commiss decis decemb state aid grant germani maschinenfabrik sangerhausen samag 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 interest parti notic submit comment accord articl maschinenfabrik sangerhausen gmbh hereinaft refer samag privatis june juli insolv proceed gesamtvollstreckungsverfahren insolv proceed prior takeov wind compani procedur feder länder equival konkursverfahren rest germani initi compani asset unabl pai creditor debt exceed asset juli germani notifi aid amount dem million land saxoni anhalt made samag februari commiss decid initi proceed pursuant articl ec treati respect aid grant form subsidi intend financ recoveri asset locat abroad subject reserv titl busi concern short time land origin provid subsidi order achiev milder term insolv proceed order assist employe supplier creditor identifi sourc capit complet partial takeov busi satisfi creditor wind asset insuffici begin samag insolv proceed aid orderli liquid busi dem million dem pai interest bridg loan redund payment wind administr wind commiss uncertain part aid constitut gener measur aid mean articl commiss decis publish offici journal european commun interest parti notic submit comment ii germani provid detail aid letter march novemb june decemb state aid dem payment interest bridg loan redund payment wind administr wind dem purchas materi complet outstand order secur releas materi held reserv titl samag core busi foundri dem complet perform contract foundri dem payment public util ga water electr dem made juli august foundri dem repatri samag asset abroad aid made continu insolv proceed orderli manner compani put liquid reason insuffici asset complet perform contract outstand time initi insolv proceed entir compani includ foundri ceas trade octob order busi continu month asset sold separ public call offer iii unit kingdom support commiss initi investigatori proceed ground samag enterpris viabl long term rescu machin tool foundri busi advers affect competit industri germani repli enterpris complet ceas trade comment call iv assist dem million constitut state aid mean articl paid specif enterpris industri consider trade member state ascertain aid consid compat common market articl saxoni anhalt assist area purpos articl assist classifi aid promot region develop keep enterpris concern short time month contribut develop area exempt prohibit aid articl preclud assist facilit develop econom activ meet condit commun guidelin state aid rescu restructur firm difficulti hereinaft refer quot guidelin quot reason set assist consid rescu aid provid form permit guidelin liquid form loan guarante loan bear normal commerci interest rate approv likewis assist classifi restructur aid purpos guidelin condit restructur plan creation job sole intend permit outstand contract perform identifi person interest take busi constitut oper aid incompat commun competit rule exempt articl exclud aid dem million incompat common market sum dem paid land meet interest loan administr wind bridg financ redund payment wind articl law promot labour arbfg employe entitl redund payment maximum month wage receiv reason wind enterpris parti respons payment feder labour offic bfa provid condit articl seq arbfg fulfil bfa enjoi discret make redund payment wind articl arbfg payment made employe claim payment bfa bfa gener make redund payment wind month initi wind secur employe subsist recognis practic privat bank provid loan employe bfa recours gener provis law applic wind articl regul insolv proceed read conjunct articl thereof bfa claim rank preferenti debt wind mean redund payment classifi gener social measur context wind bfa enjoi discret case land saxoni anhalt provid assist amount dem payment interest loan agre behalf employe administr wind privat bank bridg loan redund payment wind land date present claim dem asset wind interest regularli paid asset wound land put forward claim asset wind increas amount constitut econom advantag insolv enterpris case constitut aid purpos articl ground relat grant aid dem million aid exempt articl consid incompat common market recov adopt decis articl articl ec treati articl eea agreement state aid paid germani maschinenfabrik sangerhausen gmbh samag form grant amount dem million compat common market function eea agreement articl germani step recov recipi enterpris state aid articl recoveri carri accord procedur provis german law interest payabl date payment date actual recoveri rate equal refer rate calcul net grant equival region aid articl germani inform commiss month date notif decis measur compli therewith articl decis address feder republ germani brussel decemb commiss karel van miert member commiss oj oj implement order bfa octob upheld feder social court settl case law