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Europe Daily Bulletin No. 8390

31 January 2003
Contents Publication in full By article 17 / 41
GENERAL NEWS / (eu) eu/state aid
Commission initiates procedure against France Telecom

Brussels, 30/01/2003 (Agence Europe) - The European Commission has launched a formal investigation into financial aid the French State is planning to grant its subsidiary in difficulty, France Telecom. It is a question of a shareholder's advance (the French State is the company's main shareholder, to the tune of 55%), in the form of a maximum credit line of 9 billion euro intended to help France Telecom repay its debts. On the same occasion, the Commission will examine the business tax...

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