Brussels, 15/12/2004 (Agence Europe) - The Commission has opened a formal investigation procedure into possible State aid to the Czech steel producer Tøinecké železárny (TZ). It was particularly interested in transactions carried out in April 2004 by the Czech government, which may include incompatible elements of aid. In fact, as TZ has been in profit since 1997, the company was not included on the list of companies entitled to restructuring aid (this list is part of the national...