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Europe Daily Bulletin No. 9915

6 June 2009
Contents Publication in full By article 18 / 25
GENERAL NEWS / (eu) eu/state aid
Commission approves Swedish state guarantees for Volvo cars

Brussels, 05/06/2009 (Agence Europe) - On Friday 5 June 2009, the European Commission authorised plans notified by Sweden to provide guarantees that would enable Volvo personvagnar (Volvo PV) to access loans from the European Investment Bank (EIB). Ten percent of state aid will be granted under market conditions, which means it does not therefore constitute state aid. The remaining 90% of the guarantees to be provided by Sweden meet the conditions of the Commission's temporary framework for...

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