Magna agrees to return all subsidies plus interest

Ljubljana, 30 May - Government and Magna representatives agreed on Tuesday that the Canadian-Austrian automotive group will return the state support it received for the now terminated investment in a paint shop in Hoče. Magna will return the EUR 18.6 million it got for the greenfield investment plus EUR 3.6 million in interest, Economy Minister Matjaž Han said.

Orehova Vas near Hoče Magna Steyr's paint shop in the Hoče-Slivnica municipality near the city of Maribor, north-east. Photo: Nebojša Tejić/STA File photo

Orehova Vas near Hoče
Magna Steyr's paint shop in the Hoče-Slivnica municipality near the city of Maribor, north-east.
Photo: Nebojša Tejić/STA
File photo

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