| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/36 (23.1.13) |
| Publication Date | 23/01/2013 |
| Content Type | News |
|
The European Commission has concluded that certain public support measures granted to Schouten-de Jong Bouwfonds (SJB) by a public private partnership (PPP), consisting of the Dutch municipality of Leidschendam-Voorburg and SJB, constitutes state aid that is incompatible with EU rules. These measures consist of the reduction of an agreed sales price for building land and the waiver of agreed fees for SJB. The Commission has found that the measure clearly provides SJB with an economic advantage over its competitors, which the company would not have obtained in normal market circumstances. In order to remedy the distortion of competition brought about by this undue advantage, SJB now needs to pay back the aid with interest. |
|
| Source Link | http://europa.eu/rapid/press-release_IP-13-36_en.htm |
| Subject Categories | Internal Markets |
| Countries / Regions | Netherlands |
