Independent journal on economy and transport policy
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EU asks Kvaerner to pay back 500 mill Nkr
(The Norway Post)
July 9, 1999
The EU Commission has asked the Norwegian industrial concern Kvaerner to pay back investment aid worth 500 mill Nkr, which was granted the company when it purchased the German Warnow shipyard in 1997. The grants were earmarked for investments and for covering losses during the investment period.
However, investigations showed in the Commission's opinion that ...... Read more on The Norway Post
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