2008/848/EC: Commission Decision of 16 July 2008 on State aid C 14/07 (ex NN 15/07) implemented by Italy for NGP/SIMPE (notified under document number C(2008) 3528) (Text with EEA relevance)

• Articles: 3

Article 1

The State aid granted which Italy has implemented for the restructuring plan of NGP/SIMPE, amounting to EUR 20,87 million, is compatible with the common market within the meaning of Article 87(3)(c) of the Treaty, subject to the conditions set out in Article 2.

Article 2

Italy shall ensure that the following conditions are fulfilled:

(a)

SIMPE will limit the annual production of polyester polymer for PET to 110 000 tonnes from the date of the Commission decision approving the aid until 31 December 2012;

(b)

by the end of February of the following year, Italy will provide the Commission with information on the quantities of polyester polymer produced and sold each year by SIMPE, and this until 31 December 2012;

(c)

Italy undertakes to refrain from granting any type of State aid to SIMPE and NGP or to any other firm or going concern controlled or otherwise belonging to the same group, following the Commission decision authorising the aid, until 31 December 2012.

Article 3

This Decision is addressed to the Italian Republic.