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EC OPENS MALÉV GROUND HANDLING STATE AID PROBE

 

The European Commission said it has opened an in-depth investigation to assess whether some 21 million euros granted by Hungarian state-owned entities to Malév Ground Handling constitute state aid and whether they comply with EU rules for aid to troubled companies. The EC noted that Malév Ground Handling had been granted a series of favourable financing measures by the Hungarian National Asset Management Company (MNV), state-owned Tiszavíz and the Hungarian Development Bank (MFB) since its former parent company Malév, Hungary’s national carrier, went bust in 2012. Malév Ground Handling is now owned by MNV. The EC launched the probe after Malév Ground Holding competitor Budport lodged a complaint.