ANNOUNCEMENT 01 Mar 2016In March 2016, the government of France announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 1 March 2016, the European Commission announced that the bail out worth 17.5 million EUR granted by France to road-haulage company MoryGlobal was incompatible with EU law.
The bail out was initially granted on 11 February 2014 in the form of a 10 million EUR capital increase and a 7.5 million EUR convertible bonds. Despite this state aid, MoryGlobal was placed into liquidation on 31 March 2015.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.