The EU General Court holds that different interventions that aim to finance the same restructuring plan constitute a single measure (SeaFrance)

i) SeaFrance* When a public authority makes an investment in a financially troubled company, the State aid bells should start ringing. However, it is now a well-established principle of the case law on State aid that even when a public authority invests in a troubled company, there is not necessarily State aid if there is a reasonable prospect that the investment will turn the company around and generate a sufficient return. France appealed against Commission decision 2012/397 in which the Commission found that three measures in favour of shipping company SeaFrance were not compatible with the internal market and had to be recovered. SeaFrance was in financial difficulty. [Since then it went into bankruptcy.] The

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