Bloomberg News

EU Regulators Drop Probe Into Polish Aid for Fiat Powertrain

January 16, 2012

Jan. 16 (Bloomberg) -- European Union regulators dropped a probe into Poland’s planned subsidies for Fiat Powertrain Technologies SpA after the country reduced the grant.

Poland “will reduce the aid amount in order to respect the limits,” the European Commission said in the EU’s Official Journal.

The EU authority began an investigation last year into Poland’s plans to grant aid of 40.9 million euros ($51.9 million) to help Fiat Powertrain build petrol engines in Silesia.

--Editor: Peter Chapman

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus