Bloomberg News

French Government Must Recover Aid to SNCM, EU Commission Says

May 02, 2013

The French government must retrieve public funds granted to Societe Nationale Corse-Mediterranee, a ferry company operating in the Mediterranean, the European Commission said in an e-mailed statement today.

Grants given to the company since July 2007 to operate ferry routes during peak periods breach European Union state aid rules, the commission said.

To contact the reporter on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

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


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