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Europe Daily Bulletin No. 9467

13 July 2007
Contents Publication in full By article 23 / 32
GENERAL NEWS / (eu) eu/state aid
Commission endorses proposed €150 million aid for chemical production plants in Portugal

Brussels, 12/07/2007 (Agence Europe) - On 11 July, the European Commission authorised investment aid worth €150 million which the Portuguese government intends to grant to Repsol Polimeros SA, a subsidiary of the Repsol group. The aid takes the form of a corporate tax relief and a soft loan for the establishment of two new plants that will produce polypropylene and linear polyethylene, both forms of plastic, in Alentejo, Portugal. The Commission's investigation found the aid to be...

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