commiss decis novemb aid grant franc nouvel filatur lainièr de roubaix notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof interest parti notic accord abovement articl submit comment regard comment procedur letter date septemb german industri associ quot industrieverband garn geweb quot drew commiss attent aid grant grant nouvel filatur lainièr de roubaix letter date septemb express request commiss letter date juli french govern inform commiss aid grant intend grant nouvel filatur lainièr de roubaix letter date novemb januari april juli french govern submit addit inform commiss letter date septemb commerci court roubaix tourco forward commiss judgment septemb quot redress judiciair quot procedur administr supervis court sa filatur lainièr de roubaix letter date august commiss inform french govern decis initi proceed articl treati respect aid commiss decis initi proceed publish offici journal european commun commiss call interest parti submit comment aid letter date septemb french govern submit comment commiss basi letter commiss french govern addit inform letter date march june french govern repli letter date juli octob addit inform receiv letter date octob ii descript aid decis concern aid form equiti loan frf million invest premium frf million french govern grant nouvel filatur lainièr de roubaix part quot administr procedur quot group sa filatur lainièr de roubaix recipi compani bankruptci commerci court roubaix decid april initi quot judici administr quot redress judiciair procedur respect group sa filatur lainièr de roubaix hereinaft refer sa filatur compris compani sa group lainièr sa lainièr de roubaix sa proditex judgment septemb ascertain plan recoveri clear liabil accord articl law januari feasibl invit bid view sell compani commerci court roubaix decid compani sold accord abovement law newli creat public limit compani capit base frf name quot nouvel filatur lainièr de roubaix quot hereinaft refer lainièr de roubaix judgment effect octob asset compani undergo administr procedur busi servic contract conclud compani sold sharehold compani frf million asset estim septemb frf million made intang asset financi asset tangibl movabl asset frf million stock work progress frf million debt recov frf million liquid asset frf million financi debt compani undergo administr procedur figur commun commiss clear part procedur french govern grant compani aid question ground judgment sale buyer court account fact franc person procureur de la républiqu quot confirm state support amount frf million arrang offer bidder hope court adopt plan ensur rigor public fund restrict sole asset financ recoveri compani acquir exclud possibl equiti invest extern expans ensur continu busi employ quot restructur invest recipi restructur measur undertaken recipi supervis administr appoint court roubaix implement plan sharehold reduc capac close area product heavili loss make manufactur basic yarn product capac sa filatur loss make product unit entir industri site proditex definit close term turnov project busi compani frf million turnov product reorient specialis product greater ad court authoris compani made employe group redund abovement judgment court roubaix decid lainièr de roubaix make redund payment frf employe dismiss total frf million job cut commiss note decis initi proceed french govern forward restructur plan commiss assess restor recipi compani long term viabil aid letter refer march commiss ask french govern forward quot latest financi inform lainièr de roubaix detail balanc sheet financi statement includ trade account quot letter date french govern commiss addit project profit loss figur letter april provision profit loss account decemb french govern forward inform request restructur cost repeat request commiss view obtain addit inform exact cost cover frf million loan french govern inform letter date januari french govern calcul cost restructur frf million includ frf million retrain leav frf million redeploy employe made redund french govern state letter quot peopl earli retir accord provis ordinari law quot french govern measur cost letter date april french govern confirm frf million loan cover cost quot maintain activ rapidli adapt wage bill social plan implement judgment septemb quot letter french govern calcul cost relat restructur extra rent premis product period frf million cost transfer product handl involv unload reload detriment organis product quantifi renov premis frf million cost relat product compani month frf million train cost quantifi cost relat welfar benefit employe made redund accord french law quantifi cost set manag control system quantifi letter date juli french govern maintain quot effect imposs alloc resourc precis specif job quot french govern loan correspond period restart activ administr procedur confirm frf million loan cost relat restart financ run cost part plan invest french govern calcul cost product compani month frf million cost renov premis letter frf million cost extra rent paid premis product period frf million mention cost retrain employe quantifi extra cost relat welfar benefit due senior employe frf million year letter date octob addit inform letter juli french govern addit aris time letter figur final invest cost lainièr de roubaix implement invest programm amount frf million spread year aim improv effici product plant site minimis relat cost heat mainten programm involv modernis obsolet machineri point view qualiti product acquisit spindl frf million develop differenti product plyfil lycra frf million instal retrofit boiler frf million inform present lainièr de roubaix oper textil sector spin woollen yarn direct competit produc europ asia locat nord pa de calai region elig region aid articl treati accord commiss decis septemb region plan grant scheme industri project letter septemb date compani lainièr de roubaix employe project turnov frf million balanc sheet total frf million total capit held natur person inform french author lainièr de roubaix market share european product french product output export half figur account member state aid grant frf million loan french govern commun condit govern equiti loan frf million durat year compris initi year grace period fix interest rate year interest rate addit amount index retain earn letter date april french govern commun consolid project profit loss figur lainièr de roubaix show interest equiti loan frf frf frf frf letter juli french govern maintain loan grant market condit repli commiss question letter june lainièr de roubaix time state loan grant obtain loan privat bank term interest rate grace period durat french govern told commiss quot compani authoris ceil financ frf million financi institut rate order quot french govern commun term loan time state equiti loan grant statu financi institut involv letter date april french govern confirm equiti loan grant plan takeov lainièr de roubaix effect octob frf million invest premium part takeov plan french govern grant lainièr de roubaix invest premium frf million basi abovement invest monei deposit sequestr account hand administr appoint court roubaix implement plan fund releas compani implement plan french govern inform commiss aid releas legal basi aid equiti loan grant govern ad hoc legal basi part aid scheme approv commiss frf million invest premium grant basi quot crédit de politiqu industriel fund industri restructur scheme administ ministri industri ciri budget line quot scheme notifi commiss accord articl treati letter date juli french govern commiss propos measur articl case restructur aid grant basi scheme notifi advanc letter date novemb french govern accept propos individu notif case aid frf million amount exceed case question iii comment articl proceed reason commiss initi articl proceed decis initi proceed commiss rais doubt compat aid common market gave reason commiss consid state aid rescu restructur firm difficulti basi guidelin publish basi inform commiss time initi proceed determin aid grant consid compat accord criteria set guidelin restructur plan submit give inform assess compat aid commiss unabl ascertain compani long term viabil check aid limit strict minimum need enabl restructur undertaken condit limit compani elig region aid articl treati comment french govern proceed french govern insist view aid grant lainièr de roubaix consid compat common market maintain state measur support compani consid invest aid equiti loan measur abandon structur loss make activ invest expand market nich ensur compani return long term viabil assum grant equival frf million invest premium frf million loan base refer rate commun commiss letter august french govern calcul grant equival aid restructur frf million term aid intens letter date septemb french govern insist frf million loan regard rescu aid mean guidelin month durat period gener set maximum guidelin aid consid compat common market letter septemb disagre aid illeg refus discuss point letter challeng view commiss decis initi proceed french govern submit suffici inform commiss ascertain compani long term viabil letter septemb french govern maintain aid grant lainièr de roubaix regard distort competit compani made consider reduct capac close product site share european market trifl letter septemb french govern view compani regard sme commun definit locat region elig region aid articl treati admiss aid intens sme letter septemb final french govern submit inform show market lainièr de roubaix oper suffer overcapac contrari grow letter comment interest parti part proceed compani quot leuz textil gmbh amp quot owen teck germani letter date novemb decemb februari compani quot kammspinnerei stöhr gmbh quot mönchengladbach germani letter date januari textil feder febeltex letter date januari submit comment commiss essenti point difficulti confront relev market call commiss examin compat aid grant lainièr de roubaix letter date march commiss forward copi letter french govern gave opportun comment iv assess aid state aid mean articl frf million invest premium invest premium constitut state aid mean articl grant state form repay grant specif compani compani financi benefit frf million threaten distort competit constitut econom advantag produc unabl benefit affect trade member state recipi compani export larg proport product member state fact compani made consider reduct product capac measur question constitut state aid mean articl treati similarli recipi compani small share european market distort competit aid question recipi compani make invest made recipi market share won competitor frf million equiti loan equiti loan grant state confer econom advantag recipi compani obtain capit term prevail market market condit term loan question compar refer time loan grant absenc precis date commun french author date effect takeov octob carri loan examin method calcul rate applic equiti loan chosen french govern includ addit amount final year loan depend compani perform market rate method make difficult conclud equiti loan grant market condit absenc precis inform condit loan grant state compar market condit commiss appli refer rate calcul aid compon loan suppos reflect averag level market interest rate member state medium long term loan normal secur case state grant equiti loan option acquir hold compani question measur similar capit inject state commiss publish notic set condit assess capit inject state constitut state aid notic commiss state fresh capit inject compani involv state aid capit contribut circumst accept privat investor oper normal market economi condit present case commiss conclud equiti loan french govern part takeov asset sa filatur lainièr de roubaix grant term accept privat investor oper normal market economi condit decis initi proceed commiss demonstr takeov asset compani base exclus state aid view low capit base comparison amount aid grant commiss request french govern demonstr lainièr de roubaix receiv receiv time equiti loan grant state loan capit inject term compar term loan question circumst order calcul aid compon loan question refer rate mention appli indic market rate time loan grant method set interest rate commiss agreement member state meet multilater meet june decemb commiss commun member state letter januari basi method commiss commun refer rate member state begin year letter august french govern commiss notifi refer rate applic effect august applic time equiti loan grant state absenc precis inform return market equiti loan equival grant lainièr de roubaix refer rate appli period loan run minimum market rate equiti loan grant grant equival equiti loan consist differ rate appli state refer rate differ regard econom advantag grant state recipi compani invest premium loan involv financi advantag threaten distort competit affect trade member state loan involv aid mean articl treati appli abovement refer rate assum absenc inform provid french govern linear repay loan commiss calcul gross grant equival frf million equiti loan frf full term loan indic figur rate rais level refer rate decemb frf french govern method calcul aid intens commun letter refer result calcul wrong french govern refer rate forc august commun commiss french govern letter august applic time loan grant illeg natur aid demonstr aid grant basi scheme approv commiss breach articl aid grant commiss decid compat common market true frf million invest premium paid full recipi decis grant payment depend complet stage invest aid regard illeg compat aid common market aid compat common market basi derog provid articl aid social charact grant individu consum intend make good damag caus natur disast except occurr derog provid articl appli similarli aid consid compat basi articl promot econom develop area standard live abnorm low underemploy pursuant articl commiss commun method applic articl region aid commiss decis region plan grant scheme industri project aid intend promot execut import project common european interest remedi disturb economi member state intend promot cultur heritag conserv assess compat aid confin derog provid articl context applic derog examin basi guidelin set commiss interpret derog rescu restructur aid reason commiss find aid consid compat common market line commiss consist practic base guidelin aid rescu restructur firm difficulti condit compat restructur aid submiss restructur plan commiss assess restor recipi compani long term viabil reason timescal plan base realist assumpt compani futur oper condit case state point ii decis commiss point decis initi proceed french govern submit credibl restructur plan commiss plan submit commiss french author proceed initi commiss alter posit initi proceed condit laid guidelin restructur aid submit commiss relev detail met inform explicitli request commiss state point ii decis figur put element cost restructur point ii decis cost commun commiss signific dispar letter french author regard compani long term viabil project account submit commiss proceed initi demonstr letter novemb april oper account provid includ error calcul oper profit compani net profit frf million exclus due invest aid net profit restructur suppos complet put frf steadi drop year figur reflect lack competit compani absenc restructur plan mean guidelin inform provid french author demonstr compani long term viabil born latest inform french govern fax octob inform profit larg part compani busi fact consider lower project figur buyer restructur plan fact piec inform french govern point ii ii decis regard restructur plan mean guidelin fact show grant aid accompani credibl restructur plan addit guidelin state aid proport restructur cost benefit mean aid recipi expect make signific contribut restructur plan resourc extern commerci financ case buyer put capit frf addit monei bui asset frf million contrast frf million public monei disproport clear buyer contribut fund condit aid proport met disproport public fund buyer contribut signific wai clear compani viabl state support steadi consider drop profit suppos durat restructur optimist assumpt buyer closur unit final fact inform french author compani averag price higher averag price relev market price market lycra wool highest europ letter show compani competit market reliev larg part cost state support french author claim aid form equiti loan rescu aid accept definit guidelin rescu quot temporarili maintain posit firm face substanti deterior financi posit reflect acut liquid crisi technic insolv analysi circumst give rise compani difficulti perform plan remedi situat devis quot aid grant order asset bought compani creat grant order temporarili maintain compani restructur plan drawn commiss found plan aid promot region develop derog set articl treati commiss compat common market aid facilit develop econom area aid advers affect trade condit extent contrari common interest decis refer septemb region plan grant scheme industri project commiss decid basi socioeconom data region concern initi invest mean point annex commiss commun region aid system carri region lainièr de roubaix locat elig region aid aid intens gross larg compani bonu sme make gross lainièr de roubaix consid sme commun definit regard frf million invest premium grant lainièr de roubaix commiss find invest frf million carri lainièr de roubaix consid initi invest mean commun view forego invest aid gross invest cost frf million frf million gross consid compat common market basi derog articl remain aid frf million consid compat common market provis regard equiti loan frf million elig cost commun french govern letter juli consid initi invest mean abovement commun cost concern fact ongo cost compani expect bear aid deem oper aid commiss consist practic accord commun method applic articl region aid grant region elig region aid articl equiti loan consid compat common market basi derog base derog final lainièr de roubaix principl elig employ aid guidelin aid employ repeat request commiss french govern demonstr put figur social cost elig aid question recent letter juli octob french govern commun cost elig employ aid basi guidelin conclus commiss find french govern illeg grant invest premium frf million equiti loan frf million breach articl treati commiss consid invest aid gross invest cost frf million frf million consid compat common market articl aid amount frf million consid incompat common market order restor compani financi situat found incompat aid french govern step recov incompat aid frf million recipi commiss find equiti loan frf million includ aid compon differ rate appli french govern refer rate forc time loan grant commiss calcul sum frf full term loan indic figur rate rais level refer rate decemb frf aid amount consid incompat common market order restor compani financi situat found incompat aid french govern delai abolish aid question appli normal market condit refer rate applic time loan grant adopt decis articl aid form invest premium grant franc nouvel filatur de roubaix amount frf million consid compat common market basi articl treati articl aid form invest premium grant franc nouvel filatur de roubaix amount frf million incompat common market articl equiti loan frf million constitut aid rate appli franc lower refer rate applic time loan grant aid refer paragraph grant franc nouvel filatur de roubaix incompat common market articl franc measur recov recipi nouvel filatur de roubaix aid refer articl illeg paid repay made accord procedur provis french law amount repaid bear interest date aid paid recipi date effect recov interest calcul basi refer rate calcul net grant equival region aid franc delai abolish aid refer articl appli normal market condit refer rate applic time loan grant articl franc inform commiss month date notif decis measur compli articl decis address french republ brussel novemb commiss karel van miert member commiss oj part text edit ensur confidenti inform disclos part enclos squar bracket market asterisk oj oj bull ec oj footnot footnot point oj footnot point oj