90/555/ECSC: Commission Decision of 20 June 1990 concerning aid which the Italian authorities plan to grant to the Tirreno and Siderpotenza steelworks (No 195/88-No 200/88) (Only the Italian text is authentic)

• Articles: 3

Article 1

The aid which the Italian authorities propose to grant to the Tirreno steelworks in the form of a subsidized loan of Lit 688 million over a period of nine years at a rate of 4,25 % and a subsidy of Lit 334 million is incompatible with the common market and may not be granted.

The aid which the Italian authorities propose to grant to the Siderpotenza steelworks in the form of a subsidized loan of Lit 1 020 million over a period of nine years at a rate of 4,25 % and a subsidy of Lit 765 million is incompatible with the common market and may not be granted.

Article 2

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

Article 3

This Decision is addressed to the Italian Republic.

Done at Brussels, 20 June 1990.

For the Commission

Leon BRITTAN

Vice-President

(1) OJ No L 38, 10.2.1989, p. 8.