EC Statement: State aid - Commission finds aid for Finnish Property Company Ålands Industrihus incompatible with EU state aid rules; orders recovery
( July 13, 2011, 09:45 GMT | Official Statement) -- MLex Summary: The European Commission has ruled that several capital increases and guarantees for bank loans in favour of commercial property company Ålands Industrihus are incompatible with EU state aid law. The aid - granted by the local government for the development of the iTiden office park in the town of Mariehamn - was below market prices, the commission ruled.Full statement follows....
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