Press Release: State aid: Commission opens in-depth inquiry into state measures in favour of Hellenic Defence Systems S.A.

The European Commission has opened an in-depth investigation to find out if State support measures granted by Greece in favour of Hellenic Defence Systems S.A. (HDS, or Ellinika Amyntika Systimata A.E. – EAS in Greek) comply with EU state aid rules. These measures include a direct grant by the State of €10m, a capital increase of €158m and several State guarantees for loans of up to €942m during the period 2004-2011.

• Primary Source

European Commission: DG Competition http://ec.europa.eu/competition/index_en.html

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