EU to investigate Hungarian state aid for Samsung SDI's battery cell plant

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EU to investigate Hungarian state aid for Samsung SDI's battery cell plant
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EU antitrust regulators on Monday voiced doubts whether Budapest's plan to ...

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji

BRUSSELS - EU antitrust regulators on Monday voiced doubts whether Budapest’s plan to grant 108 million euros to Samsung SDI’s battery cell production facility in Hungary complies with the bloc’s state aid rules. The European Commission opened an investigation, saying that it has doubts whether the aid has an incentive effect and whether it will boost regional development. It also expressed concerns that the measure may lure jobs from other EU countries to Hungary.Reporting by Foo Yun Chee; editing by Jan Strupczewski

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