The EU Commission authorizes, subject to certain conditions, aid granted by the German government in favor of chemicals companies (Dow / Buna SOW Leuna Olefinverbund)

Tilmans, Madeleine

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26 May 1999

The EU Commission authorizes, subject to certain conditions, aid granted by the German government in favor of chemicals companies (Dow / Buna SOW Leuna Olefinverbund)

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Reference

EU Commission, Dow / Buna SOW Leuna Olefinverbund, 26 May 1999

"Germany - Commission, subject to certain conditions, decides to confirm its decision of May 1996 to authorize aid in favour of Dow/Buna SOW Leuna Olefinverbund GmbH (BSL)"* On 26 May 1999, the Commission decided to close the Article 88(2) proceeding, reopened on 10 December 1997, and to raise no objection against changes in aid of altogether DM 9.5 billion (€ 4.8 billion), which it had previously approved on 29 May 1996. The aid was awarded in the context of the privatisation of the chemical complex « Buna SOW Leuna Olefinverbund GmbH (BSL) « in the new German Länder

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Author

Madeleine Tilmans
European Commission - DG COMP (Brussels)

Belgium 52 contributions 9633 visits

Quotation

Madeleine Tilmans, The EU Commission authorizes, subject to certain conditions, aid granted by the German government in favor of chemicals companies (Dow / Buna SOW Leuna Olefinverbund), 26 May 1999, e-Competitions May 1999, Art. N° 39309

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