GERMANY STATE AID

BY ALAN OSBORNTHE EUROPEAN Commission has ordered the repayment of Euro 7.83 million, (Pounds 4.8 million), of aid from the German textile company Neue Erba Lautex GmbH (NEL) and its parent company, the bankrupt Erba Lautex GmbH following a formal inquiry launched last summer.The Commission concluded that the group had been "artificially kept alive" by this new aid and by non-recovered aid of Euro 61.36 million, which had been declared incompatible in July 1999. Brussels said it "can not allow that a company, which has not repaid aid declared incompatible two and ...


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