Press Release: State aid: Commission endorses €68 million loan guarantee to rescue Italian domestic appliances producer Antonio Merloni

The European Commission authorised, under EC Treaty state aid rules, a €68 million loan guarantee to keep the Italian domestic appliances group Antonio Merloni afloat. The aid was in line with the EU Rescue and Restructuring Guidelines. In particular, it was limited in time and scope and will be remunerated at a price in line with normal market conditions. Moreover, within six months, Antonio Merloni will either repay the aid in full or present a plan for a long-term restructuring.