Brussels, 12/05/2004 (Agence Europe) - The Commission has established that aid granted in 1999 and 2000 to Spanish shipyards, should be reimbursed. The Commission pointed out on Wednesday that aid cannot be authorised, following the measures already approved during restructuring in 1997, which allowed for aid of around EUR 1.38 bn on the condition that no other aid of this kind was granted.
The aid in question involves the State holding company Sociedad Estatal de Participationes...