The European Commission will
formally announce Wednesday the opening of a probe into State
aid to the troubled ILVA steelmaker the Italian government is
trying to clean up and revamp, sources aid Tuesday. The probe
will cover the issue of the aid not being notified, among other
things, the sources said. European Competition Commissioner
Margrethe Vestager has informed EU authorities of the
initiative, they said. According to the sources, however, the
probe will only concern aid to production and not aid for the
environmental clean-up at the highly polluting plant at Taranto.
A government decree funnelled money into ILVA last year to save
jobs while cleaning up the works, which have been linked to high
cancer rates in the Puglia city.
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