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Ferrovie del Sud Est bailout was illegal state aid, EU court says

( December 19, 2019, 10:23 GMT | Official Statement) -- An Italian bailout of bus and rail company Ferrovie del Sud Est in 2016 constituted state aid, the EU's top court said today. Rival companies Arriva Italia, Ferrotramviaria SpA Consorzio and Trasporti Aziende Pugliesi had complained that the 70 million-euro government bailout and restructuring program breached EU state aid rules, and denied them an opportunity to bid for the failing company.The judgment is attached. The case reference is C-385/18. ...

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