EU has no issues yet about UK’s Nissan deal, awaits information

European Union EU

The European Union’s competition chief stated on Monday she did not see any issues over a British assurance to Japanese automaker Nissan related to Brexit, however that she was still waiting for information to have more clearness about the case.

Nissan agreed last month to new UK investments after Prime Minister Theresa May guaranteed it the federal government would provide support to counter any loss of competitiveness brought on by Britain leaving the EU.

The European Commission consequently asked for more details.

European Competition Commissioner Margrethe Vestager, who ensures companies do not unjustly take advantage of aids granted by federal governments in the 28-country European Union, said British authorities had yet to offer the needed details.

“Before we understand more, we have no issues,” Vestager informed press reporters at the sidelines of the Chillin’ Competition Conference in Brussels.

Vestager can ask nationwide authorities to recover subsidies that breach the bloc’s rigorous state aid regulations. She has asked Ireland to claw back up to 13 billion euros ($13.8 billion) in back taxes from Apple.

The Netherlands, Belgium and Luxembourg have likewise been informed to recuperate millions of euros from various companies for prohibited sweetheart offers.

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