The EU Commission finds that public participation in an Austrian securitisation scheme is not a State aid

"Commission finds public participation in Austrian securitisation scheme is not State aid"* On 9 February 2006, the Commission authorised the public participation of Austria Wirtschaftsservice GmbH (aws), a public body that administers the award of grants to Austrian companies, in a bond portfolio set up by the private bank Investkreditbank AG for Austrian enterprises. The public participation will correspond to 10% of a € 300 million bond portfolio. Austria had notified the measure for reasons of legal certainty, but believed it did not involve State aid. In its decision, the Commission agreed with Austria’s assessment, concluding that the public participation indeed does not constitute

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Author

  • Agency for the Cooperation of Energy Regulators (ACER) (Ljubljana)

Quotation

Volker Zuleger, The EU Commission finds that public participation in an Austrian securitisation scheme is not a State aid, 9 February 2006, e-Competitions Bulletin February 2006, Art. N° 36564

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