Press Release: State aid: Commission orders recovery of illegal state aid from Italian maritime company Saremar

Author (Corporate)
Series Title
Series Details IP/14/59 (22.01.14)
Publication Date 22/01/2014
Content Type

After an in-depth investigation, the European Commission on 22 January 2014 concluded that part of the support measures that Sardinia had granted to the maritime company Saremar in 2011 and 2012 was incompatible with EU state aid rules.

In particular, a capital injection not approved on market conditions and the compensation for carrying out certain maritime services have provided an undue economic advantage to Saremar that its competitors did not have. Saremar needs to pay back this undue advantage of around €10.8 million in total, to remedy the distortion of competition this has created.

Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-14-59_en.htm
Subject Categories
Countries / Regions ,