Press Release: State aid: Commission orders repayment of EUR2.4 million subsidy paid to Componenta Corporation in Finland

The European Commission on 24 October 2005 decided that a transaction between the city of Karkkila, Finland, and Componenta Corporation violated EC Treaty rules that forbid state aids liable to distort competition within the Single Market (Article 87). The aid of € 2.4 million was granted without prior Commission approval and must be recovered from Componenta with interest.