88/468/EEC: Commission Decision of 29 March 1988 on aids granted by the French Government to a farm machinery manufacturer at St Dizier, Angers and Croix (International Harvester/Tenneco) (Only the French text is authentic)

• Articles: 3

Article 1

The aid granted by the French Government in 1985 and 1986 to International Harvester/Tenneco France in the form of a grant of FF 40 million, an interest subsidy on an equity loan of 135 million, equal to the difference between the market interest rate and the repayment of the equity loan are illegal for breach of the rules of procedure provided for in Article 93 (3) of the EEC Treaty. The aids are also incompatible with the common market within the meaning of Article 92 of the EEC Treaty. Article 2

The French Government shall abolish and recover the aids referred to in Article 1.

Article 3

The French Government shall inform the Commission within two months of the measures taken to comply with this Decision.

Article 4

This Decision is addressed to the French Republic.

Done at Brussels, 29 March 1988.

For the Commission

Peter SUTHERLAND

Member of the Commission

(1) OJ No L 192, 20. 7. 1984, p. 35.