commiss decis april measur implement franc société de réparat naval industriel sa soreni notifi document number french version authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite regard comment procedur inform press franc adopt financi measur assist ship repair activ le havr commiss letter decemb ask franc clarif letter march regist receiv march franc inform commiss public author support financi ship repair firm société de réparat naval industriel soreni measur regist unnotifi aid nn grant time inform provid addit amount eur paid decemb letter april commiss ask franc inform franc repli letter june regist receiv june letter august commiss inform franc decid initi procedur laid articl ec treati respect measur case regist commiss decis initi procedur publish offici journal european commun interest parti invit submit comment franc submit comment letter octob regist receiv octob comment unit kingdom receiv letter octob regist octob forward franc opportun react commiss ask franc addit question letter novemb franc present answer comment letter januari regist receiv dai submit addit inform letter octob regist octob letter octob regist receiv dai commiss address question franc letter novemb franc repli letter decemb regist receiv januari letter januari regist receiv dai ii detail descript undertak concern recipi financi support soreni ship repair firm locat le havr area elig aid mean articl ec treati soreni set novemb asset ship repair firm explain shipyard ateli chantier du havr construct naval ach cn le havr close bankruptci ach cn receiv closur aid approv commiss decis ec subsidiari ach cn activ ship repair siren tmtm meca helix hereinaft quot subsidiari quot surviv long experienc econom problem relat loss subcontract ach cn shipown confid twelv local subcontractor subsidiari decid jointli set firm soreni ship repair activ subsidiari bid present august twelv local subcontractor soreni set novemb acquir asset subsidiari novemb eur eur stock symbol euro asset franc soreni bid failur negoti foreign investor earlier year initi franc commiss subsidiari judici reorganis time takeov correct inform letter decemb state asset judici reorganis decemb subsidiari exist empti shell purpos litig debt recoveri exercis econom activ french social legisl rel cessat busi activ articl subparagraph labour code soreni oblig subsidiari work contract condit remain unchang qualif remuner senior result franc soreni employe subsidiari likewis assum wage oblig total eur incur takeov connect earli retir worker expos asbesto commiss note januari workforc reduc employe engag product franc year preced takeov number product worker fallen total subsidiari soreni busi plan firm busi plan establish viabil soreni guarante year busi plan franc identifi problem soreni due place difficulti encount sharehold subcontractor previous depend subsidiari soreni inherit number charg difficulti link asset respons work contract financ asbesto relat earli retir adapt product tool rationalis activ soreni ship repair activ probabl face similar problem encount subsidiari difficulti subcontract shipbuild firm le havr ach cn loss market gener loss credibl ship repair le havr gener franc year busi plan describ restructur plan design tackl problem adopt set measur set measur consist adapt product tool invest renew build transport portabl tool quantifi part tabl set measur set reorganis firm commerci polici franc polici target local shipown nation intern market gener aim restor confid client dealt subsidiari past soreni plan achiev recruit manag acquir technolog allow diversifi activ respond wider rang demand cost set measur itemis part tabl set measur focu reorganis product level manag materi inventori order rationalis computeris train staff cost set measur itemis part tabl franc consid restructur cost charg subsidiari connect earli retir worker expos asbesto hand salari month takeov franc month correspond period obtain contract cost itemis part tabl tabl alleg cost restructur soreni eur item amount part invest renew renew plant renew offic build clean courtyard plant movabl invest vehicl tool movabl invest instal shot blast steel plate process facil lorri miscellan portabl mechan tool subtot part commerci reorganis recruit manag assist manag engin product manag total salari charg market cost end brochur logo mail shot agent network visit client cost acquisit licenc train staff soreni licensor visit commerci intern agent revis extens agent contract year subtot part reorganis product organis computeris acquisit softwar specif ship repair train train hour year subtot part salari charg salari exist contract month takeov cost asbesto relat redund incur takeov subtot total subtot cost allegedli need launch soreni total eur franc plan base realist hypothes turnov reflect exist potenti demand ship repair activ le havr franc point subsidiari possess recognis ship repair skill employe soreni possess valuabl soreni note busi plan soreni potenti foreign investor similar sign realist estim person contact presid soreni search client franc ship repair activ soreni view context develop port le havr financi measur franc amount eur need soreni financ grant loan provid public privat sourc tabl franc preliminari decis grant public support soreni septemb bid asset subsidiari made soreni establish establish effect legal bind decis grant support adopt novemb french govern provid soreni grant eur amount payment eur eur made soreni septemb haut normandi region council sein maritim gener council citi le havr provid soreni eur form grant total amount eur eur paid septemb privat contribut capit contribut soreni sharehold eur bank loan eur secur assign work capit tabl financi measur relat restructur soreni eur sourc amount public french state haut normandi region council sein maritim gener council citi le havr subtot privat soreni sharehold capit bank loan bnp pariba subtot total subtot market inform franc develop port le havr necessit presenc ship repair activ guarante stabl level activ franc argu measur question limit impact competit factor restructur plan compris workforc reduct franc identifi arno dunkirk sobrena brest main competitor soreni domest intern market firm claim compet soreni local client concern connect franc state local client gener soreni turnov result soreni interfer main custom reduc soreni sme mean articl commiss regul ec januari applic articl ec treati state aid small medium size enterpris decis initi procedur articl ec treati decis initi formal investig procedur hereinaft decis initi procedur measur question assess light council regul ec establish rule aid shipbuild hereinaft shipbuild regul commun guidelin state aid rescu restructur firm difficulti hereinaft restructur guidelin decis initi procedur commiss express doubt financi measur question authoris restructur aid hand soreni newli creat firm emerg liquid subsidiari light point restructur guidelin newli creat firm elig rescu restructur aid initi financi posit insecur commiss doubt busi plan soreni deliv long term viabil reason timescal base realist assumpt requir restructur guidelin consid plan submit franc lack market survei sale cost estim year ahead commiss note foreign investor mention paragraph base similar plan declin ship repair activ lastli wonder financi contribut public sourc limit minimum need enabl busi plan undertaken contribut beneficiari signific requir restructur guidelin iii comment interest parti unit kingdom submit comment firstli difficulti understand propos packag consid restructur aid shipyard carri activ predecessor appar signific reduct capac workforc opinion invest cost elig restructur aid thirdli note soreni direct competitor uk ship repair industri iv comment franc respons decis initi procedur franc submit addit inform comment question soreni firm elig restructur aid franc argu soreni legal entiti constitut fact continu previou ship repair activ elig restructur aid support view argu takeov asset type activ goodwil subsidiari materi human resourc charg result social secur legisl asbesto relat earli retir make liken soreni subsidiari exist firm franc claim soreni view firm remain firm difficulti mean restructur guidelin ow charg work contract asbesto relat earli retir difficulti adapt product tool rationalis asset doubt surround viabil busi plan specif lack market inform franc describ market soreni oper compris activ repair work minor damag prevent mainten work major repair work main competitor soreni arno dunkirk sobrena brest compet soreni nation intern client local client account soreni turnov franc argu exist ship repair activ port size le havr indispens element proper function port soreni ship repair le havr exist franc vital port illustr viabil busi plan franc provid estim turnov cost year restructur plan implement data tabl tabl estim soreni turnov cost soreni year turnov eur annual increas cost eur annual increas franc state reason foreign investor declin activ subsidiari independ qualiti busi plan stem difficulti conclud agreement workforc port author financi difficulti investor proportion measur question franc claim amount correspond minimum relaunch ship repair activ le havr point contribut soreni sharehold assess light fact difficult financi situat franc ask commiss compat financi measur question common market directli basi articl ec treati aid compat restructur guidelin argu ship repair activ essenti proper function port le havr order ensur admiss ship mainten ship indispens port activ servic relat maritim safeti servic relat tourism repair pleasur craft franc argu continu ship repair le havr commun interest line common transport polici promot maritim transport final stress histor strateg reason safeguard ship repair port le havr assess state aid articl ec treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market firstli grant eur soreni french govern constitut financi advantag grant state resourc criterion state resourc appli econom advantag grant region local bodi member state criterion determin applic articl ec treati met grant receiv soreni region haut normandi depart sein maritim citi le havr amount eur grant question intend firm soreni select criterion determin applic articl met thirdli financi measur question confer soreni econom benefit receiv privat sector natur measur distort competit fourthli criterion trade affect met beneficiari carri econom activ involv trade member state case ship repair carri soreni point contradict franc argu simpli quot main quot competitor soreni french confirm unit kingdom note soreni direct competitor domest ship repair industri commiss conclud grant soreni section ii constitut state aid mean articl commiss note franc fail compli oblig articl ec treati inform commiss suffici time enabl submit comment plan grant aid aid consid unlaw derog treati soreni activ ship repair aid grant support activ fall scope special rule state aid applic shipbuild januari rule enshrin framework state aid shipbuild replac shipbuild regul accord commiss notic determin applic rule assess unlaw state aid unlaw state aid aid put effect contravent articl ec treati assess accord text forc time aid grant shipbuild regul applic sake complet irrespect commiss appli shipbuild regul framework state aid shipbuild replac point affect conclus reach assess compat substant criteria assess rescu restructur aid region aid train aid ident articl shipbuild regul stipul aid grant ship repair consid compat common market compli provis regul restructur aid franc purpos aid question restructur activ soreni aid restructur firm activ ship repair sector consid compat common market provid compli articl shipbuild regul refer restructur guidelin lai specif condit applic shipbuild sector commiss examin criteria laid restructur guidelin met elig firm restructur guidelin order elig restructur aid firm qualifi firm difficulti mean guidelin fact commun definit exist commiss firm difficulti unabl resourc fund obtain owner sharehold creditor stem loss intervent public author condemn busi short medium term point restructur guidelin difficulti manifest instanc increas loss diminish turnov grow stock inventori excess capac declin cash flow mount debt rise interest charg fall nil net asset point restructur guidelin stipul newli creat firm elig restructur aid initi financi posit insecur case instanc firm emerg liquid previou firm take firm asset rational exclud newli creat firm elig restructur aid deriv principl creation firm market situat driven decis firm creat chanc oper market concern word capitalis viabl ab initio firm elig restructur aid face start difficulti encount difficulti restructur guidelin difficulti recit link histori firm stem oper firm natur encount type difficulti firm hand face start loss financ invest oper cost initi cover revenu activ cost start busi activ restructur address restructur aid depriv specif purpos limit scope limit scope restructur guidelin appli compani emerg bankruptci proceed involv compani asset firm case principl debt predecessor encount difficulti restructur guidelin decis initi procedur commiss rais doubt soreni firm connect commiss note franc admit soreni repres legal entiti legal person distinct subsidiari franc claim soreni legal entiti distinct predecessor constitut econom continu subsidiari activ asset goodwil subsidiari liabil relat social secur legisl pass soreni consid firm franc argu soreni view firm remain firm difficulti exercis type activ subsidiari bound financi liabil stem social secur legisl commiss agre franc soreni econom continu subsidiari note soreni activ asset goodwil subsidiari workforc liabil stem social secur legisl earli retir worker expos asbesto takeov mark discontinu activ illustr fact creditor subsidiari paid revenu sale recours soreni buyer asset claim franc work contract relat social secur charg asbesto relat earli retir repres liabil soreni liken subsidiari commiss consid social charg simpli legal consequ french social legisl compar respect countri investor quantifi cost acquir asset account set purchas price franc argument soreni view firm firm difficulti commiss note soreni displai sign firm difficulti mean restructur guidelin recit simpli face normal set cost normal start loss attribut embryon natur invest project cost launch commerci activ inevit relat histori firm soreni face type cost sharehold decid creat firm independ previou ship repair activ hypothesi inevit involv start cost purchas machineri hire train staff respect commiss opinion charg relat asbesto relat earli retir liabil subsidiari lead soreni difficulti mean restructur guidelin final worker soreni repres sourc franc prerequisit viabil soreni busi plan consid part asset soreni liabil fact takeov eas soreni entri market reliev firm incur cost recruit train staff sum commiss note financi liabil soreni subsidiari repres continu ship repair activ soreni newli creat firm encount difficulti mean restructur guidelin commiss practic entri forc restructur guidelin firm consid quot quot year creation commiss note soreni creat firm novemb elig restructur aid year creation novemb legal bind decis grant aid soreni novemb condit met commiss conclud soreni elig restructur aid commiss consid doubt express decis initi procedur condit restructur aid fulfil allai inform submit franc restor viabil restructur guidelin grant aid condit implement restructur plan restor long term viabil firm reason timescal basi realist assumpt futur oper condit enabl firm stand feet achiev primarili intern measur involv abandon activ remain structur loss make restructur commiss doubt point aros fact foreign investor declin ship repair activ question commiss lack inform market survei turnov cost estim year cover soreni busi plan franc explain foreign investor withdrawn bid account difficulti relat natur restructur plan financi problem face importantli franc provid commiss detail inform estim oper condit turnov cost period concern basi inform commiss doubt viabil busi plan allai aid limit minimum pursuant restructur guidelin amount intens aid limit strict minimum need enabl restructur undertaken light exist financi resourc firm aid beneficiari expect make signific contribut restructur plan resourc extern financ market condit franc restructur cost amount eur eur invest renew commerci reorganis reorganis product eur salari month oper soreni eur asbesto relat earli retir commiss consid cost salari month soreni oper compens worker expos asbesto takeov regard restructur cost oper cost firm meet resourc commiss restructur cost cost relat restructur plan proper eur soreni grant eur public sourc commiss take view proportion requir met amount aid higher cost elig restructur aid soreni elig restructur aid aid compat restructur guidelin restructur guidelin decis initi procedur commiss examin measur light restructur guidelin adopt disput franc respons decis note shipbuild regul refer articl commun guidelin state aid rescu restructur firm difficulti hereinaft quot restructur guidelin quot replac restructur guidelin commiss conclud restructur guidelin appli reason unaffect firstli firm natur firm difficulti explicit restructur guidelin definit firm difficulti design rescu restructur exist firm newli creat firm criterion quot aid limit minimum quot exist restructur guidelin met present case aid compat restructur guidelin region invest aid decis initi procedur commiss suggest measur question regard region invest aid condit govern compat region invest aid common market laid articl shipbuild regul measur concern region refer articl ec treati intens aid exce ceil determin shipbuild regul measur design support invest upgrad modernis exist yard object improv product exist instal fourth aid link financi restructur yard aid limit support expenditur elig guidelin nation region aid region le havr assist area articl shipbuild regul pursuant region map approv commiss aid intens region exce net accord point guidelin nation region aid elig expenditur defin uniform set item expenditur land build plant machineri accord point elig expenditur includ categori intang invest total present soreni restructur cost tabl commiss reconsid cost light elig region invest aid conclud expenditur shown tabl fulfil criteria recit tabl expenditur elig region invest aid eur item amount build renew plant renew offic build machineri vehicl tool instal shot blast steel plate process facil lorri miscellan portabl mechan tool intang invest acquisit licenc acquisit softwar specif ship repair total commiss accept invest contribut attain goal soreni busi plan point upgrad modernis yard object improv product invest correspond uniform set invest invest build item tabl invest plant machineri item tabl item tabl constitut intang invest acquisit patent softwar commiss observ remain invest item tabl elig region invest aid simpli oper expenditur expenditur train item organis computeris eur tabl commiss conclud inform provid franc satisfi criterion elig region invest aid conclud total expenditur elig region invest aid amount eur eur present base year discount rate maximum allow aid intens net case gross admiss aid amount eur commiss conclud aid soreni partial approv region invest aid extent eur train aid commiss note expenditur list soreni busi plan relat train aid grant entri forc commiss regul ec januari applic articl ec treati train aid hereinaft quot train aid regul quot train aid regul adopt commiss pursuant council regul ec applic articl treati establish european commun categori horizont state aid lex posteriori amend shipbuild regul provid possibl grant train aid shipbuild stipul articl appli train aid grant sector shipbuild includ pursuant train aid regul individu aid compat common market fulfil condit laid regul exce relev maximum allow aid intens cover cost elig articl regul train cost elig aid tabl amount eur fulfil condit laid articl train aid regul tabl expenditur elig train aid eur item amount train train hour year train staff soreni licensor total accord articl train aid regul aid intens case small medium size enterpris area qualifi region aid articl treati exce project involv specif train present case french author part train consid quot gener quot mean articl train aid regul result total amount train aid eur commiss conclud aid soreni partial approv train aid extent eur direct applic articl treati franc ask commiss examin compat financi measur question common market directli basi articl treati argu ship repair activ essenti proper function port size le havr commiss firstli note repair servic offer soreni essenti function port activ principl secur resourc port recours state aid addit approv part aid region invest aid take account region problem involv shipbuild regul constitut specif exhaust set rule applic sector ship repair rank lex speciali relat treati authoris aid direct applic treati circumv object pursu lai specif restrict rule applic sector commiss assess aid question directli basi treati vi conclus commiss find franc unlawfulli implement aid amount eur breach articl treati basi assess aid conclud restructur aid soreni incompat common market meet condit set shipbuild regul restructur guidelin commiss consid aid partli compat common market region invest aid mean articl shipbuild regul train aid mean train aid regul differ amount disburs eur compat amount eur eur eur recov eur differ incompat amount grant eur amount recov eur disburs eur adopt decis articl aid total eur grant franc société de réparat naval industriel soreni eur compat common market region invest aid articl treati eur compat common market train aid articl treati eur incompat common market eur disburs eur made articl franc measur recov beneficiari aid refer articl unlawfulli made beneficiari amount eur recoveri put effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos beneficiari date recoveri interest calcul basi refer rate calcul grant equival region aid refer rate appli composit basi period refer paragraph articl franc inform commiss month notif decis measur plan compli provid inform inform sheet annex hereto articl decis address french republ brussel april commiss mario monti member commiss oj footnot oj substant error quot custom quot read quot competitor quot oj regul amend regul ec oj oj oj oj oj point framework state aid shipbuild oj point oj net grant equival nge gross grant equival gge oj regul amend regul ec oj oj annex inform implement commiss decis april calcul amount recov provid detail amount unlaw state aid put dispos beneficiari date amount aid currenc comment explain detail interest paid amount aid recov calcul measur plan recov aid describ detail measur plan measur effect effect recoveri aid relev legal basi measur plan timet recoveri process recoveri aid complet recoveri effect provid detail amount aid recov beneficiari date amount aid repaid currenc attach proof repay aid amount tabl point