Brief: Vigo Photonics Gets Decision From EC Approving Max. Amount Of Public Aid For Company's Project

Vigo Photonics SA

12/06/2023 16:29

June 12 (Reuters) - Vigo Photonics SA  VGOP.WA :
    * GETS DECISION FROM EUROPEAN COMMISSION APPROVING AMOUNT OF
PUBLIC AID FOR COMPANY'S PROJECT IMPLEMENTED UNDER  IMPORTANT
PROJECTS OF COMMON EUROPEAN INTEREST IN MICROELECTRONICS AND
COMMUNICATION TECHNOLOGIES
    * DECISION APPROVES MAX. LEVEL OF PUBLIC AID UNDER PROJECT
AND
DOES NOT MEAN GRANTING SUBSIDY TO COMPANY
    * TOTAL VALUE OF PROJECT'S ELIGIBLE COSTS AMOUNTS TO EUR
253.4
MILLION
    * MAXIMUM VALUE OF PUBLIC AID APPROVED BY EUROPEAN
COMMISSION MAY
AMOUNT TO EUR 102.9 MILLION
    * DECISION ON GRANTING COMPANY SUBSIDY AND DETERMINING FINAL
AMOUNT OF SUBSIDY WILL BE MADE AS PART OF COMPETITION PROCEDURE

Source text for Eikon:  ID:nEM4xnMgba 
Further company coverage:  VGOP.WA 

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