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Image header Agence Europe
Europe Daily Bulletin No. 8959
Contents Publication in full By article 24 / 46
GENERAL NEWS / (eu) eu/state aid

Investigation into sale of British betting company, Tote

Brussels, 01/06/2005 (Agence Europe) - The European Commission has opened a formal investigation under EC Treaty state aid rules to examine UK Government plans to sell the Tote, a British betting operator, to Racing, a consortium representing the various parts of the UK horseracing sector. The Commission believes that the envisaged sale might involve substantial state aid to Racing and has doubts whether the aid favouring racing and betting activities is necessary and proportionate. The...

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