BRUSSELS—European antitrust authorities have quietly closed a seven-year investigation into energy subsidies for Spanish industry, a move that potentially saves local companies billions of euros as the country tentatively emerges from a deep recession.
In a short notice on its website dated Feb. 4, the commission said Madrid’s decision to set artificially low electricity prices for industrial companies in 2005 “does not…
Read more here: EU Closes Spain Subsidy Probe
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