The EU Commission orders the recovery of a State aid granted by the German government in the shipbuilding sector (Bremer Vulkan)

Tilmans, Madeleine

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22 Jul 1998

The EU Commission orders the recovery of a State aid granted by the German government in the shipbuilding sector (Bremer Vulkan)

KEYWORDS

Reference

EU Commission, Bremer Vulkan, Case C1998/2405, 22 July 1998

"Germany - Aid to shipbuilding - Misuse of restructuring aid for MTW and Volkswerft in the Bremer Vulkan Group. The Commission decides that the aid must be recovered"* On 22 July 1998 the Commission adopted a final negative decision concerning the misuse of DEM 788.7 millions (ECU 400 millions) of aid in undertakings of the former Bremer Vulkan Group, which had been granted for the restructuring of MTW Schiffswerft in Wismar and Volkswerft Stralsund Bremer Vulkan Verbund AG had acquired these two shipyards in East Germany in 1992 and 1993 from Treuhandanstalt. For their restructuring and

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Author

Madeleine Tilmans
European Commission - DG COMP (Brussels)

Belgium 52 contributions 9633 visits

Quotation

Madeleine Tilmans, The EU Commission orders the recovery of a State aid granted by the German government in the shipbuilding sector (Bremer Vulkan), 22 July 1998, e-Competitions July 1998, Art. N° 39367

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