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State Aid

PR(09)76: Formal investigation procedure with regard to alleged state aid granted by the Port of Reykjavik

30.10.2009

Today, the EFTA Surveillance Authority decided to open the formal investigation procedure with regard to alleged state aid granted by the Port of Reykjavik. The case was brought to the attention of the Authority by a complaint concerning several transactions involving the Port of Reykjavik and its subsidiaries.

In today's decision, the Authority expresses doubt with regard to two transactions whereby the Port of Reykjavik bought shares in the two Icelandic companies Dráttarbrautir Reykjavíkur and Stálsmiðjan-Slippstöðin (later Hafnarhús ehf). The Authority is in particular in doubt as to whether the price paid by the Port reflects the market price of those companies.

The Authority has at the same time concluded that several other measures by the Port of Reykjavik and its subsidiaries do not amount to state aid within the meaning of the EEA Agreement.

A decision to open the formal investigation procedure is without prejudice to the final decision to be adopted by the Authority. The opening decision will be published in the EEA Section of the Official Journal of the European Union and the EEA Supplement thereto, inviting interested parties to comment within one month from the date of publication. The Authority will take its final decision after having reviewed comments from the Icelandic Government and from any other interested parties.    

 

For further information, please contact:

Ms. Marie Wiersholm,
Competition and State Aid Directorate
tel. (+32)(0)2 286 18 65

 

 

Brussels, 30 October 2009




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