Italian companies probed over aid

Bains, Elizabeth
May 2007
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p10
Trade Publication
The article reports on an investigation launched by the European Commission into state aid worth €20.87 million. The grant was awarded to Italian chemicals firms NGP and Simpe in 2006. The funds were used to finance the restructuring of NGP's polymerisation assets under Simpe. The commission is investigating whether the companies contributed 50% of the restructuring costs themselves and whether compensatory measures were taken to offset any competition distortion.


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