BRUSSELS ORDERS SARDINIAN METAL COMPANIES TO REPAY SUBSIDIES
February 2nd, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has ordered the recovery of electricity bill subsidies paid in Sardinia to three non-ferrous metal producers. Brussels had already decided that the handouts were illegal, but the decision to order their repayment follows long inquiries and arguments with the Italian government.
The Commission has now decided to act though - and told a zinc and lead producer Portovesme to repay Euro EUR12 million; aluminium maker Eurallumina EUR5million; and ILA, which makes processed aluminium products, EUR300,000.
The handouts fell foul ...
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