussels, 17/07/2002 (Agence Europe) - On Wednesday the European Commission authorised aid in the form of a EUR 22.5 million loan to rescue the Société nationale maritime Corse-Méditerranée (SNCM), which will have to be repaid. The aid is to be granted by the French state via the 100% state-owned Compagnie générale maritime et financière. The interest rate is the reference rate published by the Commission. It is intended to keep the SNCM afloat until it is restructured under the...

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