90/224/EEC: Commission Decision of 24 May 1989 on aid granted by the Italian Government to Aluminia and Comsal, two State-owned undertakings in the aluminium industry (Only the Italian text is authentic)

• Articles: 3

Article 1

The two aids in the form of interest-free loans to be converted into equity capital amounting to Lit 70 000 million and Lit 30 000 million, granted by the Italian Government to the undertakings Aluminia and Comsal, are incompatible with the common market within the meaning of Article 92 (1) of the EEC Treaty given that these aids have been granted in breach of the provisions of Article 93 (3) of that Treaty and of the conditions laid down in the Commission's decision of 17 December 1986.

The said aids shall therefore be abolished by the Italian Government and recovered from the recipient undertakings.

The Italian Government may not convert the two loans of Lit 70 000 million and Lit 30 000 million into equity capital.

Article 2

The Italian Government shall inform the Commission within two months of the date of notification of this decision of the measures it has taken to comply therewith.

Article 3

This decision is addressed to the Italian Republic.

Done at Brussels, 24 May 1989.

For the Commission

Leon BRITTAN

Vice-President

(1) Gazzetta Ufficiale della Repubblica Italiana No 301, 30. 12. 1986, supplemento ordinario n. 1.

(2) Gazzetta Ufficiale della Repubblia Italiana No 245 of 20. 10. 1987, p. 35.

(3) Bull EC 9, 1984, 3.5.1.