JOC Staff | Jan 23, 2013 11:56AM EST
The European Commission has opened an investigation into whether some public support measures granted by Portugal in favor of the shipyard Estaleiros Navais de Viana do Castelo comply with European Union state aid rules.
In a preliminary assessment by the commission, it appears that ENVC may have benefited from several aid measures in the past worth more than 180 million euros (about US$239.1 million). The commission “has doubts” that these measures were carried out on terms that a private operator would have accepted under market conditions.
The investigation also provides third parties an opportunity to comment on the measures under assessment.
