87/303/EEC: Commission Decision of 14 January 1987 on an FIM (Industrial Modernization Fund) loan to a brewery (Only the French text is authentic)

• Articles: 3

Article 1

The FIM loan of FF 40 million, containing elements of aid within the meaning of Article 92 (1) of the EEC Treaty in view of the interest subsidy of 4,75 percentage points, granted to a brewery and notified to the Commission by letter dated 30 April 1985, was granted unlawfully in infringement of Article 93 (3) of the Treaty and is incompatible with the common market within the meaning of Article 92 of the Treaty.

Article 2

The aid in question must be recovered and the French Government shall inform the Commission within two months from the date of notification of this Decision of the measures it has taken to comply therewith.

Article 3

This Decision is addressed to the French Republic.

Done at Brussels, 14 January 1987.

For the Commission

Peter SUTHERLAND

Member of the Commission

(1) OJ No L 216, 13. 8. 1985, p. 12.