Greece plans to liquidate Larco, one of Europe’s biggest nickel producers which is struggling under heavy debt, and then look for an investor for some of the company’s assets, its energy minister said on Friday.
The European Commission said in November it was taking Greece to the European Court of Justice (ECJ) over its failure to recover 135.8-million euros of illegal state aid to Larco.
The ECJ ruled in 2017 that Greece needed to recover the money, based on a Commission decision in 2014 related to capital injections and state guarantees.