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Commission to probe set of support measures for Nürburgring racetrack and leisure park

By  |  March 22, 2012
Commission to probe set of support measures for Nürburgring racetrack and leisure park

The European Commission has opened an in-depth investigation into several support measures totaling €524 million for the Nürburgring racetrack and leisure park in Germany. Aid in the form of loans, guarantees, capital increases and revenues from a gambling tax were granted by the German Land Rhineland Palatinate and by public undertakings controlled by the Land.

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    The investigation will determine whether the support was granted under terms that are more favorable than market conditions. The Commission will also look into whether measures for tourism and Formula 1 racing constitutes the kind of services that warrant exemption from state aid rules.

    Full content: EC Press Release

     

    Related content: The State Aid Action Plan: A Bold Move or a Timid Step in the Right Direction? (Frederic Jenny, ESSEC Business School)