Therefore, the Commission concludes that measures 1 and 2 constituted investments that a market economy investor in comparable circumstances [32] would have undertaken and therefore excludes the presence of State aid, without it being necessary to assess further whether the rest of the cumulative conditions of Article 107(1) TFEU would be met.
En outre, d'après les éléments de preuve soumis par la Slovénie, les agences de voyage privées ne semblaient avoir aucune motivation autre que le profit pour investir dans Adria.