Press Release: State aid: Commission opens in-depth investigations into support for short‑term export-credit companies Ducroire and SACE BT

The European Commission has opened in-depth investigations to examine whether capital injections granted to Ducroire of Belgium, on the one hand, and SACE BT of Italy, on the other hand, by their respective State-owned parent entities, were in line with EU state aid rules. The Commission will assess, in particular, whether the parents, Belgium's ONDD and SACE, acted as normal market economy investors and provided the capital on market terms. Ducroire and SACE BT provide short-term export-credit insurance. The opening of an in-depth investigation allows interested third parties to comment on the measures under assessment. It does not prejudge the outcome of the procedure.