commiss decis april aid grant germani shb stahl und hartgußwerk bösdorf ag notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof parti concern opportun submit comment accord abovement provis februari commiss decid initi proceed articl ec treati respect restructur aid shb stahl und hartgußwerk bösdorf ag hereinaft refer shb notifi germani aid question consist repay grant dem million extens repay period loan dem million bundesanstalt für vereinigungsbedingt sonderaufgaben bv notifi august acquisit share shb valu dem million konsolidierungsfond de freistaat sachsen saxoni consolid fund subject decis june rais object commiss decis initi articl proceed bankruptci proceed initi respect shb octob decis june restructur plan assess complianc guidelin state aid rescu restructur firm difficulti addit aid notifi august germani restructur aid firm aid grant half time correspond germani commiss aid measur complet decis februari commiss point accord guidelin restructur aid grant reason conclud aid incompat examin relev fact context proceed includ condit requir stipul previou decis june restructur plan basi aid measur grant commiss adopt decis june entail closur firm forg capac concentr cast steel product reduct cost raw materi staff firm found capac level estim cost restructur dem million decis initi articl proceed commiss found basi inform time addit aid compli condit guidelin reason notif submit germani suffici detail coher suitabl restructur plan plan submit involv reduct capac fact shb larg compani activ sector overcapac demonstr proportion aid question inform restructur measur convinc bankruptci proceed initi respect firm month aid grant commiss time inform implement origin plan aid measur link decid initi proceed commiss inform german author letter januari bankruptci proceed initi respect shb step enter claim list creditor order ensur repay event commiss adopt neg decis aid letter februari inform germani initi articl proceed commiss repeat request ii letter februari sg inform germani initi articl proceed commiss call germani submit comment suppli inform need commiss assess aid germani state view letter april regist april file number letter inform commiss addit aid design rescu shb threaten bankruptci ow acut liquid crisi attract investor inform suppli germani forese initi bankruptci proceed time addit aid grant begin notifi august german author inform confirm connect bankruptci proceed enter list creditor claim aris aid measur sharehold aid measur declar connect initi bankruptci proceed time write german author detail inform progress implement restructur plan commiss decis june base iii letter germani inform commiss decis initi articl proceed reproduc notic publish offici journal european commun notic commiss ask member state interest parti submit comment franc submit comment proceed letter june wish inform commiss sector question cast steel suffer overcapac french author support commiss interest proper function common market comment forward germani letter juli germani react iv inform suppli germani connect proceed suffici complet enabl commiss reach final decis decis ec commiss formal instruct germani provid month inform enabl assess case stipul germani fail repli inform provid incomplet final decis basi inform commiss request detail state progress implement restructur plan decis base exposit reason econom circumst prompt bv grant addit aid explan restructur plan adapt firm difficulti progress made implement situat insolv proceed germani repli commiss letter august inform decis letter octob octob regist octob octob inform contain commiss learn restructur plan relat commiss decis june adopt implement time correctli aid grant begin design stave initi bankruptci proceed threaten firm result delai occur implement restructur measur restructur plan addit aid present initi grant aid addit aid necessit delai implement plan firm continu oper bankruptci proceed progress aim find investor compani form stahl und hartgußwerk bösdorf gmbh bulk asset belong shb liquid remain fix asset sold bv land saxoni financi involv takeov individu financi measur favour shb notifi germani restructur aid measur form secur equiti hold dem million consolid fund saxoni commiss decis june subsequ repay grant amount dem million deferr redempt payment dem million loan grant measur regard state aid mean articl ec treati shb firm difficulti obtain credit bank privat financi institut addit aid notifi subsequ deem illeg articl grant commiss reach final decis regard prejudg aid compat common market order compat common market aid cover derog exempt provid articl ec treati articl eea agreement purpos assess restructur aid articl ec treati criteria set commun guidelin state aid rescu restructur firm difficulti met aid scheme concern commiss decid examin restructur plan compat common market object rais decis june base restructur measur closur firm forg capac concentr cast steel product increas product capac reduct staf level product cost measur design enabl shb regain long term profit viabil inform commiss letter octob plan implement correctli time plan basi commiss adopt decis june declar aid question compat common market commiss oblig conclud aid approv june grant accord condit set decis point iv commun guidelin state restructur aid firm implement restructur plan full fail commiss articl ec treati measur recov aid provid amend origin decis basi notif fact german author decid approv addit aid firm financi difficulti decis grant aid adopt proof plan enabl firm restor profit long term commiss receiv notif addit aid august month firm file bankruptci inform inform submit addit aid divid instal paid januari germani justifi decis grant instal dem million letter novemb regist file novemb stress stave liquid crisi order avoid bankruptci time bv decid defer repay fund paid period januari septemb prevent bankruptci bv hope part privatis find investor firm integr group foundri group question subsequ withdrew project basi condit approv instal classifi rescu aid restructur aid german author portrai definit contain point commun guidelin aid respit long term solut work point guidelin rescu aid order compat common market form loan guarante repay loan contrast aid approv shb januari consist repay grant defer redempt payment loan regard loan term interest rate unknown commiss part aid grant form repay grant compli requir laid guidelin defer redempt payment commiss possess complet inform rescu aid restrict amount need paid time need devis recoveri plan guidelin stipul gener exce month defer redempt payment period month januari septemb condit rescu aid deem met shb receiv total dem million form repay grant period januari juli defer redempt payment amount dem million aid notifi restructur aid notif accompani inform restructur plan adopt decis februari commiss found basi inform dispos restructur plan meet relev condit guidelin plan basi addit aid approv submit commiss purpos assess initi aid octob forecast contain plan state firm end posit result result obtain match plan forecast delai implement plan mean plan longer coher assumpt base unrealist correct made commiss unabl conclud restructur plan firm return long term profit viabil shb oper sector found forg structur overcapac forg activ plan close full commiss detail descript measur implement germani precis closur postpon plan envisag addit capac reduct aid doubl plan closur firm forg capac properli put effect aid grant shb larg firm locat region fall scope articl ec treati larg firm oper sector characteris overcapac carri reduct capac proportion amount aid receiv order avoid undu distort competit provid plan extract plan submit commiss inform recipi contribut restructur similarli undertak implement monitor ensur adher plan oblig submit annual report implement vi view virtu section commiss find aid grant shb notifi restructur aid satisfi condit set commun guidelin state aid rescu restructur firm difficulti aid deem incompat common market adopt decis articl restructur aid measur grant germani shb stahl und hartgußwerk bösdorf ag incompat common market accord articl ec treati articl eea agreement meet condit derog exempt articl ec treati articl eea agreement equiti hold dem million consolid fund saxoni repay grant dem million loan dem million respect decid repay defer articl germani measur ensur repay aid grant illeg amount repaid bear interest date aid grant rate equal refer rate calcul net grant equival region aid germani applic date aid recov accord procedur provis german law applic provis appli make repay imposs articl germani inform commiss month date notif decis measur compli decis articl decis address feder republ germani brussel april commiss karel van miert member commiss aid letter sg june oj oj oj