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EC Statement: Commission examines the financing of the two Spanish agro-food companies "El Pozo Alimentacion" and "J. Garcia Carrion La Mancha."

( May 20, 2008, 13:35 GMT | Official Statement) -- Extract: The European Commission has launched two formal investigations under the EC Treaty state aid rules into the investment aids in favour of the two agro-food companies "El Pozo Alimentacion" and "J. Garcia Carrion La Mancha.The European Commission has launched two formal investigations under the EC Treaty state aid rules into the investment aids in favour of the two agro-food companies "El Pozo Alimentacion" and "J. Garcia Carrion La Mancha." The Commission expresses its doubts as to the compatibility of the aids for not containing an incentive element required under the applicable legislation....

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