Commission Decision (EU) 2024/2864 of 24 November 2023 on SA.32179 (2014/C) – Sta... (32024D2864)
Commission Decision (EU) 2024/2864 of 24 November 2023 on SA.32179 (2014/C) – State aid measures in favour of Trenitalia SpA and FS Logistica SpA – Italy (notified under document C(2024) 7891)
- COMMISSION DECISION (EU) 2024/2864
- of 24 November 2023
- on SA.32179 (2014/C) – State aid measures in favour of Trenitalia SpA and FS Logistica SpA – Italy
- (notified under document C(2024) 7891)
- (Only the English text is authentic)
- (Text with EEA relevance)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION OF THE FS GROUP AND THE CONTEXT OF THE MARKET OPENING
- 2.1.
- The reorganisation of the FS Group
- 2.2.
- Description of FS subsidiaries concerned by the Commission investigation
- 2.2.1.
- RFI
- 2.2.2.
- Trenitalia
- 2.2.3.
- FS Logistica
- 2.3.
- Background on the liberalisation of rail transport in the Union and in Italy
- 2.3.1.
- In the Union
- 2.3.2.
- In Italy
- 3.
- DESCRIPTION OF THE MEASURES UNDER INVESTIGATION
- 3.1.
- Description of the transfers of assets (‘the asset transfers’ or ‘the measures’)
- 3.2.
- Description of assets transferred to Trenitalia
- 3.3.
- Description of the assets transferred to FS Logistica
- 4.
- GROUNDS FOR OPENING THE FORMAL INVESTIGATION PROCEDURE
- 4.1.
- Existence of State aid
- 4.1.1.
- State resources
- 4.1.2.
- Economic advantage
- 4.1.3.
- Selectivity
- 4.1.4.
- Distortion of competition and effect on trade
- 4.1.5.
- Preliminary conclusion
- 4.2.
- Compatibility of aid
- 5.
- COMMENTS FROM ITALY
- 5.1.
- Compliance of the asset transfers with Union sectorial rules
- 5.2.
- Absence of State aid in the transfer of assets
- 5.2.1.
- Imputability
- 5.2.2.
- State resources
- 5.2.3.
- Economic advantage
- 5.2.3.1.
- General considerations
- 5.2.3.2.
- Studies from independent experts submitted by Italy
- (1) The April 2019 PwC study concerning the transfer of assets to Trenitalia and FS Logistica
- (2) The December 2019 PwC study concerning the transfer of assets to Trenitalia
- (3) The E.CA study
- 5.2.4.
- Distortion of competition
- 6.
- COMMENTS FROM INTERESTED PARTIES
- 6.1.
- FS
- 6.1.1.
- Observations regarding the transfer processes
- 6.1.2.
- Observations regarding the business rationale of the asset transfers
- 6.1.3.
- Observations regarding compliance with EU rules
- 6.1.4.
- Observations regarding compliance with company law and accounting rules
- 6.2.
- Community of European Railways (CER)
- 6.3.
- FerCargo
- 6.3.1.
- On the asset transfers
- 7.
- OBSERVATIONS FROM ITALY ON THIRD PARTY COMMENTS
- 7.1.
- Observations on FerCargo’s submission
- 8.
- ASSESSMENT OF THE MEASURES
- 8.1.
- Existence of aid
- 8.1.1.1.
- Applicability of the MEO test
- 8.1.1.1.1. Italy did not act as public authority
- 8.1.1.1.2. The nature and subject matter of the measures
- 8.1.1.1.3. The objective pursued and the context of the measures
- 8.1.1.1.4. Conclusion on the applicability of the MEO test
- 8.1.1.2.
- Application of the MEO test
- 8.1.1.2.1. Methodological approach
- 8.1.1.2.2. MEO test
- 8.1.1.2.3. MEO test: robustness and sensitivity analyses
- 8.1.1.2.4. Conclusion on the application of the MEO test
- 8.1.1.3.
- Conclusion on the existence of aid
- 9.
- CONCLUSION
- Article 1
- Article 2
- Article 3
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