Press Release: State aid: investment by the French fund FMEA in the Trèves group does not constitute state aid

After an in-depth investigation, the European Commission has concluded that the investment in May 2009 by the Fonds de modernisation des équipementiers automobiles (FMEA) in the French Trèves group did not constitute state aid under the European rules.

Trèves, an automotive supplier specialising in car interiors, found itself in difficulties as a result of the economic and financial crisis. The investigation of FMEA’s intervention found that the fund had complied with the principle of a prudent investor operating in a market economy.