The Commission's approval of the agreement will enable the Italian Government sh
ortly to honour the remaining external debts of th
e holding company EFIM and its subsidiaries, which have been placed in liquidation. On 23 December 1992 the Commission had decided to initiate proceedings under Article 92(2) of the EEC Treaty against EFIM, the liquidated state-owned holding company of a diversified industrial group with 37 000 employees whose subsidiaries include SIV (glass), Agusta (helicopters) and Alumix (aluminium); the proceedings were extended on 26 Jan
...[+++]uary 1993.
La Commission avait décidé le 23 décembre 1992, puis étendu le 26 janvier 1993, une procédure au titre de l'article 92.2 du Traité CEE à l'encontre du holding d'Etat en liquidation EFIM ; groupe industriel diversifié employant 37 000 personnes et comprenant notamment parmi ses filiales SIV (verre), Augusta (hélicoptères), Alumix (aluminium).