The EU Commission approves €80 million Finnish recapitalisation measure to support a national shipyard in the context of Russia’s war against Ukraine (Meyer Turku)

State aid: Commission approves €80 million Finnish recapitalisation measure to support Meyer Turku Oy in the context of Russia's war against Ukraine* The European Commission has approved a €80 million Finnish recapitalisation measure to support Meyer Turku Oy, the largest national shipyard in Finland, in the context of Russia's war against Ukraine pursuant to Article 107(3)(b) TFEU and in line with the principles set out in the Temporary Crisis Framework adopted by the Commission on 23 March 2022 and amended on 20 July 2022 and on 28 October 2022. The Finnish measure Meyer Turku Oy is one of the Europe's leading shipbuilding companies and the largest national shipyard in Finland in terms of turnover associated with production and employment as well as relevance for direct and indirect

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  • European Commission - DG COMP (Brussels)

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European Commission, The EU Commission approves €80 million Finnish recapitalisation measure to support a national shipyard in the context of Russia’s war against Ukraine (Meyer Turku), 19 December 2022, e-Competitions December 2022, Art. N° 110214

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