4.4.2000 Official Journal of the European Communities L 83/21 II (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 20 July 1999 on State aid granted by Italy to the Inma shipyard through the public holding company Itainvest (formerly GEPI) (notified under document number C(1999) 2532) (Only the Italian version is authentic) (Text with EEA relevance) (2000/262/EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having called on interested parties to submit their comments pursuant to the provisions cited above (') and having regard to their comments, Whereas: I. PROCEDURE (1)  As part of the monitoring procedure initiated under the Commission Decision of 17 July 1996 (3) on the GEPI group (which became Itainvest on 12 September 1997 and is referred to hereinafter by this new name), the management of the group acknowledged that, in 1997, they awarded a wholly- owned subsidiary, the Inma shipyard, a capital grant of approximately ITL 100 million (EUR 51,6 million) in order to cover the losses recorded by the shipyard in 1996 and 1997. The Commission therefore sent the Italian authorities an official request for information dated 1 October 1998. By letter of 9 November 1998 the Italian Permanent Representative supplied information in the form of the company's annual accounts for the years 1992 to 1997. (2) By letter of 19 January 1999 the Commission informed the Italian Government of its decision to initiate proceedings under Article 88(2) of the EC Treaty in respect of the aid. The Italian authorities sent their comments to the Commission by letter No 3896 of 2 March 1999 from the Permanent 63, 5.3.1999, p. 2. 5, 9.1.1997, p. 3.