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Europe Daily Bulletin No. 8280

22 August 2002
Contents Publication in full By article 11 / 24
GENERAL NEWS / (eu) eu/state aid
Investigation into restructuring aid to SNCM

Brussels, 21/08/2002 (Agence Europe) - On Wednesday the Commission decided to open a formal investigation procedure into the proposed restructuring aid to Société Nationale Corse-Méditerranée (SNCM). The French Government plans to recapitalise the company (SNCM operates maritime services between Marseille, in the south of France, and the island of Corsica) with an injection of €76 million. So far the main points of France's restructuring plan consist of an 18% reduction in services, a...

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