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Europe Daily Bulletin No. 8276

14 August 2002
(eu) eu/state aid
Portuguese aid to Continental is cleared

Brussels, 13/08/2002 (Agence Europe) - The European Commission has informed the Swedish and Portuguese governments that its review of state aid granted to Mabor-Continental, the Portuguese subsidiary of the tyre manufacturer Continental, has provided no indication of a violation of EU competition rules. Based on information provided by the Portuguese government (explaining that the company is to receive a subsidy of around € 10 million and tax reductions in the same amount), the Commission...