According to Reuters, citing a European Union official, Germany has withdrawn a $US56 million aid package to DaimlerChrysler.
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Citing the official, the news agency said the EU Commission, the bloc’s executive arm which polices state aid, has ceased its probe into the aid following a notification from Germany that the package has been withdrawn.
“After the Commission decided to open the state aid procedure on October 9 last year Germany decided to withdraw the notification,” a spokesman for European Competition Commissioner Mario Monti told Reuters.
According to Reuters, the Commission said in October it was investigating Germany’s plan to grant around $56.19 million in regional aid to a DaimlerChrysler investment in Berlin, which it suspected was illegal state aid.
The planned aid was part of a $202 million investment in a new factory in Berlin, which the Commission said aimed to create 729 permanent jobs, Reuters noted.
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