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Image header Agence Europe
Europe Daily Bulletin No. 9402
Contents Publication in full By article 18 / 34
GENERAL NEWS / (eu) eu/state aid

Commission approves €38 million state aid plans for paper factory in Setubal, Portugal

Brussels, 05/04/2007 (Agence Europe) - On Wednesday 4 April, the European Commission authorised tax reductions worth €38 million which the Portuguese government intends to give to the company 'About the Future', a subsidiary of the Portucel Soporcel group, for the creation of a new production plant for uncoated woodfree paper in Setúbal. The Commission's investigation found the aid to be compatible with the single market, as it met the requirements of the regional aid guidelines and the...

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