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Commission approves State aid for Groupe Bull

Acting on a proposal from Mr. Karel Van Miert, the Member of the Commission with special responsibility for competition policy, the Commission decided to authorize State aid to the computer manufacturer Groupe Bull, in the form of an injection of capital by the French governme...
Acting on a proposal from Mr. Karel Van Miert, the Member of the Commission with special responsibility for competition policy, the Commission decided to authorize State aid to the computer manufacturer Groupe Bull, in the form of an injection of capital by the French government.

Bull is a broad-based French computer group which manufactures and distributes computers (its own proprietary computers, open systems and personal computers), and supplies computer services (assistance, maintenance and programming).

The Commission initiated proceedings in 1993, in respect of a capital injection of FF 2.5 billion, and in 1994, in respect of a capital injection of FF 8.6 billion, including FF 3.1 billion which, in accordance with the Boussac judgment, has not yet been paid over because the Commission has initiated proceedings.

A plan for the restructuring of Groupe Bull was studied by the Commission's own staff and by an outside consultant specialized in the computer industry, in order to establish whether it satisfied the requirements laid down in the Community guidelines on State aid for rescuing and restructuring firms in difficulty. These guidelines, which the Commission approved in July, set out strict conditions on which companies may qualify for restructuring aid. They are based on the Commission's own experience and the cases decided by the Court of Justice.
DE

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