Commission orders Belgium to recover €211 million from steel companies

EPA/OLIVIER HOSLET

Commission orders Belgium to recover €211 million from steel companies


The European Union ordered Belgium to recoup $230 million from the Duferco steel group because of illegal state aid that distorted competition.

The Commission has concluded that €211 million funding granted by the Walloon authorities in Belgium to several steel companies within the Duferco group between 2006 and 2011 distorted competition in breach of EU state aid rules.

Today's ruling was the second case in short succession in which the EU competition office went after Belgium after it or...


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