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Europe Daily Bulletin No. 9933

2 July 2009
Contents Publication in full By article 28 / 30
GENERAL NEWS / (eu) eu/state aid
Go-ahead for rescue aid to German retailer Quelle

Brussels, 01/07/2009 (Agence Europe) - On Tuesday 30 June, the European Commission approved a rescue aid loan of €50 million to Quelle GmbH which will be granted by the German Federal State and the Länder of Bavaria and Saxony. The loan was granted in order to cover the risk of return of goods sold by Quelle, a company specialising in consumer goods retail and mail order. This risk has increased since the company filed for insolvency in June, following difficulties experienced by parent...

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