FRANCE – STATE AID
July 1st, 2005
BY KEITH NUTHALLTHE PAYMENT of Euro 197 million (GBPounds 136 million) by the French government to state-owned printer Imprimerie Nationale (IN) has been approved by the European Commission. The money will restructure the business, in commercial trouble because of a general downturn in France's printing sector since 2001 and losing a contract to produce France Télécom telephone directories; this, said the Commission had "contributed to the severe contraction in its cash flow". The resulting restructuring will see IN withdraw completely from rotary and sheet ...
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