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29 Jun
16:05

EC extends probe into Hungarian state aid for Samsung SDI

The European Commission has extended its probe on whether Hungarian state aid for a Samsung SDI battery plant in the country followed EU competition rules. The in-depth investigation on the €108 million ($128.4m) public support grant to the South Korean battery manufacturer for investing in the expansion of its battery cell production facility in Göd, Hungary, started in October 2019. At the time, Commissioner Margrethe Vestager said that public investm…
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