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EU: Regulators clear Hamburger Rieger aid to probe Rehau funding

By  |  June 13, 2016

EU regulators approved on Monday 33 million euros in German state aid granted to paper maker Hamburger Rieger and launched an investigation into 4 million euros of funding given to polymer processor Rehau .

The European Commission said the Hamburger Rieger state support complied with the bloc’s rules as the company plans to use an innovative technology to expand its production capacity.

The EU competition enforcer said it doubted whether a proposal by Swiss-based Rehau AG+Co to replace an existing paint shop in Viechtach, Bavaria met the innovation criterion to qualify for state aid.

Full Content: Reuters

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