According to Reuters, citing a European Union official, Germany has withdrawn a $US56 million aid package to DaimlerChrysler.
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polices state aid, has ceased its probe into the aid following a notification from Germany that the package has been withdrawn.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.
