CELEX: E2001C1206(02)
Language: en
Date: 2001-07-27 00:00:00
Title: EFTA Surveillance Authority decision to close the case without further action

Important legal notice

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E2001C1206(02)

EFTA Surveillance Authority decision to close the case without further action  

Official Journal C 344 , 06/12/2001 P. 0009 - 0009

EFTA Surveillance Authority decision to close the case without further action(2001/C 344/09)Date of adoption: 27 July 2001EFTA State: IcelandAid No: SAM 090.300.002Title: Alleged aid to Iceland Post and Telecom LtdSector: TelecommunicationsLegal basis: Law on the establishment of Iceland Post and Telecom Ltd (Act No 103/1996)Amount of aid: Undervaluation of assets transferred from the former Post and Telecom Administration to the newly established company Iceland Post and Telecom Ltd amounting to ISK 3,8 billion (approximately EUR 43 million); exemption from stamp duty amounting to ISK 42,5 million (approximately EUR 480000)Other measures: Reduction of obligations towards the Government Employees' Pension Fund not constituting aidOther information: Icelandic Government adopted measures to recover aid from Iceland Telecom Ltd (successor of Iceland Post and Telecom Ltd) with interestA copy of the decision, from which all confidential information has been removed, may be obtained in the authentic language version from the EFTA Surveillance Authority