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UMICY Umicore SA (PK)

3.62
-0.11 (-2.95%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Umicore SA (PK) USOTC:UMICY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.11 -2.95% 3.62 3.44 3.74 3.65 3.5565 3.62 372,724 21:06:11

EU Says Umicore, Belgium Tax Deal Not State Aid

26/05/2010 11:25am

Dow Jones News


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The European Commission Wednesday said a decade-old tax settlement between Belgian materials company Umicore SA (UMI.BT) and the Belgian government wasn't illegal state aid.

The settlement, reached in December 2000, changed a previous determination that Umicore owed EUR20 million in value-added tax. The agreement reduced that bill to EUR10 million due to rebates that Umicore was entitled to.

The commission said those rebates weren't state aid and closed its investigation.

-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487; matthew.dalton@dowjones.com

 
 

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