ALERTS: STATE AID - EUROPEAN UNION - ITALY - RAIL TRANSPORT - NOTION OF STATE AID - PUBLIC UNDERTAKING - PRIVATE INVESTOR - NOTIFICATION

Notion of State aid: The Court of Justice ruled that both the allocation of a sum of money to a public undertaking in serious financial difficulties and the transfer of the entire shareholding held by a Member State in the capital of that undertaking to another public undertaking may be classified as ’State aid’ (Arriva Italia, Ferrotramviaria, Consorzio Trasporti Aziende Pugliesi)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. The Court of Justice ruled that both the allocation of a sum of money to a public undertaking in serious financial difficulties and the transfer of the entire shareholding held by a Member State in the capital of that undertaking to another public undertaking, without consideration but subject to the obligation on the latter to remedy the asset imbalance of the former undertaking, may be classified as 'State aid'. On 19 December 2019, the Court of Justice of the European Union delivered a judgment in Case C-385/18 (Arriva Italia Srl and others). concerning a reference for a preliminary ruling by the Italian Council of State on the interpretation

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Notion of State aid: The Court of Justice ruled that both the allocation of a sum of money to a public undertaking in serious financial difficulties and the transfer of the entire shareholding held by a Member State in the capital of that undertaking to another public undertaking may be classified as ’State aid’ (Arriva Italia, Ferrotramviaria, Consorzio Trasporti Aziende Pugliesi), 19 December 2019, Concurrences N° 1-2020, Art. N° 92713, www.concurrences.com

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