Commission Decision (EU) 2015/1225 of 19 December 2012 regarding injections of capital by SEA SpA into SEA Handling SpA (Case SA.21420 (C 14/10) (ex NN 25/10) (ex CP 175/06)) (notified under document C(2012) 9448) (Only the Italian text is authentic)Text with EEA relevance

• CELEX: Decision (EU) 2015/1225
• Articles: 6

Article 1

The injections of capital made by SEA into its subsidiary SEA Handling for each of the financial years in the period 2002-2010, amounting to an estimated total of around EUR 359,644 million, not including recovery interest, constitute State aid within the meaning of Article 107 of the TFEU.

Article 2

That State aid was granted contrary to Article 108(3) of the TFEU and is incompatible with the internal market.

Article 3

1.   Italy shall recover the aid referred to in Article 1 from the beneficiary.

2.   The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary until their actual recovery.

3.   The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004  ( 79 ) .

Article 4

1.   Recovery of the aid referred to in Article 1 shall be immediate and effective.

2.   Italy shall ensure that this Decision is implemented within four months of its notification.

Article 5

1.   Within two months of the notification of this decision, Italy shall submit the following information to the Commission:

(a)

the total amount (capital and interest) to be recovered from the recipient;

(b)

a detailed description of the measures taken or planned in order to comply with this Decision;

(c)

documents demonstrating that the beneficiary has been ordered to repay the aid.

2.   Italy shall inform the Commission of the progress of national measures adopted in implementation of this Decision until the entirety of the aid referred to in Article 1 is recovered. Moreover, at the request of the Commission, Italy shall immediately submit any information relevant to measures taken or planned in order to comply with this Decision. It shall also provide detailed information regarding the amount of aid and interest recovered from the recipient.

Article 6

This Decision is addressed to the Italian Republic.