EU approves Poland's FSO state aid with condition

Newswire

BRUSSELS, Dec 20 (Reuters) - The European Commission said on Wednesday it had approved Poland's plans to grant carmaker FSO 78 million euros ($103 million) in state aid providing it caps production in the next few years. The aid is part of a restructuring plan after the carmaker was left out of a deal under which the operations of its bankrupt major shareholder Daewoo Motors were taken over by General Motors . The aid consists of 62 million euros in state guarantees and a further 16 ...

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