commiss decis decemb state aid favour bestwood kynder gmbh gv german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area subparagraph articl thereof notic accord articl ec treati interest parti submit comment decemb commiss decid open proceed articl ec treati state aid bestwood kynder gmbh bestwood bestwood gmbh gv mecklenburg vorpommern germani biggest produc chipboard fibreboard product worker file bankruptci disappear market bestwood state own privat treuhandanstalt receiv aid total dm million guarante dm million payment basi aid scheme approv commiss basi treuhandregim bestwood receiv long term loan dm million interest rate year framework consolid programm land mecklenburg vorpommern aid scheme approv commiss approv condit loan award enterpris exceed ceil small medium size enterpris sme notifi commiss individu loan question notifi commiss bestwood sme mean definit commiss recommend ec attempt privat enterpris unsuccess irregular privat process purchas suspect misappropri aid grant privat process german public prosecutor start investig owner left switzerland german court decid author mecklenburg vorpommern seiz control asset owner locat germani order secur claim compens irregular link privat led continu econom problem enterpris produc fashion ineffect antiqu machin decemb share bestwood transfer payment dm sharehold compani nordlb bank wholli state own object transfer find quickli purchas bestwood develop restructur concept ensur futur profit viabil enterpris context takeov bestwood receiv risk exempt form guarante land mecklenburg vorpommern loan nordlb amount dm million guarante notifi commiss germani privat bestwood time privat requir addit aid amount dm million commiss conclud dm million long term loan dm million guarante constitut aid notifi commiss pursuant articl ec treati doubt compat aid derog set articl ec treati commun guidelin state aid rescu restructur firm difficulti decid open procedur articl ec treati aid order expedit proceed posit examin aid bestwood time decid includ aid envisag privat proceed letter germani publish offici journal european commun ii letter date januari germani inform commiss interest rate dm million loan increas retroact effect date award credit letter date februari germani inform commiss bestwood receiv dm million order enterpris busi commiss arriv final decis notif aid follow addit germani inform commiss bestwood file bankruptci decemb purchas found bestwood sold context privat german author submit privat concept elabor purchas order transfer bestwood purchas free debt land mecklenburg vorpommern pai dm million bank smaller creditor credit secur land build equip own bestwood final purchas promis aid form direct grant guarante exceed allow aid ceil länder propos aid consist dm million liquid support purchas maximum invest grant gemeinschaftsaufgab invest grant guarante cover sum newli invest bestwood letter date februari germani inform rescu aid period articl procedur approv requir commun guidelin state aid rescu restructur firm difficulti fulfil addit germani request state announc rescu aid part dm million guarante procedur open aid inform request system bankruptci länder commiss view claim creditor met sale asset bankrupt enterpris state final german author inform commiss arriv conclus previou aid bestwood approv aid privat extent propos approv letter date march germani inform commiss propos dm million rescu aid dm million guarante procedur open dm million payment creditor bestwood leav bankrupt enterpris properti free charg german author argu aid framework privat purchas found tender compani submit bid purchas final retain pai symbol sum dm enterpris asset free debt letter germani inform commiss local court stralsund decid open bankruptci proceed march date addit aid paid bestwood propos dm million rescu aid bankrupt compani administr compani busi takeov place payment made respect dm million risk exempt relat nordlb nordlb grant guarante loan amount approxim dm million favour bestwood expect claim made land nordlb recov amount sale bestwood asset letter date juli germani inform commiss notif administr compani liquid exhaust june assembl bestwood creditor approv shut bestwood activ june bestwood disappear market administr begun dismiss bestwood employe process complet juli bestwood ceas exist german author confirm addit aid notic letter februari detail letter date march base restructur concept reject region author notif aid disregard commiss aid grant german author confirm bankruptci proceed complet german bankruptci rule intervent state addit aid takeov place sale bestwood asset purchas full freedom manoeuvr case longer link bestwood enterpris aid grant context purchas asset examin commiss independ iii letter date juli commiss transmit german author comment parti italian swedish associ plywood produc danish competitor receiv occas public notic open proceed matter parti express concern impact capac bestwood restructur financi support state argu bestwood restor viabil signific increas capac output affect competit market exist overcapac damag competitor receiv financi support state danish competitor express doubt bestwood restructur surviv market point wood suppli mecklenburg vorpommern suffici suppli bestwood wood bestwood purchas wood german länder poland baltic state bestwood confront transport cost exceed cost competitor locat area suffici suppli wood addit furnitur product plant mecklenburg vorpommern bestwood market area sell product part germani denmark sweden increas transport cost iv letter date august german author transmit respons comment parti german author confirm bestwood shut activ juli disappear market bestwood receiv addit aid aid commiss open articl proceed aid grant context privat contrari origin envisag proceed open articl proceed confirm commiss view financi measur land mecklenburg vorpommern open procedur deem aid mean articl ec treati compli condit exempt set articl guidelin control state aid rescu restructur firm difficulti framework aid approv dm million long term loan constitut aid mean articl ec treati articl eea agreement interest rate loan increas retroact refer rate correspond normal condit privat sector order obtain credit loan light except financi difficulti bestwood face privat bank grant loan secur land mecklenburg vorpommern aid grant bestwood distort competit affect trade member state extens trade particleboard fibreboard product germani member state germani export tonn particleboard product member state ecu million tonn fibreboard product ecu million import tonn particleboard product ecu million tonn fibreboard product ecu million germani market share commun trade particleboard sector fibreboard sector bestwood worker major produc particleboard fibreboard product commun averag complement industri worker enterpris bestwood strongli involv intra commun trade product export denmark sweden aid serv improv bestwood posit common market compar competitor receiv state support measur repres aid mean articl ec treati articl eea agreement notifi articl ec treati exempt oblig basi approv consolid programm land mecklenburg vorpommern bestwood employe moment grant aid exceed sme ceil germani compli requir aid grant unlawfulli aid regard law substanc derog articl treati appli except set articl ec treati appli case purpos aid correspond purpos refer bestwood locat area underemploy standard live abnorm low aid promot econom develop area articl ec treati consid compat common market case aid contribut promot econom develop region aid serv busi loss make firm invest job creat aid compli relev horizont commun guidelin state aid enterpris commun guidelin state aid rescu restructur firm difficulti appli bestwood firm difficulti unabl recov resourc guidelin rescu aid consist liquid form loan guarante loan bear normal commerci interest rate dm million loan interest rate retroact increas refer interest rate valid germani time grant aid meet criterion guidelin german author produc evid link loan actual restructur measur guidelin requir rescu aid grant procedur clear aid intend maintain statu quo postpon inevit time transfer attend industri social problem effici produc member state support restructur process initi rescu aid grant aid unduli distort competit overcapac particleboard fibreboard industri larg gap product capac demand past continu grow futur annual growth rate product estim consumpt expect grow annual pressur competit sector balanc grow export export commun steadi past expect steadi futur overcapac commun competit pressur increas due grow import eastern european countri benefit trade agreement commun loan bestwood harm competitor dm million risk exempt relat nordlb loan fact guarante final beneficiari bestwood constitut aid mean articl ec treati articl eea agreement aid element guarante gener equal differ rate interest loan rais normal market term actual rate secur virtu guarante disregard premium commiss consist view ow undertak sever financi circumst credit institut agre lend state guarante entir amount loan regard aid cf decis ec risk exempt precondit nordlb financi engag bestwood liabil amount dm million clear aid element high risk guarante correspond full nordlb financi engag risk exempt reason dm million loan liabl distort competit trade member state risk exempt base approv aid scheme notifi individu articl ec treati germani compli oblig aid formal illeg guarante approv commiss serv avert bestwood insolv proceed articl preced commiss approv rescu aid nino textil case danger enterpris concern articl proceed surviv econom file bankruptci final decis aid support state prerequisit approv commiss risk exempt compli commun guidelin state aid rescu restructur firm difficulti risk exempt form guarante loan bear normal interest rate restrict amount absolut bestwood busi cover wage salari cost routin suppli paid time need gener exceed month devis feasibl recoveri plan addit rescu aid grant singl payment instal spread month period commiss inform payment order ensur payment run cost proceed german govern unabl demonstr risk exempt fulfil requir result risk exempt approv fulfil criteria set write debt approxim dm million envisag land mecklenburg vorpommern event privat releas potenti purchas oblig constitut aid mean articl ec treati proceed clear german author depart origin plan bestwood busi purchas found privat bestwood place bestwood conclus bankruptci proceed disappear market compani wound complianc german bankruptci rule employe dismiss eventu purchas bestwood asset enjoi freedom manoeuvr hire employe continu product context bankruptci proceed aid award addit dm million loan dm million risk exempt commiss open proceed take fact account commiss conclud loan land mecklenburg vorpommern amount dm million risk exempt amount dm million regard aid derog articl ec treati appli vi case aid deem incompat common market commiss requir member state recov aid recipi aid bestwood compat common market recov assess chang fact bestwood file bankruptci disappear market aid collect bestwood asset sold creditor satisfi profit sale recoveri aid made accord german law includ provis interest due late payment amount ow state interest run date award aid case law court justic aid recov relev provis appli recoveri requir commun law render practic imposs procedur difficulti difficulti regard implement measur influenc law adopt decis articl state aid form long term loan dm million risk exempt guarante amount dm million bestwood kynder gmbh unlaw grant land mecklenburg vorpommern germani compli oblig inform commiss articl ec treati grant aid incompat common market mean articl ec treati articl germani ensur aid bestwood kynder gmbh refer articl recov month date notif decis recoveri aid made accord procedur provis german law recoveri amount ow state includ interest date grant aid basi refer rate appli date calcul net grant equival region aid feder republ germani provis appli recoveri requir commun law render practic imposs procedur difficulti regard implement measur influenc effect articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel decemb commiss karel van miert member commiss oj oj oj oj commiss commun novemb oj judgement court justic case commiss germani ecr case deufil commiss ecr letter commiss member state sg march note case belgium commiss ecr paragraph