Brussels, 11/10/2007 (Agence Europe) - On Thursday 11 October, the European Commission opened an in-depth investigation to establish whether the changes to the restructuring plan of Huta Stalowa Wola (“HSW”), a Polish industrial machinery company, was compatible with EC Treaty state aid rules.
In 2006, the Commission authorised restructuring aid for HSW amounting to €173 million, but HSW modified its restructuring plan without notifying the change to the Commission. Changes made by...