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Europe Daily Bulletin No. 8426

22 March 2003
Contents Publication in full By article 29 / 37
GENERAL NEWS / (eu) eu/state aid
Commission approves rescue aid to BBP Service GmbH

Brussels, 21/03/2003 (Agence Europe) - On 19 March, the European Commission approved rescue aid in favour of BBP SERvice GmbH, Oberhausen, a German company in the services sector active in the field of energy production and subsidiary of Babcok Borsig AG. The aid notified, a State guarantee of 90% for two credit lines of a total of EUR 52.5 million, will allow BBP Service to continue its operations for six months giving the company time to decide on its future. The Commission reached the...

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