European Commission closes the preliminary investigation concerning alleged State aid to Alitalia following the accession of the Italian Post Office in capital of the company. The preliminary investigation had been opened in October 2013, When Poste Italiane SpA signed a capital increase by 75 million euros of Alitalia CAI. Two formal complaints had been lodged with the Commission. Last December 2014, the Commission informed the two subjects applicants that had emerged from the measurement object of complaints does not seem to constitute aid within the meaning of article 107 (1), of the Treaty on the functioning of the European Union (TFEU).
“In fact,” We read about Daily News of Europes Committee, “the evidence collected by the Commission as part of the investigation suggest that Poste Italiane has made an investment in the same condition in which you would find two private operators in a similar situation ( the so-called transaction pari passu). Public intervention may be considered exempt from State aid within the meaning of EU rules when they are carried out in the same terms that a private investor would have accepted under market conditions (the principle of the market economy) .”
This position is not intended to be definitive, but a preliminary analysis carried out by European antitrust services based on information available at the moment and waiting for any additional comments on the part of the appellants. In the absence of a reaction of the applicants by the deadline, complaints will be considered withdrawn. The Commission has concluded its preliminary investigation.
Source: The Flight