Category: European Commission

European Commission – Mergers: Commission clears acquisition of parts of Rolls-Royce by Siemens

European Commission Press release Brussels, 4 August 2014 The European Commission has authorised under the EU Merger Regulation the proposed acquisition of Rolls-Royce’s aero-derivative gas turbine business, compressor activities and aftermarket services as well as Rolls Royce’s 50% stake in Rolls Wood Group, both of the UK, by Siemens of… …read more

European Commission – State aid: Commission approves resolution aid for Portuguese Banco Espírito Santo

European Commission Press release Brussels, 4 August 2014 The European Commission has found the resolution plan of the Portuguese Banco Espírito Santo S.A. (BES), including the creation of a Bridge Bank, to be in line with EU State aid rules. …read more

European Commission – State aid: Commission approves Greek financing of ELTA for transitory period (2013-2015) for universal postal service; opens in-depth investigation for 2016-2020

European Commission Press release Brussels, 1 August 2014 The European Commission has found direct subsidies granted by Greece to the state-owned postal incumbent Hellenic Post (ELTA) for the delivery of the universal service during a two-year or three-year transitory period (from 2013 until 2014 or 2015) to be in line… …read more

European Commission – State aid: Commission concludes that Belgian crystal producer Val Saint-Lambert received incompatible State aid; authorises the sale of some of its assets

European Commission Press release Brussels, 31 July 2014 The European Commission has concluded that certain aid measures that the Walloon Region granted to Val Saint-Lambert SA (VSL) have conferred on the company an undue economic advantage over its competitors, in breach of EU State aid rules. …read more