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Image header Agence Europe
Europe Daily Bulletin No. 9522
Contents Publication in full By article 20 / 34
GENERAL NEWS / (eu) eu/state aid

In-depth inquiry launched into subsidy for French domestic appliances manufacturer FagorBrandt

Brussels, 12/10/2007 (Agence Europe) - On 11 October, the European Commission launched an in-depth investigation to establish whether a €31 million subsidy that the French authorities are planning to grant to French domestic appliances manufacturer, FagorBrandt, is compatible with the EC Treaty rules on state aid to struggling firms. The Commission is also concerned that the subsidy may be used to finance the repayment of €22.5 million of unlawful aid FagorBrandt received in 2002. The...

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