By L. Kalamara
[email protected]
A ruling by the Court of Justice of the European Union (CJEU) has ruled against an appeal by Larco metals works, in south-central Greece, to overturn a DG Competition decision demanding the return of 135 million euros in state aid.
The court ruling said Larco, a debt-laden industrial unit still included the Greek state’s portfolio, must pay the legal costs in the case.
The text of the ruling stressed that the appeal is improper due to a lack of legal interest by the applicant (Larco).
