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Europe Daily Bulletin No. 8471

28 May 2003
Contents Publication in full By article 18 / 34
GENERAL NEWS / (eu) eu/state aid
Commission takes two decisions on state aid procedures to some public shipyards in Spain

Brussels, 27/05/2003 (Agence Europe) - On Tuesday, the European Commission extended the formal investigation concerning the potential grant of further restructuring aid to public Spanish shipyards. The Commission intends to clarify whether a sum of € 515 million was granted to the public yards that today are owned by the IZAR group. The potential aid apparently took the form of capital injections and loans, namely: loans amounting to € 194.4 million to the three public shipbuilding...

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