Engie: disputes having received State aid from Luxembourg

(CercleFinance.com) - In a statement issued in the early afternoon, Engie announced that it acknowledges the decision taken by the European Commission, made today against Luxembourg.


It has asked the Grand Duchy to recover 120 million euros of tax benefits, which are considered illegal, that were granted to Engie.

In reaction, it said, "Engie has fully complied with the applicable tax legislation and considers that it has not benefited from a State aid. In addition, ENGIE was transparent by requesting, from the Luxembourg authorities, a ruling confirming its correct interpretation of Luxembourg law."

"ENGIE will assert all its rights to challenge the State aid classification considering that the Commission did not demonstrate that a selective tax advantage was granted. Therefore, ENGIE will apply for annulment of this Commission's decision before the competent courts."


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