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Image header Agence Europe
Europe Daily Bulletin No. 9238
Contents Publication in full By article 28 / 39
GENERAL NEWS / (eu) eu/state aid/energy

Commission rejects restructuring aid for Kliq

Brussels, 24/07/2006 (Agence Europe) - On 20 July the European Commission decided that according to EC Treaty state aid rules it had to reject plans for €45 million of restructuring aid, which The Netherlands intended to grant to KG Holding N.V. (Kliq). (Kliq was a Dutch government agency until 2002, after which it was transformed into a company. Kliq specialised in labour reintegration services). Even though The Hague and Commission had approved a rescue aid package of €45 million for Kliq in 2003, the company has since gone bankrupt. The Commission concluded that the restructuring plan would not have enabled Kliq to return to profitability, even had the company not gone bankrupt.

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