commiss decis octob state aid implement germani jahnk stahlbau gmbh hall 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 call interest parti submit comment pursuant provis cite procedur letter date decemb germani inform commiss aid measur jahnk stahlbau gmbh hall hereinaft jahnk case regist nn letter date march commiss inform germani decid initi procedur laid articl ec treati respect aid notifi asset sale commiss decis publish offici journal european commun commiss call interest parti submit comment pursuant articl council regul ec march lai detail rule applic articl ec treati commiss order germani submit inform enabl verifi consolid loan land saxoni anhalt grant accord approv aid scheme commiss receiv comment interest parti novemb januari germani submit comment open procedur januari germani inform commiss jahnk appli insolv juli germani inform commiss jahnk insolv proceed open februari ii descript jahnk base hall saxoni anhalt germani jahnk steel construct compani saxoni anhalt area elig region aid pursuant articl ec treati background jahnk set novemb mr bernd jahnk manag director steel construct compani jahnk stahlbau gmbh lenzen hereinaft jahnk lenzen object asset hamesta steel gmbh hereinaft hamesta compani file bankruptci hamesta successor hallesch metal und stahlbau gmbh gv bankruptci hallesch metal und stahlbau gmbh privatis treuhandanstalt sold thuringia ag privatis involv law aid eur million novemb hamesta receiv inform mr jahnk sell hamesta asset agreement meet creditor view sale envisag jahnk utilis asset monthli fee eur payabl januari februari draft takeov agreement drawn hamesta receiv mr jahnk term asset acquir investor envisag purchas price eur million meantim creditor meet decid proce execut takeov agreement sell asset public auction takeov agreement certifi remain ineffect hamesta receiv mr jahnk sign rental agreement monthli rent eur durat unlimit month notic termin year end novemb germani inform commiss order obtain asset jahnk envisag take lien held hamesta creditor order secur posit buyer end jahnk conclud agreement creditor lien return eur million germani public auction hamesta asset place jahnk subject insolv proceed public auction hamesta asset origin schedul place end insolv proceed jahnk conclud mid march jahnk employe gener turnov eur million eur million oper profit eur eur jahnk lenzen gener turnov eur million eur million oper profit eur eur jahnk lenzen emploi peopl aid measur propos cost fund restructur chang significantli compar inform initi provid commiss letter date septemb financ requir set financ requir eur origin fund eur round figur investor fund sparkass hall land saxoni anhalt bundesanstalt für vereinigungsbedingt sonderaufgaben bv purchas price million million guarante loan million asset current account share capit financ order start cost consolid loan total million million purchas price asset eur million purchas price asset financ bank loan eur million secur guarante provid land saxoni anhalt remain secur lien properti guarante land saxoni anhalt provid approv guarante scheme condit scheme criteria set commun guidelin state aid rescu restructur firm difficulti hereinaft guidelin fulfil germani bank loan purchas asset guarante provid financ start measur cover start cost jahnk need work capit total eur million order financ current account facil end investor contribut eur bv loan total eur land saxoni anhalt loan eur subject approv commiss loan bv convert grant work capit need mainten measur interim financ outstand claim order financ german author normal practic steel construct industri order guarante bank outset work complet product deliv custom guarante claim year restructur plan germani central restructur plan drawn investor investor acquir introduct effect control tighten manag reduct administr expenditur restructur oper area increas distribut network jahnk lenzen restructur period decemb novemb restructur plan foresaw turnov annual result eur million eur eur million eur eur million eur actual turnov annual result eur million eur eur million eur restructur plan consist germani measur manag employe germani reason ultim result insolv hamesta inadequ manag hamesta overstaf oper administr depart result high cost ineffici manag total staff reduc product staff manag staff level cut addit perman staff extern consult lawyer busi advis task previous perform hous control germani past hamesta manag order unbusinesslik manag fail track addit work contract custom charg led turn contract wrongli cost part restructur enterpris decemb start made introduct comprehens busi manag plan incorpor formul target target base manag indic target attain involv modern softwar account busi plan real time cost contract process product effici manufactur exist warehous stock properli list monitor warehous manag system order reduc wast offcut jahnk obtain steel requir directli steelwork idea steelwork cut raw materi requir size contract deliv jahnk privat rail link focu busi area rang custom diversifi branch newer profit activ hamesta manag aim process steel shortest time jahnk object produc high qualiti sophist steel structur hamesta specialis area steel structur manufactur jahnk hall develop rang higher qualiti product cooper architect enterpris manag develop wide rang hangar incorpor glass wood element main steel structur order facilit hous product turnkei hangar jahnk bau gmbh set conjunct jahnk lenzen view carri work product concret foundat steel hangar market distribut jahnk link exist distribut network jahnk lenzen systemat approach market adopt germani jahnk establish custom base includ enterpris rate skill reliabl supplier interest place busi market analysi jahnk activ steel construct industri nace code geograph import market jahnk germani market share market share europ german author suppli contract european market amount eur inform provid germani structur excess product capac german market capac utilis western germani eastern germani eu market start jahnk continu reduc capac discontinu number activ improv cost structur reduc staff present purpos aid enabl recipi expand product capac financ start cost open investig procedur letter date februari commiss inform germani decid open procedur laid articl ec treati absenc clarif question jahnk newli creat firm elig restructur aid accord guidelin restructur plan present fulfil viabil criteria guidelin competit unduli distort aid guarante land saxoni anhalt envisag provid accord criteria laid applic aid scheme commiss consid guarante ad hoc aid commiss order germani pursuant articl regul ec submit inform enabl verifi consolid loan land saxoni anhalt grant accord criteria laid applic aid scheme iii comment germani respons open investig procedur germani view letter date novemb hamesta receiv mr jahnk regard takeov agreement jahnk fell except gener prohibit restructur aid newli creat firm provid footnot guidelin german author point jahnk hamesta stock invest eur repair germani maintain restructur plan suit restor jahnk long term viabil avoid undu distort competit german author submit addit inform applic scheme land saxoni anhalt grant consolid loan opinion loan grant accord condit scheme germani remind commiss restructur aid newli creat firm approv past refer commiss decis august aid homatec industrietechnik gmbh homatec ambau stahl und anlagenbau gmbh ambau januari juli germani inform commiss jahnk appli insolv proceed mid iv assess aid state aid mean articl ec treati 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 pursuant establish case law court european commun criterion trade affect met recipi firm carri econom activ involv trade member state jahnk receiv bv loan total eur land saxoni anhalt consolid loan amount eur land prepar provid addit guarante order secur bank loan grant order financ sale price asset measur confer jahnk advantag compani econom difficulti obtain financi market land saxoni anhalt part feder structur germani constitu state feder share public author bv likewis public bodi financ activ public monei act public institut term refer requir privatis enterpris keep behalf author public interest reason measur imput state measur issu grant state resourc individu compani favour reduc cost bear want carri restructur project recipi aid jahnk activ steel construct manufactur product trade member state aid threaten distort competit fall scope articl ec treati derog prohibit articl ec treati grant articl articl treati germani claim aid authoris articl evid provis appli case fall articl ec treati commiss discret permit state aid circumst derog articl invok present case relev articl ec treati empow commiss approv state aid meant improv econom develop region low live standard employ level land saxoni anhalt region case main purpos aid promot develop econom sector promot econom develop region aid restructur compani accord restructur plan present fall assess articl ec treati articl jahnk sme mean commiss recommend ec april definit small medium size enterpris grant aid approv scheme decis open investig procedur commiss note land saxoni anhalt intend provid loan guarante guarante guidelin land saxoni anhalt scheme approv commiss hereinaft call guarante scheme guarante eur million provid order secur loan total eur million land saxoni anhalt grant consolid loan amount eur germani loan grant accord guidelin grant consolid loan small medium size busi land saxoni anhalt scheme approv commiss hereinaft call scheme case scheme order aid grant condit met case restructur aid limit restructur plan restor long term viabil recipi addit combin substanti contribut recipi lastli minimum requir restor recipi competit scheme prohibit invest aid newli creat firm consolid loan land saxoni anhalt commiss issu inform injunct pursuant articl regul ec enabl determin measur fulfil condit scheme envisag guarante commiss rais doubt fulfil condit guarante scheme restor long term viabil aid initi invest newli creat firm commiss consid envisag guarante ad hoc aid respons inform injunct decis open formal investig procedur germani view measur grant grant accord condit laid respect scheme reason point commiss consid restructur plan present fulfil viabil criterion guidelin consid jahnk inelig restructur aid consid loan guarante land saxoni anhalt grant grant accord condit respect scheme measur fulfil condit applic aid scheme treat ad hoc aid total amount ad hoc state aid mean articl ec treati assess present decis eur million restructur aid jahnk commun guidelin state aid rescu restructur firm difficulti commiss spell detail criteria assess aid purpos restructur compani elig restructur aid point guidelin newli creat firm elig rescu restructur aid initi financi posit insecur case instanc firm emerg liquid previou firm take firm asset except rule case dealt bv context privatis remit similar case länder involv compani emerg liquid takeov asset occur decemb decis open formal investig procedur commiss note jahnk regist novemb newli creat firm rais doubt jahnk fell except gener prohibit restructur aid newli creat firm liquid hamesta asset jahnk consid asset creditor meet decid proce sale asset jahnk hall dispos public auction comment germani view letter date novemb receiv mr jahnk regard takeov agreement letter receiv envisag jahnk utilis asset time sale place german author point decemb jahnk oper busi hamesta mr jahnk compani jahnk lenzen made commit germani argu commiss approv aid newli creat firm number instanc refer homatec ambau case german author takeov hamesta asset jahnk occur novemb receiv inform mr jahnk envisag sell asset jahnk provid secur agreement creditor meet meantim agreement tenant asset mr jahnk utilis asset price eur payabl januari februari draft sale contract drawn appear hamesta creditor meet agre sale contract prefer sell asset public auction rental agreement unlimit durat sign germani arrang auction place order ensur jahnk acquir asset auction acquir lien hamesta creditor asset jahnk hamesta stock purchas price eur invest eur repair asset hamesta receiv inform mr jahnk letter date novemb intent sell jahnk hamesta asset purchas price eur million provid secur agreement creditor meet asset time rent march latest receiv propos mr jahnk agreement tenant utilis asset fee eur payabl januari sale contract conclud receiv jahnk februari effect hamesta creditor meet prefer sell asset public auction rental agreement receiv jahnk conclud agreement termin month notic year end expir hamesta receivership commiss consid follow letter novemb receiv commit final takeov asset jahnk receiv propos mr jahnk agreement tenant utilis asset indetermin durat mr jahnk utilis asset time receiv termin agreement legal deadlin receiv manifestli unabl novemb enter long term commit takeov asset agreement creditor meet clear februari creditor meet favour direct asset sale jahnk prefer sell asset public auction public auction hamesta asset place german author asset establish auction place schedul end commiss assum jahnk acquir asset oper perman basi present case homatec ambau case fell guidelin state aid rescu restructur firm difficulti ow except circumst prevail länder commiss authoris guidelin restructur aid firm newli creat form call quot auffanglösung quot homatec ambau auffanglösungen relev criteria guidelin satisfi commiss approv restructur aid compani time present case concern applic guidelin auffanglösung concept limit case dealt decemb circumst present case factual econom oper hamesta jahnk long term basi basi offer receiv utilis asset time receivership close present case aforement case case fall assess stricter guidelin commiss appli criteria homatec ambau case reason set commiss jahnk fulfil criteria exempt gener prohibit restructur aid newli creat firm commiss believ consider elig restructur aid reason find aid meet condit favour exercis discret articl ec treati order assess measur fulfil criteria approv aid scheme commiss examin relev criteria guidelin restor viabil guidelin restructur plan restor long term viabil health firm reason timescal basi realist assumpt futur oper condit fulfil viabil criterion restructur plan consid capabl put firm posit cover cost includ depreci financi charg gener minimum return capit complet restructur firm requir inject state aid compet market place merit decis open formal investig procedur commiss note cooper jahnk lenzen main element restructur plan commiss point connect endors restructur plan definit beneficiari aid necessarili posit carri restructur measur commiss rais doubt investor financi resourc acquir asset light fact restructur period end novemb public auction place march septemb commiss rais doubt restructur plan restor long term viabil jahnk accord guidelin inform set appear jahnk unabl perman acquir hamesta asset show undertak viabl reason jahnk acquir asset futur bank loan eur million financ sale price asset grant investor limit financi resourc jahnk appli insolv weak restructur plan li fact time precondit implement takeov asset financi secur inform submit open procedur conclus drawn point clear commit financ bank inform show investor obtain lack financi support resourc alloc financ start measur plan profit busi insuffici commiss initi doubt confirm fact actual perform jahnk expect restructur plan foresaw annual result eur eur actual result eur eur commiss restructur plan base realist assumpt jahnk restor long term viabil reason timescal distort competit restructur plan measur offset advers effect competitor aid involv contrari common interest elig exempt pursuant articl ec treati impli undertak concern activ market eu object assess suppli demand show structur excess product capac restructur plan make signific contribut proportion amount aid receiv restructur industri serv relev market irrevers reduc close capac case structur excess product capac commiss requir reduct capac return aid germani provid commiss detail inform situat steel construct market commiss satisfi structur excess product capac market jahnk hall predominantli activ german market market share european market market share jahnk sme restructur plan provid increas product capac commiss consid criterion guidelin fulfil proportion restructur cost benefit amount intens aid limit strict minimum need enabl restructur undertaken commiss opinion proportion expect benefit investor make signific contribut restructur cost resourc basi inform provid germani propos contribut investor total cost jahnk firm small medium size categori commiss justifi take restrict attitud aid opinion investor contribut reason conclus light consider commiss find initi doubt undu distort competit proportion aid allai condit set guidelin elig compani viabil restructur plan met aid consid incompat common market commiss find feder republ germani unlawfulli grant aid eur breach articl ec treati unlawfulli grant aid consist loan bv total eur loan land saxoni anhalt amount eur repaid recov recipi adopt decis articl aid germani grant jahnk stahlbau gmbh form loan bv total eur loan land saxoni anhalt amount eur incompat common market articl aid germani grant form eur guarante land saxoni anhalt favour jahnk stahlbau gmbh incompat common market articl germani measur recov aid refer articl unlawfulli made recipi recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul grant equival region aid articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel octob commiss mario monti member commiss oj footnot oj guarante guidelin land saxoni anhalt circular april bürgschaftsrichtlini de land sachsen anhalt rderl vom oj grant guidelin grant consolid loan small medium size busi land saxoni anhalt richtlini über die gewährung von konsolidierungsdarlehen mittelständisch unternehmen im land sachsen anhalt aid scheme approv commiss number homatec decis oj ambau commiss decis ec oj oj annex articl paragraph adapt circular ministri financ date april march oj guidelin applic part aid grant publish point guidelin oj firm evolv bankruptci proceed take econom oper bankrupt busi