98/212/EC: Commission Decision of 16 April 1997 on the aid granted by Italy to Enirisorse SpA (Only the Italian text is authentic) (Text with EEA relevance)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
The State aid granted by Italy in the period 1992 to 1996 in favour of Enirisorse S.p.A., in the form of recapitalisations amounting to ITL 1 819 billion and aimed at its restructuring in accordance with the plan is compatible with the common market and the EEA Agreement by virtue of point (c) of Article 92(3) of the Treaty and point (c) of Article 61(3) of the Agreement, provided that the Italian Government complies with the conditions laid down in Articles 2 and 3 of this Decision.
Italy shall comply with its commitment to privatise the remaining companies and production sites of Enirisorse S.p.A. and to commence the final liquidation of Enirisorse S.p.A. The privatisations shall take place by 31 December 1998. The proceeds obtained by these privatisations shall not be used to invest in other companies owned by ENI but shall be used to defray any further liquidation costs of Enirisorse S.p.A.
1. Italy shall cooperate fully with the monitoring of this Decision by the Commission, and shall provide the Commission with half-yearly reports, including in particular: (a) the progress of the outstanding privatisations and the proceeds derived from them; (b) the progress of the final liquidation of Enirisorse S.p.A. and any further liquidation costs; (c) an update on the financial situation of Enirisorse S.p.A. 2. The first report shall reach the Commission by 1 October 1997 and the reports thereafter shall be submitted at six-monthly intervals.
This Decision is addressed to the Italian Republic. Done at Brussels, 16 April 1997. For the Commission Karel VAN MIERT Member of the Commission (1) OJ C 102, 4. 4. 1996, p. 11. (2) [1991] ECR I-1443, at paragraph 21. (3) OJ C 368, 23. 12. 1994, p. 12. (4) OJ C 307, 13. 11. 1993, p. 3. (5) [1991] ECR I-1443, at paragraph 21. (6) OJ C 368, 23. 12. 1994, p. 12.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.