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Commission finds aid for Finnish property company Ålands Industrihus incompatible with EU State aid rules and orders recovery

  • Mayer Brown LLP
  • -
  • European Union, Finland
  • -
  • July 18 2011

On 13 July 2011 after careful investigation, the Commission found that financing granted by the local government of Åland to Ålands Industrihus Ab, a state-owned commercial property company, was well below market prices and amounted to a subsidy that is not allowed under EU State aid rules