TITLE

Italian companies probed over aid

AUTHOR(S)
Bains, Elizabeth; Gibson, Jane
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business Americas;5/21/2007, Vol. 271 Issue 20, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the launch of an investigation by the European Commission into state aid granted to chemical firms NGP and Simpe. The funds were used for the restructuring of polymerization assets of NGP under Simpe. The Commission is looking whether the companies contributed 50% of the restructuring costs themselves and whether compensatory measures were taken to offset competition distortion.
ACCESSION #
25887894

 

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