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EU Investigates Italy Government Support to Bus Operator Simet

May 30 (Bloomberg) -- The European Commission opened a probe into whether financial support granted by the Italian government to bus operator Simet SpA is compatible with the 27-nation bloc’s state-aid rules.

“On the basis of available information, the commission has doubts that a public-service compensation is necessary to retroactively finance services that were provided years ago and for which it is not clear that there was a genuine public-service obligation,” the regulator said today in an e-mailed statement.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net

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