EU to OK 80 mln euro aid to Poland's FSO-source

Newswire

BRUSSELS, Dec 18 (Reuters) - The European Commission is set to approve Poland's plans to grant carmaker FSO around 80 million euros ($105 million) in state aid if it caps production in the next few years, a Commission source said on Monday. Poland wanted to provide state guarantees to FSO as part of a rescue 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 Commission is expected ...

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