Press Release: State aid: Commission clears financing of Polish Nauta Shipyard

After an in-depth investigation, the European Commission concluded that the acquisition of bonds worth PLN 120 million (around €40 million) of Nauta Shipyard by the State-owned Polish Industrial Development Agency (IDA) was in line with EU state aid rules.

The Commission found that the bonds were acquired on market terms and therefore did not give Nauta an undue economic advantage. As a result, the financing does not constitute state aid in the meaning of EU rules.

• Primary Source

European Commission, Rapid: Press Release IP/12/41: State aid: Commission scrutinises state funding of purchasers of Polish shipyards' assets http://europa.eu/rapid/press-release_IP-12-41_en.pdf

European Commission, Rapid: Press Release IP/12/841: State aid: Commission finds the loan by Poland for Crist Shipyard is not aid http://europa.eu/rapid/press-release_IP-12-841_en.pdf

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