CELEX: 62015CA0472
Language: en
Date: 2017-11-23 00:00:00
Title: Case C-472/15 P: Judgment of the Court (Ninth Chamber) of 23 November 2017 — Servizi assicurativi del commercio estero SpA (SACE), Sace BT SpA v European Commission, Italian Republic (Appeal — State aid — Export credit insurance — Reinsurance cover provided by a public undertaking to its subsidiary — Capital contributions to cover the subsidiary’s losses — Notion of State aid — Imputability to the State — Private investor test)

22.1.2018   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 22/2
            
         Judgment of the Court (Ninth Chamber) of 23 November 2017 — Servizi assicurativi del commercio estero SpA (SACE), Sace BT SpA v European Commission, Italian Republic
   (Case C-472/15 P) (1)
   
   ((Appeal - State aid - Export credit insurance - Reinsurance cover provided by a public undertaking to its subsidiary - Capital contributions to cover the subsidiary’s losses - Notion of State aid - Imputability to the State - Private investor test))
   (2018/C 022/02)
   Language of the case: Italian
   
      Parties
   
   
      Appellants: Servizi assicurativi del commercio estero SpA (SACE), Sace BT SpA (represented by: M. Siragusa and G. Rizza, avvocati)
   
      Other parties to the proceedings: European Commission (represented by: L. Flynn, G. Conte and D. Grespan, acting as Agents) Italian Republic (represented by: G. Palmieri, acting as Agent, and S. Fiorentino, avvocato dello Stato)
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Dismisses the appeal;
            
         
               2.
            
            
               Orders Servizi assicurativi del commercio estero SpA (SACE) and Sace BT SpA to bear their own costs and to pay those incurred by the European Commission in the appeal;
            
         
               3.
            
            
               Orders the Italian Republic to bear its own costs.
            
         
      (1)  OJ C 381, 16.11.2015.