Brussels, 08/12/2005 (Agence Europe) - The European Commission decided on 7 December to initiate formal investigation proceedings in respect of aid granted by SNCB to finance the restructuring of its subsidiary Inter Ferry Boats (IFB). Created in 1999, Inter Ferry Boats (IFB) is a limited company under Belgian law 89.03% of whose capital is held by SNCB, mainly engaged in the rail transport sector and support activities for that sector, such as the handling and storage of goods, the...