1999/598/EC: Commission Decision of 4 May 1999 on the state aid which Portugal is planning to grant to Companhia de Têxteis Sintéticos, SA (Cotesi) (notified under document number C(1999) 1268) (Only the Portuguese version is authentic) (Text with EEA relevance)

• Articles: 2

Article 1

The state aid which the Portuguese Republic plans to grant to Companhia de Têxteis Sintéticos, SA (Cotesi) in the form of an outright grant of EUR 318446 and a subsidy of EUR 2565418 repayable at zero interest over a period of five years with a grace period of 18 months is compatible with the common market.

Article 2

This Decision is addressed to the Portuguese Republic.

Done at Brussels, 4 May 1999.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ C 94, 30.3.1996, p. 11.

(2) OJ C 405, 24.12.1998.

(3) See footnote 2.

(4) OJ L 86, 20.4.1995, p. 50.

(5) See footnote 1.

(6) By letter SG(94) D/5991 dated 2 May 1994.