The Société nationale Corse Méditerranée (SNCM or National Corsican Mediterranean Company), which serves the island of Corsica (as well as Sardinia, Algeria and Tunisia) via ferries, will have its fate determined in September. The EU Court of Justice (ECJ) will rule on its appeal and France’s appeal concerning €440 million in state aid received in 2002, then during its privatisation in 2006, which the European Commission had approved.
Seized by SNCM’s rival, Corsica Ferries, judges from the EU’s court had…
Court to rule on aid to SNCM in September
25 juillet 2014 à 15h57