OpenLegislation

Article 1

United Kingdom

Original text. Later amendments are not shown.

The following measures subject to this Decision do not constitute State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union:

  1. (a)

    the transfer of the assets in the amount of EUR 1,1 billion seized during criminal proceedings against Ilva's previous owners implemented by the private settlement agreement reached with Ilva;

  2. (b)

    the Law Decree No 101/2013 of 11 August 2014 and its Article 12, paragraph 5, on pre-deductible loans as applied to a private EUR 250 million loan;

  3. (c)

    the settlement agreement concerning the amount of EUR 156 million reached between Fintecna and Ilva on 5 March 2015 based on Law Decree No 1/2015 from 4 March 2015.