TITLE

Italian companies probed over aid

AUTHOR(S)
Bains, Elizabeth
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25424532

 

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