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THE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union (‘TFEU’), and in particular the first subparagraph of Article 108(2) thereof,Having regard to the Agreement on the European Economic Area, and in particular Article 62(1), point (a), thereof,Having called on interested parties to submit their comments pursuant to these provisionsnote and having regard to their comments,Whereas:
HAS ADOPTED THIS DECISION:
Article 1#
1.The State aid which Hungary is planning to implement in favour of GKN Automotive Hungary Kft. (previously Rubin NewCo 2021 Kft.), amounting to HUF 15917,4 million (EUR 43.76 million) in discounted value is incompatible with the internal market.
2.The aid may accordingly not be implemented.
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