ALERTS: STATE AID – EUROPEAN UNION – BELGIUM – COMPATIBILITY – PRIVATE INVESTOR – CAPITAL INCREASE

Private investor: The General Court confirms, in the case of Belgian state aids to the steel sector, that the participation in a capital increase did not fulfill the private investor criterion (Duferco)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In the case of Belgian aid to the steel sector, the Court of First Instance of the European Union confirms that the participation of the Walloon Region in an increase in the capital of the Duferco group did not satisfy the private investor test. On 18 September 2018, the General Court of the European Union delivered a judgment in Case T-93/17 (Duferco Long Products SA v. European Commission). in whose favour it clarifies the application of the private investor test. In this case concerning aid granted by Belgium to several companies in the steel sector, it appears that the Walloon Region has granted financial support to the Duferco group, via the public

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Private investor: The General Court confirms, in the case of Belgian state aids to the steel sector, that the participation in a capital increase did not fulfill the private investor criterion (Duferco), 18 September 2018, Concurrences N° 4-2018, Art. N° 87976, www.concurrences.com

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