State Aid: Spain

United Kingdom

The Commission has adopted a decision declaring illegal aid granted by Spain to the company Hijos de Andrés Molina SA due to the fact that it was granted before the Commission had decided on its compatibility at the draft stage. Moreover, it declared it incompatible with the common market within the meaning of Article 92(1) of the Treaty, without fulfilling the conditions for exemption provided for in Article 92(2) and (3). The aid existed in the form of guarantees, loans and remission of debts by State organisations. Spain must, without delay, terminate the loan contracts and revoke the guarantees concerned. (OJ L193 26.07.99)