Press Release: State aid: The Commission opens an in-depth investigation into restructuring of SeaFrance

Author (Corporate)
Series Title
Series Details IP/11/768 (22.6.11)
Publication Date 22/06/2011
Content Type

The European Commission has opened a formal investigation to examine whether the EUR 223 million recapitalisation plan for SeaFrance by the SNCF is compatible with EU rules on state aid.

The Commission will consider in particular whether the company can realistically become viable in the long term without public support and whether its participation in the restructuring costs is sufficient. SeaFrance provides maritime transport services (passengers and freight) on the Calais-Dover route. The opening of an investigation gives third parties the opportunity to comment and does not prejudge the outcome of the procedure.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/768&format=HTML&aged=0&language=EN&guiLanguage=en
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