Press releases and News :: State Aid: Commission opens investigation for Spanish aquaculture company
State Aid: Commission opens investigation for Spanish aquaculture company
(27/08/2012) The purpose of the aid notified by Spain is to modernize the facilities of the company Ultracongelados Antartidá, which processes aquaculture products and is part of the Group Pescanova.
The Commission is opening a formal investigation essentially because it has doubts in relation to the compatibility of this type of aid with the internal market in particular when large companies are concerned. Moreover, it is questioned whether the proposed public aid will act as an incentive to the company concerned to make an investment beyond what it would have done even in the absence of State aid. Spain and all interested parties are invited to provide comments on the Commission's position.