Commission Decision (EU) 2024/3031 of 11 June 2024 on the regional State aid SA.63470 (2022/C) (ex 2021/N) which Hungary is planning to implement for GKN Automotive Hungary Kft. (previously Rubin NewCo 2021 Kft.) (notified under document C(2024) 3925)

Decision (EU) 2024/3031 · Decision · 3 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 1

1. The State aid which Hungary is planning to implement in favour of GKN Automotive Hungary Kft. (previously Rubin NewCo 2021 Kft.), amounting to HUF 15 917,4 million (EUR 43.76 million) in discounted value is incompatible with the internal market. 2. The aid may accordingly not be implemented.

Article 2

Hungary shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with it.

Article 3

This Decision is addressed to Hungary.

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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