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Europe Daily Bulletin No. 8404

21 February 2003
Contents Publication in full By article 19 / 39
GENERAL NEWS / (eu) eu/state aid
Commission investigates Herlitz (stationery)

Brussels, 19/02/2003 (Agence Europe) - The European Commission has initiated the formal investigation procedure with respect to various aid measures to Herlitz PBS AG a leading German stationery manufacturer. These measures were notified by Germany as rescue aid but the Commission has doubts about this on several levels. In financial difficulty, Herlitz AG, the parent company, Herlitz PBS AG as well as other subsidiaries, filed for insolvency in 2002. Germany informed the Commission that...

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