Independent journal on economy and transport policy
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The EU commission temporary authorizes the distribution of an aid to German ship yard P+S Werften
draft of a subsidy of 152,4 million euros
July 11, 2012
The EU commission has authorized the distribution of an aid of the amount of 152,4 million euros to shipbuilding society German P+S Werften GmbH, company that are constituted in 2010 with the fusion of the yards Peene-Werft and Volkswerft Stralsund.
Specifying that the approval of the measure is of temporary character, sinché a position on the plan of restructure of the company will not be assumed who will have to be notified from Germany within six months, Brussels has specified that the aid is online with the communitarian norms as it is limited in the time and the scope.
The aid has the objective to resolve the problems of liquidity of the navalmeccanica society and to allow them to pay the creditors and to maintain in exercise the productive activity in its two ship yards, that is the plant Peene-Werft Wolgast and the plant Volkswerft Stralsund, until the performance of the restructure plan.
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