commiss decis novemb aid grant franc good consum electron connect purchas grundig plant creutzwald notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof accord abovement articl parti concern notic submit comment procedur public articl press commiss attent drawn aid french author plan grant grundig plant creutzwald recent acquir good consum electron hereinaft gce inform french author commiss request june march document attach letter januari confirm aid grant aid packag research develop amp restructur refer back aid packag total frf million ecu million grant quot electron industri quot scheme approv commiss total frf million ecu million frf million provid state frf million region author case aid grant ad hoc basi purchas grundig plant gce part takeov plan initi march object restructur firm good electroniqu sa hereinaft gesa restor long term viabil guidelin action put forward buyer focus reorient product qualiti mono televis set introduct satellit receiv technolog market rapid growth potenti ii establish degre product secur order guarante sharehold grundig iii reduc output employ iv acquir popular brand sell larg proport product creat distribut manufactur network origin equip manufactur oem gesa emploi person fewer employe grundig plant restructur order rationalis invest gesa cut capac televis set year set produc grundig gce gesa oper european market estim output market studi commun french author million colour televis set market share time year demand european market account million set juli french author inform commiss gesa file bankruptci june data posit firm compulsori administr wind proceed subsequ reach commiss recent octob occas examin case french author ask commiss account recent develop legal proceed decid initi proceed articl treati decis quot make difficult firm recov quot gesa grant observ period month renew time metz region court tribun de grand instanc accord law januari compulsori administr wind proceed april franc inform commiss februari region court declar gesa bankrupt order suspend buyer cofidur offer purchas compani court allow gesa asset transfer cofidur set compani continent edison french author complet compani attach past june franc inform commiss plan grant fresh aid cofidur firm acquir gesa asset examin aid commiss decid februari initi proceed articl treati dai commiss decid initi proceed provis respect aid gesa refer franc inform decis letter april publish offici journal european commun june commiss gave interest parti notic submit comment aid question repli receiv member state parti ii observ articl procedur reason commiss initi proceed reason commiss decid initi proceed indic transact propos gce compli commun guidelin state aid rescu restructur firm difficulti hereinaft refer quot commun guidelin quot evid restructur plan submit ensur long term viabil firm reason time commiss doubt realist natur assumpt futur oper condit format forward account call question posit result firm expect achiev end restructur view doubt conclud forward account year liquid forecast financ plan commun french author reliabl evid provid competit distort market segment gesa plan oper qualiti mono televis set screen cm rang product set doubl end restructur plan failur complet restructur plan ow problem suppli compon difficulti encount gesa commiss unlik franc regard difficulti intern gener caus firm doubt sharehold real intent carri recoveri plan devis doubt confirm fact aid frf million grant quot electron industri quot scheme paid failur provid compet author administr certif research work undertaken financi posit cge group gesa sharehold appear examin detail french author fact gce fact ceas exist financi stabil cessat busi impli condit requir commun guidelin satisfi futur comment present french author letter june franc forward comment commiss firstli reject commiss doubt forecast firm return viabil base forecast unrealist nich small screen set expand ow gradual increas number televis set household strategi asian import partial replac gesa product respons specif demand larg scale distributor french author increas turnov explain low initi turnov comparison grundig output point gesa handicap lack order difficulti honour ow extern difficulti period difficulti caus shortag cathod rai tube industri accid gesa main supplier predict cut product cost gesa base develop chassi highli integr flexibl adjust easili european standard predict base exist effici highli autom product plant capabl manufactur integr chassi asian competitor segment market lastli order benefit fulli autom product output consider prove imposs compon suppli problem continent edison brand french author state consum electron firm decid period increas european output similar product cut import asia franc reject commiss argument aid distort competit commun produc gesa aim segment occupi lead european brand manufactur except product made grundig target contrari market bottom rang product essenti import asia produc small scale commun franc disput find author suffici examin financi posit gce group franc time takeov medium size absenc french market state contrari undertaken investig ensur gce viabl investig uk compani good reput base posit cut edg market satellit receiv person reput group head princip sharehold busi connect grundig group hand franc share commiss doubt intent gce sharehold complet recoveri plan devis sharehold fail honour commit promis diversifi product creutzwald transfer product satellit receiv import part plan brought signific amount busi plant behaviour sharehold effect limit resourc firm made imposs pai amp aid bank loan depriv firm frf million suspect fund misappropri short franc stress difficulti encount firm root except unpredict natur sharehold conduct combin unfavour event separ order error shortag electron compon cathod rai tube multipli effect unpredict event handicap gesa failur restructur plan attribut factor iii assess aid back aid grant gesa constitut state aid mean articl treati enabl recipi undertak restructur bear full cost firm market state initi proceed fierc competit european televis set industri caus continu price cut larg number set import countri data commiss possess franc share intra commun trade colour televis averag fall balanc intra commun trade franc deficit period except slight surplu record commiss regret franc fail notifi restructur aid time submit comment accord articl treati fail notifi measur franc compli oblig treati fail compli oblig decid pai promis aid await commiss decis compat aid question unlaw aid compat common market except provid articl treati aid social charact grant individu consum intend make good damag caus natur disast except occurr aid exempt articl aid consid compat articl intend promot econom develop area standard live abnorm low unemploy mean articl accord commiss commun method applic articl nation region aid aid intend promot import project common european interest remedi disturb economi member state promot cultur heritag conserv assess compat aid confin except provid articl light relev commun guidelin guidelin commiss consid aid contribut develop econom activ affect trade extent contrari gener interest provid condit met commiss approv aid restructur plan satisfi gener condit return long term viabil undu distort competit aid proportion cost benefit restructur plan implement full proceed initi basi inform suppli commiss condit laid commun guidelin appar satisfi preliminari comment year restructur plan initi cge acquir grundig plant march complet clear bankruptci petit lodg june french author fact gesa bankrupt year launch restructur plan proof oper forecast forward account unrealist time aid grant commiss examin relev plan light requir guidelin moment decis invest grundig plant present french author purchas exist restructur plan base realist assumpt return viabil author gesa return long term viabil reason time base realist forecast turnov commiss initi proceed expect rise trend french author base modest refer figur low initi product level compar grundig plant gesa initi product capac reduc set year order grundig account gesa output set assembl product redirect smaller set plan provid increas volum year order meet demand segment commiss note product increas kei factor viabil project autom product process requir high output level order profit doubl product year reach level grundig left site set previou year small screen sector promis sector grundig oper larg screen reason french author strategi penetr small screen market middl price war lead manufactur start earli gener tendenc household set market trend period confirm panorama european union industri found major sale consist replac set set strategi adopt gesa base specif demand larg scale distributor seek local sourc flexibl product facil good qualiti competit televis brand place bottom rang set asia inform suppli franc distributor anxiou find substitut product question reliabl entail high sale cost lead time longer suit fluctuat demand demand specif major distributor constitut signific outlet market reason anticip surg sale note product small televis set account half european demand market million set produc compar demand region million european import fell segment strategi adopt medium size european produc instanc kasui franc mivar formenti imperi itali elb spain conclud choic made gesa unusu share similar size produc member state merit strategi rapidli appar gesa won major european distributor hand rang highli integr reliabl chassi adapt european standard abil respond rapidli demand market season lack order handicap firm difficulti honour order ow suppli problem initi proceed commiss note gesa plan produc set competit price compar asian import commiss express doubt firm abil achiev level price labour cost compar import french author repli aim firm achiev product cost ident asian produc major distributor tradition seek low price specif accept rel surcharg european product higher qualiti eas suppli give margin obtain import reduct number set return sale servic abil respond highli cyclic pattern demand whilst time cut safeti stock offset slightli higher purchas price addit reduct gesa product cost base develop chassi exist highli autom product line capabl produc integr chassi asian competitor market natur order benefit fulli autom cut labour cost desir achiev high output prove imposs ow suppli difficulti refer view forego commiss consid assumpt underli forward account realist estim base exploit grow nich market concern anticip recoveri firm financi year coher suffici progress base structur improv diversif growth sector instal technolog buyer reduct labour cost relat turnov continu invest research develop feasibl ensur viabil oper result improv turnov tax end restructur net tax financi account predict end restructur liquid posit healthi cashflow distinctli posit debt net worth ratio level rise due invest year restructur return fund region end restructur ad financi year close posit net result restructur plan forecast neg result achiev sole result order grundig undertaken place gesa criterion return viabil contain commun guidelin satisfi plan present buyer grundig plant prevent undu distort competit commiss note initi procedur view cost cut object gesa output replac commun produc import countri rule aid distort competit commiss conclud target market nich held european manufactur premium brand product except product made grundig gesa target market bottom rang product import asia work subcontract grundig remain stabl time seek achiev product cost asian produc gesa hope compar cost differ qualiti product demand gesa product major distributor explain qualiti influenc aid final sell price major distributor prepar pai qualiti product reason conclud gesa output replac import good european competitor competitor complain commiss proceed aid gesa financ strategi injur logic trend continu view gap million small set european demand european product inform franc major consum electron manufactur sanyo sharp decid period increas european output similar product reduc import low wage asian countri order benefit competit advantag highli autom product tool qualiti avoid custom duti anti dump charg view fact plan increas output type product expens commun product partial replac countri import commiss consid condit requir avoid undu distort competit met commiss note plant product capac reduc significantli sold plan increas output rule product capac increas accord commun guidelin commiss consid data justifi impos capac cut end restructur restructur plan drawn structur overcapac market target gesa market studi provid french author aid proport cost commun guidelin aid proportion cost benefit restructur aid recipi make consider contribut restructur plan resourc financ obtain market rate present case aid total frf million frf million grant quot electron industri quot scheme approv commiss addit financ acquisit base capit frf million provid gce frf million financ earlier social plan total financ transact frf million restructur aid amount total public contribut appear proportion total financ acquisit privat firm made substanti contribut full implement restructur plan french author fact gesa wound june affect assess compat state aid grant commun guidelin requir entir restructur plan carri gesa unabl complet plan commiss note factor hamper execut plan imposs fill order ow hand shortag electron compon cathod rai tube difficulti relat market continent edison brand commiss consid explan provid french author compon suppli problem aris year purchas plant extent regard extern firm unforese result suppli problem encount main supplier thomson suddenli interrupt suppli cathod rai tube import compon account total cost technic link electron chassi mean supplier chang rapidli break suppli caus sharp fall gesa output french author point competitor cover risk shortag notabl daewoo set televis set plant mosel time gesa hand commiss quot order error quot made firm endogen respons sharehold acknowledg french author aid question examin error multipli effect abovement shortag gesa unabl continent edison brand brand allow larg proport output sold due length negoti gesa owner brand thomson sa disagr concern number set gesa market initi proceed commiss point negoti type claus standard practic predict whilst franc acknowledg consid unusu difficulti negoti question constitut pretext owner delai sign contract month misus claus parti forese negoti start gesa wound august posit compromis commiss consid gce make real effort conclud negoti continent edison brand time lastli failur prospect buyer promis made time restructur propos limit resourc firm sharehold diversifi busi plant transfer product satellit receiv creutzwald failur provid documentari evid prevent payment amp aid frf million authoris scheme approv commiss invest made fact sharehold refus present group consolid financi posit caus bank withhold loan total frf million provid financ plan opinion commiss alleg insolv gce caus gesa file bankruptci parent compani failur present consolid financi posit financ plan restructur depend sharehold fulfil commit french author suspect fraud place open judici inquiri press report time consider financi resourc move gesa compani gce group sourc judici author examin public monei receiv gesa franc confirm doubt express commiss initi proceed real intent gce sharehold carri plan put forward conduct sharehold due intern extern factor complet unpredict ruin possibl plant surviv spite wish french author sharehold conduct kei factor explain restructur plan carri full context french author assur commiss conduct investig determin true posit gce investig sign busi circl firm specialis area gce difficulti gce good reput base chiefli posit develop market person reput manag director princip sharehold busi connect grundig group doubt express commiss initi proceed real intent complet plan put forward confirm irregular conduct gesa main sharehold gce group iv conclus view forego commiss conclud plan restructur gesa credibl base realist assumpt futur oper condit capabl restor long term viabil hand implement restructur plan failur forc firm file bankruptci extent found extern factor accident interrupt suppli chiefli failur owner fulfil undertak financ diversif product constitut failur satisfi gener condit commun guidelin restructur aid full implement firm restructur plan reason aid frf million grant french author gesa qualifi exempt articl treati pursuant commun guidelin aid prove incompat common market commiss requir judgment court justic case upheld case case requir member state recov recipi aid grant unlawfulli measur order revert previou situat remov financi benefit firm receiv unlaw aid improperli enjoi date aid paid aid repaid accord procedur laid french law aid includ interest calcul date grant date recov interest calcul basi commerci rate refer rate calcul grant equival region aid adopt decis articl state aid total frf million grant franc good electroniqu sa incompat common market articl franc step recov recipi aid refer articl unlawfulli paid aid recov forthwith accord procedur nation law permit effect enforc decis aid recov includ interest calcul date aid grant date recov interest calcul basi refer rate calcul grant equival region aid articl franc inform commiss month date notif decis measur compli herewith articl decis address french republ brussel novemb commiss mario monti member commiss commiss decis commun french author letter decemb oj sg oj oj oj sourc grundig commiss germani ecr deufil commiss ecr commiss germani ecr