Reported 4 months ago
Germany's second largest coal mining company, Lausitz Energie Bergbau AG, is expected to receive around €1 billion in compensation for shutting down its fossil operations as part of a deal with the European Commission. Originally promised €1.75 billion by the government for mine rehabilitations and closures, the approval is imminent following doubts from Brussels' competition enforcers. The state aid review draft decision is set to be issued soon, although the aid amount may change.
Source: YAHOO