Commission Decision (EU) 2020/1472 of 20 March 2020 on the State aid SA.39078 – 2019/C (ex 2014/N) which Denmark implemented for Femern A/S (notified under document C(2020) 1683) (Only the English text is authentic) (Text with EEA relevance)

• CELEX: Decision (EU) 2020/1472
• Articles: 3

Article 1

The measures consisting of the depreciation of assets, the fiscal loss carry forward, the joint taxation regime, the railway fees, the use of State property, free of charge, and the State guarantees for the derivatives do not constitute State aid in favour of Femern A/S in the sense of Article 107(1) of the Treaty on the Functioning of the European Union.

Article 2

The measures consisting of capital injections and a combination of State loans and State guarantees in favour of Femern A/S, which Denmark at least partially put into effect unlawfully, constitute State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union. Following the modification of those measures as set out in the revised notification, they are compatible with the internal market on the basis of Article 107(3)(b) of the Treaty on the Functioning of the European Union.

Article 3

This Decision is addressed to the Kingdom of Denmark.