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Europe Daily Bulletin No. 9636

5 April 2008
Contents Publication in full By article 22 / 41
GENERAL NEWS / (eu) eu/state aid
Commission asks France to recover unlawful aid from Arbel Fauvet Rail

Brussels, 04/04/2008 (Agence Europe) - On Friday 4 April 2008, the European Commission decided that the French authorities should recover illegal state aid received by Arbel Fauvet Rail, a manufacturer of railway rolling stock. The aid took the form of lower interest charged on two loans together worth €2 million granted to the company by French local authorities. The Commission's investigation found that the loans were granted at an interest rate lower than the rate the company would have...

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