No 'L 166/60 Official Journal of the European Communities 16. 6. 89 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 30. November 1988 on aid decided by the Italian Government for investments in the public flat-glass - industry (Veneziana Vetro) (Only the Italian text is authentic) (89/373/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular the first subparagraph of Article 93 (2) thereof, - Having given notice in accordance with the above Article to -interested parties to submit their comments, and having regard to those comments, Whereas : In 1985, a regrouping took place -in the Italian public glass industry. The public holding Ente Participazioni e Finanziamento Industria Manufatturiera. (EFIM) took over . the shares held by another public holding Ente Nazionale Idrocarburi (ENI) in the glass -industries Societa Italiana Vetro (SIV), . Veneziana Vetro, Veneziana Conterie and Foschi. From 2 October. 1985 on, EFIM was the only shareholder in these companies. Within the framework of this new capital structure and following ministerial- instructions, SIV became the leader of the public-sector glass Group. The regrouping was completed on 28 July 1986, when SIV took over Veneziana Vetro from their- mutual shareholder EFIM. On 28 November 1985, the Italian Government authorized EFIM to issue bond loans in the amount of Lit 510 000 million, Lit 41000 million of which for investments in the glass industry ('). The legal basis for this authorization was Law-Decree 547 of .19 October 1985 () later converted into Law 749 of 20 December 1985 (%), earmarked for increasing investment funds in annual instalments corresponding to capital shares repaid by the State upon expiry. The interest on prefinancing as well as that on the bond issue and all other charges are paid by the State. On 16 December 1985 EFIM passed on Lit 20 500 million of the proceeds of these bond loans to SIV in the form of an advance on future increase in share capital. An additional Lit 19 475 million were passed on to-SIV in the same form in the beginning of 1986. On 18 September 1987, the Italian Government again authorized EFIM to issue bond loans, this time in the amount of Lit 150000 million, Lit 50 000 million of which for the construction of a float line for the production of flat glass by Veneziana Vetro (*). Neither the first nor the second authorization by the Italian Government to EFIM to issue bonds at State: expense in favour of investments in the public glass industry were notified to the Commission pursuant to Article 93 (3) of the EEC Treaty. () Gazzeta Ufficiale della Repubblica Italiana No 6, 9. 1. 196, . 40. ® PGazzetta Ufficiale della Repubblica Italana No 248, 21. 10. 1985, p. 7555. () Gazzetta Ufficiale della Repubblica Italiana No. 299, 20.. 12. 1985, p. 9180. : (9 Gazzetta Ufficiale della Repubblica Italiana No 245, 20. 10. 1987, p. 36.