Press Release: State aid: Commission decides Nürburgring racetrack in Germany received incompatible state aid

After an in-depth investigation, the European Commission concluded that public support measures in favour of the racetrack, leisure park and hotels at Nürburgring in Germany were incompatible with EU state aid rules and gave the companies then owning or operating them an undue competitive advantage. The beneficiary companies were all in insolvency proceedings. The Commission had also found that their assets had been sold in an open and transparent tender at their market value. The buyer was therefore not liable to pay back the incompatible aid.

ESO: Background information: State aid: Commission extends in-depth investigation into aid granted to Nürburgring racetrack in Germany http://www.europeansources.info/record/press-release-state-aid-commission-extends-in-depth-investigation-into-aid-granted-to-nurburgring-racetrack-in-germany/

Deutsche Welle, 01.10.14: EU declares Nürburgring state aid illegal http://dw.de/p/1DOBG

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