Press Release: State aid: The Commission approves changes to the restructuring plan of the Brodosplit shipyard

The European Commission authorised an amendment to the restructuring plan and the privatisation contract for Brodosplit, one of the Croat shipyards in difficulty. The amendment concerns a modest increase in the total amount of restructuring aid to Brodosplit, as well as additional compensatory measures. Croatia committed to sign the privatisation contract by 28 February 2013.

In line with EU guidelines on state aid for the rescue and restructuring of companies, any restructuring aid will be accompanied by compensatory measures in order to offset the impact of the aid on competition. The Commission has accepted the proposal by Croatia to further reduce the annual production ceilings for the yard. The Commission considered that these additional compensatory measures were sufficient in view of the relatively modest increase in the amount of restructuring aid requested for the yard.