Press Release: State aid: Commission gives the Walloon Region permission to convert a €43.5 million claim against Sonaca into equity

The European Commission has approved a plan by the Walloon Region to convert into equity a residual claim of €43.5 million held against the Belgian aeronautics company Sonaca, in which the Region has a 92.29% holding. The Commission did not consider that this conversion constituted State aid because a private investor would have taken the same action in the same circumstances.