2007/414/EC: Commission Decision of 21 February 2007 on State aid — C 36/2004 (ex N 220/2004) — Portugal — Foreign direct investment aid for CORDEX, Companhia Industrial Têxtil S.A. (notified under document number C(2007) 474) (Text with EEA relevance)

• Articles: 2

Article 1

The notified tax incentive of EUR 401 795 that Portugal is preparing to grant to CORDEX, Companhia Industrial Têxtil S.A., for the purpose of financing its foreign direct investment in Brazil is incompatible with the common market since it does not fulfil the criteria laid down in Article 87(3)(c) of the EC Treaty.

Article 2

This Decision is addressed to the Portuguese Republic.