Press Release: State aid: Commission extends in-depth investigation into aid granted to Nürburgring racetrack in Germany

Author (Corporate)
Series Title
Series Details IP/12/891 (08.8.12)
Publication Date 08/08/2012
Content Type

The European Commission has extended the scope of an in-depth investigation opened in March 2012 under EU state aid rules regarding a set of aid measures supporting the racetrack and leisure park at Nürburgring in Germany.

The extension concerns several additional financial measures aimed at avoiding an immediate insolvency of the companies concerned. At this stage, the Commission has doubts that the measures were granted on market terms and that the companies are viable without continued state support. The extension of an in-depth investigation gives interested third parties an opportunity to comment on the additional measures under assessment; it does not prejudge the outcome of the investigation.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/891&format=HTML&aged=0&language=EN&guiLanguage=en
Subject Categories
Countries / Regions ,