The European Commission has approved an investment aid in the form of a corporate tax relief and a soft loan to the tune of Euro150 mln to Repsol subsidiary Repsol Polimeros SA for setting up of two new plants to produce polypropylene and linear density polyethylene in Alentejo, Portugal. The project will be spread over three years (2007-2010).
The Commission's investigation found the aid to be compatible with the rules governing the EU single market.
13-Jul-07 
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