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

By  |  March 22, 2012

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.

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)