commiss decis februari state aid spanish govern grant compani hijo de andré molina sa hamsa notifi document number spanish text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof notic parti concern submit comment accord articl procedur letter date juli offic spanish perman repres notifi commiss accord articl ec treati aid grant hijo de andré molina sa hereinaft call hamsa aid grant prior notifi transfer regist notifi aid letter sg date april commiss notifi spanish govern decis initi procedur provid articl treati aid grant hamsa fell scope articl treati appear qualifi except provid paragraph articl abovement procedur commiss invit spanish govern submit comment commiss issu notic member state interest parti submit comment publish offici journal european commun spain submit comment letter date juli august inform commiss hamsa grant state aid interest parti submit comment letter date januari februari juli forward spanish govern letter date januari letter date march spanish govern turn submit comment comment submit interest parti letter sg date octob commiss inform spanish govern decis extend procedur provid articl treati aid grant hamsa commiss letter date april fell scope articl treati appear qualifi except provid paragraph articl extens abovement procedur commiss invit spanish govern submit comment commiss issu notic member state interest parti submit comment publish offici journal european commun spain submit comment letter date decemb interest parti submit comment letter date decemb transmit spanish govern letter date januari letter date march march juli septemb octob spanish author submit comment comment submit interest parti inform ii descript measur notif spanish author juli concern aid grant hamsa june spanish author aid individu aid authoris commiss letter date februari aid introduc rescu restructur aid scheme sme aid firm notifi commiss advanc specif case hamsa consid sme basi turnov esp million basi number employe decemb spanish author notif june hamsa receiv aid instituto de fomento de andalucía hereinaft call quot ifa quot bodi depend region govern andalusia rescu aid decemb form guarante approv june esp million year grant august esp million month grant septemb premium paid guarante forc ii loan esp million grant juli paid octob year esp million grant octob paid octob year esp million grant septemb paid octob year interest rate convert april mibor loan repaid loan esp million million capitalis interest paid restructur aid januari june form guarante approv april esp million grant octob esp million august esp esp million novemb premium paid guarante forc ii loan esp million grant decemb paid decemb year mibor esp million grant paid juli year interest rate loan repaid capitalis interest paid hamsa receiv state aid cover spanish notif loan esp million year interest approv paid august loan repaid interest paid guarante esp million approv grant june guarante call premium paid loan esp million interest approv paid june loan repaid interest paid guarante esp million approv april grant june guarante call premium paid notif spanish author juli commiss letter april inform decis open procedur provid articl treati hamsa receiv state aid year loan esp million mibor approv octob paid novemb loan repaid esp million capitalis interest paid year loan esp million mibor approv april paid instal esp million june esp million juli loan repaid run interest paid guarante approv april esp million grant februari esp million grant guarante forc premium paid addit august ifa public sector compani sociedad para la promoción reconversión de andalucía sa hereinaft call soprea debt esp aris esp million loan grant hamsa financi institut caixa estalvi de pension de barcelona hereinaft call quot la caixa quot payabl acquisit interest commiss letter april inform spanish author decis open procedur provid articl treati hamsa creditor held meet discuss firm debt time declar cessat payment meet state bodi grant remiss ifa grant remiss esp debt esp andalusia region execut junta de andalucía grant remiss esp debt esp municip jaén grant remiss esp dept esp tax author grant remiss esp debt esp ministri labour grant remiss esp debt esp incur payment social secur contribut addit ifa capitalis esp million part amount hamsa ow period iii spain comment open procedur letter date juli august spanish author submit comment commiss decis open articl procedur aid grant hamsa comment summaris recit decis hamsa consist product divis meat product prepar meat product preserv smoke sausag pâté cure ham produc largest spain slaughter slaughterhous rank spain pig slaughter pig product pig unit leas molina famili sow produc piglet year slaughter anim feedingstuff unit rent molina famili capac cheesemak agreement conclud march molina famili sharehold hamsa ifa bare ownership hamsa share transfer ifa symbol price esp decemb date share transfer automat back owner relat molina famili ifa period strain result number court case hamsa increas capit esp million capitalis part debt ifa reduct capit esp million oper left owner molina famili reduc sharehold ifa own remain compani share hamsa emploi peopl number reduc workforc restructur earli retir quarter reduc number hamsa employe spanish author claim notifi commiss aid grant grant gener aid scheme notifi authoris commiss specif esp million loan guarante esp million call septemb amount esp approv loan paid august guarante grant june aid scheme approv commiss letter date decemb esp million loan approv paid june guarante esp million call januari amount esp approv april grant june aid scheme approv commiss letter date septemb spanish author aid grant compli commun guidelin state aid rescu restructur firm difficulti rescu aid grant juli decemb firm run restructur plan prepar interest rate loan grant octob convert april mibor rate bring line market rate regard restructur aid restructur measur plan involv improv profession manag organis oper compani introduc computeris system manag board product divis invest replac freez staff salari increas link product introduc product strategi reorganis product suppli line demand reduc overhead sell unproduct asset econom financi equilibrium achiev posit account result plan measur intend achiev level activ profit posit cash flow facilit privatis plan made provis product divis cheesemak divis achiev posit result break product increas month requir invest worth esp million feedingstuff divis farm viabl altern relaunch product farm pig slaughter hamsa slaughterhous requir invest worth esp million work capit esp million slaughterhous cut plant profit slaughter increas yearl monthli requir financ worth esp million meat product divis profit product increas month cost esp million commerci network compani futur product divis gear market commerci network reorganis commerci polici introduc polici develop product rang remuner creation joint servic divis respons gener financi human resourc manag gt tabl gt fresh fund need financ oper fund pai creditor redund payment cover continu loss restructur loan esp million grant octob earmark financ addit cost incur swine fever payment made creditor secur loan esp million loan approv april guarante esp million esp million approv april earmark pai creditor agreement reach meet creditor held financ increas stock cure ham caus suppli outstrip demand cover addit cost incur swine fever increas pig price addit cost amount esp million cover invest need maintain plant pai consult fee ifa soprea acquir esp debt aris esp million loan financi institut la caixa august prevent hamsa lose main farm mortgag loan spanish author view aid question meet condit laid commun guidelin state aid rescu restructur set recit restructur plan drawn decemb restor hamsa viabil base inform date incomplet insuffici unreli plan subject unforese result suspens payment procedur balanc sheet reflect firm real situat reason report drawn april firm situat decemb report restructur plan revis plan manag measur began show result financi year sale increas oper loss cash flow loss amount esp million esp million oper loss esp million esp million gt tabl gt neverthless balanc sheet decemb show sale stock fail reach predict level expenditur higher predict report firm situat decemb made forecast product divis sale project cheesemak divis achiev stock increas sharpli product reduc month invest worth esp million feedingstuff divis pig farm relaunch pig product success mitig effect increas pig price product lower expect pig month month product feedingstuff close full capac slaughterhous cut plant plan reduc number slaughter expect reduct compani sale invest esp million need bring cost divis expect make loss meat product divis product gear demand amount invest requir calcul esp million profit esp million expect sale network reorganis incent pai market measur addit suspens payment procedur complet june creditor reach agreement requir restor firm viabil regard adopt measur minimis neg impact competit spanish author view overcapac market meat product highli fragment strongli influenc consum habit restructur plan hamsa gave sell fresh product concentr product capac prepar meat product price polici cut price gross margin increas roughli regard requir restructur aid proport cost benefit agreement totransf bare ownership intend benefit molina famili enabl ifa control firm restructur complet ifa agre capitalis part loan hamsa esp million account share reduc molina famili hold hamsa employe contribut restructur exercis reduct workforc creditor cancel debt iv spain comment extens procedur letter date decemb spanish author submit comment commiss decis extend articl procedur aid grant hamsa comment summaris recit decis ifa decis capitalis part hamsa debt esp million convert loan grant reduc firm capit esp million april creditor meet held capitalis concern exist loan includ suspens payment procedur date esp includ due miscalcul oper requir inject capit legal altern hamsa declar bankruptci deficit resourc decemb amount esp million share capit esp million firm bankrupt creditor lost monei ow addit capitalis left ifa own hamsa share spanish author behaviour privat investor spanish author action public author context suspens payment procedur regard state aid mean articl treati remiss debt approv legal procedur suspens payment legal authoris context gener econom measur applic firm sector economi act privat creditor similar circumst social secur tax author permit law conclud individu agreement creditor spanish author view public author criteria deal hamsa privat investor recov maximum asset condit hamsa debt ifa state aid grant prior form loan amount esp million repaid interest paid guarante amount esp esp million call interest spanish author ifa own hamsa share remiss debt amount indirect capitalis cancel amount share revalu percentag appli remit amount ifa remiss debt equival increas capit offset remit portion loan reduc capit amount firm deficit decemb amount esp million capitalis april esp million deficit esp million remain ifa written hamsa debt firm remain state bankruptci decemb ifa act privat creditor time major sharehold spanish author public creditor ifa behav privat creditor similar debt privat creditor banco atlántico held mortgag guarante public loan social secur held mortgag guarante worth esp million junta de andalucía held mortgag guarante worth esp million creditor hold mortgag guarante privileg creditor state normal creditor firm deficit mortgag charg soak asset guarante practic worthless detail debt remiss major creditor gt tabl gt spanish author view applic commun criteria assess aid question commiss refer explicitli rule farm difficulti spanish author inform assess aid compat commiss rule rescu aid appli aid question opinion applic rule restructur aid regard restor viabil increas capit remiss debt provid decemb restructur plan aid quantifi time plan provid extern financ increas capit refer import settl suspens payment procedur capitalis debt remiss restor financi viabil firm substanti reduc financi cost lastli ifa owner hamsa enabl sell firm privat sector short term regard reduc neg impact competit hamsa close slaughterhous capac pig hour reduct approxim product capac cut plant capac month reduct product capac close pâté product line product capac month slaughterhous requir product meat product account nation total region shortag slaughter capac compar region slaughterhous andalusia catalonia serv similar popul cost anim meat transport major impact price excess capac rel connect point annex commiss decis ec thatth exclus pig cattl sheep poultri appli object region insuffici capac firm manufactur feedingstuff capac million kg month allot molina famili court order sale result reduct hamsa product capac surplu product capac pig world demand pigmeat increas commiss guidelin provid smaller reduct capac favour region andalusia criterion aid proport restructur cost benefit privat creditor includ molina famili contribut financi restructur hamsa remit debt letter date march spanish author inform commiss futur plan hamsa recov farm rent molina famili liquid unproduct asset transfer manufactur meat product factori molina industri complex increas product capac vacat current meat product factori negoti cancel loan hamsa financi institut quot la caja gener de ahorro de granada quot sell hamsa meat product factori conclud agreement leas factori hamsa year letter date septemb spanish author commiss inform aid grant region natur ow recent invest firm need fund refin liabil spanish author ask commiss examin separ compat aid grant grant order establish effect link group result achiev fulli match forecast restructur plan firm oper smoothli financi assist ultim goal restructur plan firm return privat sector market condit purchas guarante grant ifa hamsa ifa recov loan hamsa forc addit cash accru sale hamsa product unproduct asset enabl pai rest debt liquid firm workforc maintain buyer undertak make invest worth esp million restructur success view invest made parti bui product asset contribut develop region aid grant meet condit laid guidelin restructur aid commiss decid aid illeg incompat amount repaid exce firm resourc administr inform monitor committe imposs implement agreement reach creditor suspens payment procedur endors approv judg novemb case monitor committe liquid committe altern administr file voluntari bankruptci compani altern make difficult firm continu oper result loss job letter date octob spanish author forward commiss balanc sheet inform gt tabl gt hamsa oper incom esp million esp million esp million esp million redund payment staff reduct quarter paid quarter firm sector made offer hamsa fix asset relat meat process activ option farm offer puchas hamsa float liabil current asset offset liabil circumst float liabil exce current asset ii price fix asset esp million payment stagger esp million purchas esp million decemb esp million decemb esp million decemb iii purchas make invest estim esp million year period start januari iv purchas undertak workforc current size centr industri oper jaén purchas requir assur commiss reach neg decis aid grant hamsa purchas requir reimburs aid vi purchas held liabl amount aris hamsa debt social secur tax author municip jaén hamsa sharehold comment interest parti asociación española de empresa de la carn hereinaft call asocarn provid commiss inform state aid grant hamsa associ take view aid meet condit laid guidelin rescu restructur aid affect trade member state distort competit favour compani detriment compani sector contrari articl treati qualifi exempt articl declar incompat recov asociación nacion de almacen frigorifíco de carn sala despiec nation associ cold meat store strip plant share view asocarn spanish author comment parti comment express surpris natur inform asocarn gave commiss highli confidenti firm inform obtain illeg suppli hamsa administr act breach duti confidenti vi evalu applic articl treati articl treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good incompat common market affect trade member state characterist aid grant hamsa commiss view hamsa benefit aid grant state state resourc form guarante loan capit inject remiss debt case aid form guarante commiss guarante state directli deleg financi institut fall scope articl ec treati fact receiv guarante call enabl firm continu trade forc competitor enjoi facil busi hamsa financi difficulti time grant rescu aid indebted recit decis firm obtain guarante market hamsa deem benefit support detriment competitor word receiv aid advers affect competit guarante grant hamsa ifa fall scope articl treati case aid grant form loan commiss take view firm receiv aid perceiv risk inher loan high fact reflect interest rate appli secur requir loan contract similar consider appli asset compani pledg fix float charg insuffici repai loan full firm hamsa posit brink bankruptci unabl secur loan interest rate loan grant hamsa ifa offer guarante requir secur loan interest rate appli reflect perceiv risk inher loan hamsa asset insuffici repai loan full commiss take view ifa loan hamsa fall scope articl treati commiss provis capit state aid inject capit firm made circumst accept investor oper normal market condit occur financi posit firm structur volum debt normal return expect reason time capit invest inadequ cash flow firm unabl rais fund need invest programm capit market presumpt aid involv financi intervent public author take form acquisit hold combin type intervent notifi pursuant articl treati hamsa financi situat volum debt recit decis financi intervent public author combin acquisit hold type intervent lead commiss regard capit inject state aid state behav privat investor absenc valid reliabl restructur plan prospect return capit long term ultim purpos oper rapid liquid compani recit decis ifa capitalis hamsa debt tantamount state aid regard intervent accord principl privat invest capitalis debt worth esp million acquir ownership compani share capit esp million consid normal behaviour privat investor regard remiss debt state organis cancel part hamsa debt ifa municip jaén tax author junta de andalusia social secur confederación hidrográfica del guadalquivir gener speak fund provid guarante state firm financi difficulti commiss presum financi transfer involv state aid write debt form financ addit hamsa financi difficulti alternativeto cancel debt bankruptci spanish author cancel debt public bodi constitut state aid ifa cancel hamsa debt normal behaviour privat investor major sharehold wish ensur surviv compani spanish author point offici bodi cancel hamsa debt part gener oper involv public privat creditor percentag debt written public creditor ifa lower percentag written privat creditor circumst cancel debt public bodi normal behaviour privat investor regard state aid argument recit accept ifa cancel debt hamsa capitalis part plan financi recoveri hamsa oper carri month circumst spanish author justifi cancel debt conclud ifa act hamsa sharehold commiss take view distinct drawn behaviour state owner share capit behaviour public author privat compani privat sharehold option cancel debt state cancel debt regard conform criteria privat investor commiss consid ifa cancel hamsa debt constitut state aid mean articl treati reason explain point decis amount aid account calcul aid grant hamsa regard cancel debt public bodi ifa point note hamsa debt privat sector esp account total debt esp debt ifa hamsa debt privat sector account total debt esp privat creditor banco atlántico protect mortgag debt account hamsa total debt addit spanish author fail provid commiss inform amount mortgag guarante loan mortgag asset term payment amount debt remain uncancel commiss take view public loan written accord criteria privat investor constitut state aid concomit cancel privat creditor signific real take account proport public debt relat privat debt refer respect percentag debt cancel public privat creditor tabl recit decis fact ifa cancel largest debt prioriti creditor state territori bodi liquid procedur mortgag guarante larg social secur debt commiss conclud sacrific made public creditor insur privileg case largest debt involv write entir amount substanti privat creditor case insur neglig exist privat creditor practic hope recov part loan firm liquid unlik privileg insur public creditor compar type creditor make dismiss claim behaviour public privat creditor remiss firm debt public author carri accord privat invest criteria circumst commiss take view behaviour privat investor rule presumpt cancel debt public bodi constitut state aid effect aid competit aid distort threaten distort competit afford hamsa advantag enjoi firm sector receiv state aid addit take account trade product sector hamsa concentr activ spain product compar member state aid affect trade member state favour nation product detriment product member state gt tabl gt reason state commiss aid grant hamsa meet condit laid articl treati spain fail fulfil oblig articl treati grant aid previous notifi commiss case notifi aid grant commiss decid compat common market calcul amount aid grant hamsa examin inform provid spanish author commiss consid factor dealt recit decis account calcul amount state aid grant hamsa ifa decid grant loan esp million paid august loan repaid interest paid ifa grant guarante esp million paid june premium paid guarante execut septemb amount esp spanish author aid grant aid scheme commiss approv letter date decemb aid scheme concern amend budget scheme approv commiss aid scheme ifa grant aid form guarante gener exceed esp million cooper worker own limit compani esp million emploi person annual cost guarante amount practic ifa grant aid viabl compani form loan financ current asset refin liabil interest maximum year loan work asset supplement loan financ fix asset aid grant hamsa meet condit regard authoris commiss aid scheme ifa approv loan esp million paid june loan repaid interest paid ifa approv guarante esp million grant june hamsa paid premium guarante call januari amount esp spanish author aid grant aid scheme commiss approv letter date septemb argument accept aid scheme grant sme workforc turnov exceed ecu million balanc sheet ecu million hamsa consideredan sme basi number employe basi turnov aid grant ifa hamsa includ aid scheme authoris commiss april aid form guarante june ifa approv guarante esp million grant august august novemb replac guarante amount forc premium guarante paid june ifa approv guarante esp million grant septemb august novemb replac guarante amount forc premium guarante paid april ifa approv guarante amount esp million grant octob esp million grant august esp million grant novemb amount esp guarante forc premium paid april ifa approv guarante amount esp million grant februari esp million grant guarante forc premium paid aid form loan juli ifa approv loan esp million paid octob octob ifa approv loan esp million paid octob septemb ifa approv loan esp million paid octob decemb ifa approv loan esp million paid decemb ifa approv loan esp million paid juli octob ifa approv loan esp million paid novemb april ifa approv loan esp million paid part esp million june esp million juli addit august ifa public sector compani soprea debt esp esp million loan made hamsa financi institut quot la caixa quot hamsa repaid amount ifa commiss take view debt consid loan hamsa esp loan repaid interest paid capitalis hamsa debt remiss debt public author capitalis hamsa debt april ifa capitalis part hamsa debt loan grant tune esp million oper cover loan esp million recit decis esp million recit esp million recit esp million recit esp million recit capitalis esp million due account error principl treat state aid capitalis concern debt aris loan includ total amount aid grant hamsa includ total amount order avoid doubl account remiss debt hamsa receiv aid state organis form remiss debt contract prior total esp remiss treat state aid avoid doubl account ifa cancel esp includ calcul total amount state aid grant hamsa debt relat loan made guarante call refer recit decis grant ifa prior includ calcul remain debt remiss total esp includ calcul fthe total amount state aid grant hamsa conclus state aid form guarante purpos decis commiss consid state aid grant hamsa form guarante account guarante esp million grant june call septemb amount esp guarante esp million grant june call januari amount esp guarante esp million grant august replac august novemb guarante amount guarante esp million grant septemb replac august novemb guarante esp million grant octob esp million grant august esp grant novemb guarante esp million grant februari esp million grant spanish govern calcul amount aid grant form guarante accord point commiss commun member state oj stipul aid element guarante differ rate borrow pai free market obtain benefit guarante includ premium paid premium guarante paid aid grant form guarante count aid grant form guarante date grant date call amount guarante call interest date call state aid form loan purpos decis commiss consid state aid grant hamsa form loan account loan esp million paid august loan esp million paid june loan esp million esp million paid octob loan esp million paid octob loan esp million paid decemb loan esp million paid june loan esp million paid novemb loan esp million paid part esp million june esp million juli loan esp ifa take public sector compani soprea esp million loan made financi institut quot la caixa quot loan repaid interest paid treat aid grant form subsidi date paid loan made compani unabl obtain loan grant commiss treat remiss debt state organis cancel state organis part hamsa debt amount detail agre meet hamsa creditor count state aid hamsa form grant date remiss municip jaén esp tax author esp junta de andalucia esp social secur esp confederación hidrográficadel guadalquivir esp applic articl treati number except principl incompat provid articl treati clear except provid articl appli spanish author invok except provid articl strictli constru time region sector aid programm individu case applic gener aid scheme examin appli case commiss establish aid attain object question appli exempt aid meet condit tantamount allow trade member state affect competit distort justif commun interest grant undu advantag econom oper member state measur promot execut import project common european interest remedi disturb economi member state mean articl spanish author aid grant hamsa plan rescu restructur firm order facilit develop econom activ firm locat favour area andalusia promot develop region aid qualifi exempt articl treati commiss take view aid question intend region aid encourag invest job creation remedi defici infrastructur board compani region rescu restructur specif compani aid treat sector aid assess light articl requir region factor account context compat aid hamsa common market evalu criteria set commiss commun guidelin state aid rescu restructur firm difficulti point guidelin stipul agricultur sector special commiss rule rescu restructur aid continu appli individu beneficiari discret member state concern altern guidelin conform aid grant hamsa commun guidelin state aid rescu restructur firm difficulti rescu aid point guidelin rescu aid consist liquid form loan guarante loan bear normal commerci interest rate restrict amount need firm busi cover wage salari cost routin suppli paid time need gener exceed month devis feasibl recoveri plan warrant ground social difficulti undu advers effect industri situat member state spanish author notifi aid grant decemb rescu aid meet criteria interest rate loan total esp million applic market rate requir commun criteria spanish refer rate spanish author convert rate mibor april chang made year loan grant account adjust loan repaid interest paid hamsa receiv state aid type reason criteria stipul aid grant time need gener month devis recoveri plan aid addit guarante grant replac amount forc aid meet criteria laid guidelin rescu aid restructur aid guidelin commiss note restructur aid rais competit concern shift unfair share burden structur adjust attend social industri problem produc manag aid member state gener principl restructur aid circumst demonstr approv commun interest commiss approv aid restructur plan drawn satisfi condit restor viabil reason timescal avoid undu distort competit aid proport restructur cost benefit full implement restructur plan observ condit monitor annual report restor viabil reason timescal point guidelin sine qua restructur plan restor long term viabil firm reason timescal aid link viabl restructur plan submit adequ detail commiss plan restor firm competit reason period enabl compani cover cost includ depreci financi charg gener minimum return capit complet restructur firm requir state aid compet market place merit aid grant hamsa began receiv state aid cope financi difficulti receiv state aid reason ifa obtain bare ownership hamsa state aid grant continu restructur plan drawn hamsa decemb half year aid grant financi difficulti spanish author plan incomplet base insuffici unreli inform subject outcom suspens payment procedur imposs predict plan refer aid grant decemb loan esp million grant provid firm financi met market grant state aid unspecifi amount restructur plan firm profit restor substanti increas product divis recit decis commiss consid unrealist base firm return viabil increas product refer year trend time sector suffer structur overcapac recit decis assess confirm report decemb provid firm product cut back sale lower forecast recit decis intern restructur measur equal unrealist base insuffici unreli inform spanish author shown firm manag result adjust made increas product match market demand improv plan review june situat decemb year state aid recognis altern bankruptci hamsa brink failur capitalis debt principl state aid assess time grant light subsequ develop event firm restor viabil situat remedi respect disregard compani financi respons absorb asset satisfi recent posit cash flow view firm continu loss recit decis commiss acknowledg swine fever epidem mention spanish author broke spain restructur period made hamsa restructur difficult justifi amend restructur plan factor justifi specif continu payment aid hamsa competitor face difficulti manag aid spanish author letter date septemb state hand firm oper need financi assist restructur success hand acknowledg firm liquid proce sale hamsa product unproduct asset pai liabil sum remain share sharehold ifa own hamsa share buyer product asset requir carri invest worth esp million letter date octob spanish author forward balanc sheet inform commiss show half hamsa posit cash flow esp million incur loss amount esp million view hamsa track record amount debt past amount aid receiv slightli posit cash flow half profit futur prospect accept suffici proof firm viabl case law establish breda fucin case footnot recit decis improv oper margin invok irrespect extraordinari charg demonstr firm recov viabil addit purchas bid hamsa product asset preced tender procedur accept element state aid purchas restrict current liabil provid exce current asset payment fix asset set esp million stagger year addit bid subject condit purchas liabl debt claim hamsa commiss view condit bid hamsa product asset rais doubt current viabil firm commiss consid compens public author demand buyer constitut state aid letter date octob spanish author inform commiss hamsa oper incom esp million esp million esp million esp million provid figur explain reason substanti drop oper incom basi inform commiss find reason assum hamsa lost market share competitor explain increas oper incom hand due restructur measur reduct firm price made grant aid contrast firm cost vari conclus commiss consid state aid question grant plan restructur firm specif continu time firm encount liquid problem conclud hamsa restructur plan firm restor long term viabil reason time suffer loss half compet resourc state aid set firm date firm viabil restor avoid undu distort competit state point ii guidelin measur offset advers effect competitor commiss take view structur excess product capac commun market serv recipi aid restructur plan make contribut proportion amount aid receiv restructur industri irrevers reduc close capac hamsa activ feedingstuff farm slaughter pig carri sector commun market structur overcapac state commiss decis ec march select criteria adopt invest improv process market condit agricultur forestri product repeal decis eec indent point indent point indent point annex decis guidelin call recipi aid reduc product capac spanish author inform commiss letter date decemb product capac reduc result close slaughterhous cut plant firm produc feedingstuff pâté product line commiss note reduct capac provid restructur plan drawn decemb contrari plan substanti increas slaughter product meat prepar chees anim feedingstuff relaunch pig farm cure ham product reduct appli capac firm aid proport restructur cost benefit accord point iii abovement guidelin aid proport cost benefit restructur amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view aid beneficiari expect make signific contribut restructur plan resourc extern commerci financ aid financi restructur unduli reduc firm financi charg case parti contribut restructur plan bring resourc state molina famili own hamsa share sharehold reduc result ifa capitalis hamsa debt oper decid molina famili ifa bare ownership share decemb molina famili requir provid resourc investor contribut restructur plan addit hamsa financi situat unabl obtain extern financ state guarante spanish author argu privat creditor includ molina famili contribut restructur cancel debt argument accept commiss view cancel firm debt part suspens payment procedur regard contribut firm restructur case cancel debt privat creditor account tini proport aid grant hamsa recit decis final contrari abovement guidelin state aid grant hamsa form debt remiss capitalis appear unduli reduc firm financi charg relat debt decemb hamsa liabil amount esp million april esp million capitalis hamsa public creditor cancel debt amount esp million recit decis circumst commiss aid grant hamsa proport cost benefit restructur full implement restructur plan observ condit monitor annual report lastli guidelin stipul firm fulli implement restructur plan submit accept commiss discharg oblig laid commiss decis implement proper progress restructur plan monitor mean detail annual report submit commiss commiss receiv hamsa restructur plan drawn decemb spanish author forward letter date juli articl procedur open commiss unabl decis proper time report situat decemb drawn june consist amend restructur plan decemb commiss procedur commiss forc note receiv document aid paid unabl give opinion restructur plan impos condit implement restructur plan incomplet cover aid grant fulli implement amend prior agreement commiss account develop hamsa busi commiss conclud june hamsa restructur receiv string specif aid payment intend sole firm busi special condit applic restructur aid assist area comment spanish author stress hamsa locat favour area aid grant firm qualifi exempt articl aid examin light point guidelin special condit restructur aid assist region guidelin requir commiss region develop account assess restructur aid assist area fact ail firm locat area justifi wholli permiss approach aid restructur medium long term region support artifici compani structur reason doom failur limit commun nation resourc promot region develop region interest appli scarc resourc develop quickli altern activ viabl durabl final distort competit minimis case aid firm assist area line principl guidelin state criteria list point refer applic assist area criterion restor viabil guidelin stipul case assist region result restructur oper econom viabl busi contribut real develop region requir continu aid recur aid consid favour assist region specif case commiss take view hamsa receiv recur aid year aid guarante firm viabil restor guidelin requir restructur plan implement correctli adequ monitor avoid undu distort competit aid proport cost benefit restructur reason set commiss criteria met present case thirdli guidelin state commiss flexibl regard reduct capac case market structur overcapac region develop justifi commiss requir smaller capac reduct assist area assist area differenti area elig region aid articl elig articl account greater sever region problem area letter date decemb spanish author inform commiss product capac reduc close slaughterhous capac reduct approxim cut plant capac reduct approxim pâté product line feedingstuff busi capac reduct approxim regard hamsa activ meat sector pig product manufactur pigmeat base product sale fresh pigmeat spanish author refer comment commiss decis ec indent point annex permit invest slaughter pig cattl sheep poultri object region shortag capac region spanish author point andalusia slaughterhous catalonia similar popul respect rememb hamsa restructur plan provid capac reduct increas case substanti commiss approv plan stood decemb capac reduct made subsequ specif adjust carri part restructur plan event reduct capac hamsa activ suffici view locat favour region condit guidelin met lead commiss conclud aid grant hamsa meet criteria guidelin restructur aid qualifi connect exempt articl complianc aid grant hamsa special rule appli commiss januari agricultur sector rescu restructur commiss practic agricultur sector januari state aid rescu restructur firm difficulti permit subject condit aid intend reduc cost financ loan contract respect earlier invest cumul subsidi aid grant loan aid question exce rate gener allow invest improv process market agricultur product invest primari agricultur product aid follow loan rate line cost monei amount payabl exce chang rate farm present guarante viabil notabl case financi cost exist borrow danger level possibl threaten bankruptci answer commiss letter date april octob spanish author furnish inform enabl commiss aid question intend reduc cost financ past invest meet abovement condit letter date septemb spanish author state aid grant intend reduc financi cost past invest provid detail respect inform enabl commiss check abovement criteria met commiss forc conclud aid question compli specif rule vii conclus commiss conclud spanish govern grant aid question illeg prior notif case wait commiss pronounc compat reason set aid question fulfil condit laid articl treati qualifi except laid articl aid incompat common market aid incompat common market commiss principl recours possibl offer judgment court justic juli case commiss germani confirm judgment februari case deufil commiss septemb case commiss germani requir member state recov aid grant illeg recipi measur order restor statu quo remov financi benefit beneficiari unlaw aid improperli enjoi date aid paid aid reimburs accord procedur provis spanish law withinterest date aid question grant interest calcul basi commerci rate refer rate calcul subsidi equival context region aid decis prejudic conclus commiss draw financ common agricultur polici european agricultur guidanc guarante fund eaggf adopt decis articl aid grant spain compani hijo de andré molina sa illeg due fact grant commiss decid compat draft stage incompat common market mean articl treati fulfil condit exempt provid articl abolish state aid form guarante guarante esp million grant june call septemb amount esp guarante esp million grant june call januari amount esp guarante esp million grant august replac august novemb guarante amount guarante esp million grant septemb replac august novemb guarante esp million grant octob esp million grant august esp grant novemb guarante esp million grant februari esp million grant state aid form loan loan esp million paid august loan esp million paid june loan esp million esp million paid octob loan esp million paid octob loan esp million paid decemb loan esp million paid juli loan esp million paid novemb loan esp million paid part esp million june esp million juli loan esp take instituto de fomento de andalucía public sector compani sociedad para la promoción reconversión de andalucía sa esp million loan made hijo de andré molina sa financi institut caixa estalvi pension de barcelona state aid form remiss debt state organis cancel part hamsa debt state organis approv meet hamsa creditor involv amount municip jaén esp tax author esp junta de andalucía esp social secur esp confederación hidrográfica del guadalquivir esp articl spain delai termin loan contract revok guarante refer articl forc articl spain measur recov aid refer articl case guarante differ interest rate grant free market rate case loan guarante call debt cancel amount concern recoveri carri accord procedur nation law sum recov attract interest date aid question grant interest calcul basi commerci rate refer rate calcul subsidi equival context region aid articl spain inform commiss month date notif decis measur compli decis articl decis address kingdom spain brussel februari commiss franz fischler member commiss oj oj small medium size enterpris defin enterpris emploi peopl turnov ecu million point commun guidelin state aid rescu restructur firm difficulti oj oj letter sg april commiss member state commiss commun member state oj point commiss commun member state oj point point public author hold compani capit bull ec judgement court justic march case itali commiss ecr paragraph commun guidlin state aid rescu restructur firm difficulti oj oj point judgment court justic septemb case spain commiss ecr paragraph indent point commun public author hold compani capit bull ec commiss commun member state oj point specif guidelin agricultur appli januari version guidelin enter forc rule amend judgemt court justic septemb case breda fucin paragraph publish report competit point oj ecr ecr ecr commiss commun member state oj