96/515/ECSC: Commission Decision of 27 March 1996 concerning aid granted by Italy to Altiforni e Ferriere di Servola, an ECSC company in special administration, located in Trieste, Italy (Only the Italian text is authentic) (Text with EEA relevance)

• Articles: 4

Article 1

The State aid in the form of a State guarantee covering an amount of Lit 26,5 billion granted from 5 May until 30 June 1993 under Article 2a of Italian Law No 95/1979 by the Italian State to AFS without being subject to payment of a premium is illegal and incompatible with the common market for coal and steel, within the meaning of Article 4 of the ECSC Treaty.

Article 2

The aid is equivalent to the premium which AFS should have paid under normal market conditions for a guarantee similar to that granted by the State. Italy shall recover the aid from the recipient company.

Repayment shall be made in accordance with the procedure and provisions of Italian law, with interest based on the reference rate used in the assessment of regional aid schemes, starting to run on the date on which the aid was granted until the date of effective reimbursement.

Article 3

The Italian Government shall inform the Commission, within two months of the date of notification of this Decision, of the measures taken to comply herewith.

Article 4

This Decision is addressed to the Italian Republic.

Done at Brussels, 27 March 1996.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ No L 362, 21. 12. 1991, p. 57.

(2) OJ No C 242, 19. 9. 1995, p. 4.

(3) Commission letters to Member States SG(89) D/4328 of 5 April 1989 and SG(89) D/12772 of 12 October 1989.