commiss decis decemb aid french govern wood process sector isoroi pinault french text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof interest parti notic submit observ accord articl regard observ isoroi group creat februari effect januari merger firm wood process sector leroi isorel baradel french govern assist merger provid ff million subsidi ff million equiti loan give prior notif commiss articl eec treati isoroi profit loss reach ff million ff million ff million ff million correspond annual turnov group continu loss prompt aid french govern time form subsidi ff million equiti loan total ff million fiscal moratorium sum ow isoroi public author amount ff million inform commiss spite repeat inject aid isoroi compel suspend payment allow tribun de commerc caen continu oper april septemb supervis court juli tribun de commerc rule altern plan takeov limit isoroi asset debt total ff million plan put forward pinault group involv complet takeov whilst seribo repres european firm plan split isoroi firm pinault plan back french govern agre principl contribut ff million financ french govern prefer made clear statement substitut du procureur de la républiqu deputi public prosecutor favour pinault plan gave open court tribun question tribun rule favour pinault propos basi plan provid total takeov maintain isoroi coher bodi french economi save consider number job tribun author transfer stock share asset debt société commercial industriel du meubl scim part pinault group larg symbol sum provid public privat financ octob accord plan condit fulfil takeov final date ii commiss learn isoroi receiv larg amount aid invit french govern letter date januari provid detail inform assist grant isoroi creation precis condit attach equiti loan grant french govern repli letter inform establish isoroi subsidi grant cut capac effect employ cessat payment arrang respect equiti loan exist moratorium vi vi public author intent french govern provid assist event takeov pinault contrari express opinion french author comment outcom ongo collect procedur matter nation legal author commiss learnt french govern intent grant aid enabl pinault proce takeov warn french govern letter june action respect infring articl commit aid notifi form propos whilst aid grant contrari provis articl subject recoveri order commiss receiv repli letter june inform decis tribun de commerc juli involv grant ff million wrote french govern august request notifi aid dai novemb decis tribun de commerc final notif request arriv commiss decid initi articl procedur respect aid grant ground prohibit laid articl eec treati qualifi exempt paragraph articl letter decemb commiss invit french govern submit observ iii letter novemb french govern confirm decis grant pinault group ff million interest free repay advanc ff million region plan grant ff million equiti loan reduc interest rate state opinion amount form small part resourc undertak requir order restructur french govern stress addit reduct product capac announc send comment detail letter date januari april june june bilater meet french govern submit observ procedur critic fact letter give notic date decemb account content notif novemb articl procedur open respect aid isoroi aid purchas pinault amount aid grant isoroi describ exact arrang relat soft equiti loan submit intens aid pinault group small affect intra commun trade view number import member countri correspond commiss guidelin wood industri justifi light knock effect region social environment level consult interest parti observ submit govern member state industri feder enterpris sector iv state assist form subsidi interest free advanc repay sole event excess profit soft equiti loan fiscal moratorium sum ow public author constitut state aid mean articl eec treati discharg recipi enterpris product good part cost bear case question aid grant isoroi compos ff million subsidi ff million equiti loan concessionari rate interest communci commiss french govern sum ff million ow isoroi public author govern author payment sum stagger effect subsidi time isoroi stop payment aid grant pinault amount ff million interest free advanc repay event excess profit year equiti loan ff million incorpor year call period interest call period variabl rate depend profit remain year lastli aid ff million form region plan grant enterpris benefit financi absenc fix repay period advanc total interest subsidi advantag evalu annum rate appli crédit nation novemb aid element partial interest subsidi equiti loan year evalu year differ equiti loan question articl eec treati commiss inform suffici time enabl submit comment plan grant alter aid member state concern put propos measur effect procedur result final decis question prior notif grant aid isoroi pinault part isoroi takeov respect suspensori effect french govern fulfil oblig articl aid question improp event breach procedur morevo incompat common market mean articl isoroi allow continu oper supervis court own plant workshop site franc work forc approxim person involv product wood base panel packag chees tannin door articl construct industri wood base panel repres isoroi sale market situat consumpt panel question plywood blockboard nimex code fibr build board nimex code particl board nimex code partli determin econom situat build furnitur sector main custom panel sector experienc level face competit wood panel substitut area structur trend wood panel sector show level panel gener market special higher ad panel structur osb board medium densiti fibreboard mdf grow trade member state product strong competit manufactur commun cope high level import member countri commun import tonn fibreboard countri export tonn import tonn plywood export tonn import tonn particl board export tonn isoroi account particl board product franc held french market franc export tonn member state import tonn french export repres total intra commun trade isoroi account french product plywood held french market export product franc export tonn plywood member state import tonn french export repres total intra commun trade isoroi account french product fibreboard french market export product franc export tonn fibreboard member state import tonn french export amount total intra commun trade product tannin account isoroi turnov note isoroi produc tannin franc export product franc export tonn tan extract nimex code member state import tonn itali result aid grant french govern distort threaten distort competit affect trade member state mena articl favour isoroi group subsequ pinault group product state aid strengthen posit firm relat compet commun regard affect competitor articl eec treati aid featur principl incomptat common market except provid articl applic case point natur aid propos articl list aid compat common market compat treati determin commun context relat singl member state ensur smooth oper common market accord principl articl eec treati except set articl constru narrowli aid scheme individu aid examin invok commiss satisfi aid market forc insuffici guid prospect recipi pattern behaviour serv object except except provid articl treati respect aid promot econom develop area note isoroi plant elig french region aid scheme unfavour social econom situat industri site characterist region abnorm low standard live employ mean except refer paragraph except articl treati aid question intend promot execut import project common european interest remedi disturb french economi framework procedur french govern submit pinault isoroi lead synergi activ reduc import member countri point pinault invest programm alloc ff million pollut control note argument aid knock effect trade balanc commun justifi exempt udner articl invest ff million repres total plan invest proof furnish link ff million grant pinault part isoroi takeov specif invest refer stress specif environment aid scheme franc govern appli invest invest elig special scheme except articl eec treati aid facilit develop econom acit area aid decid part pinault plan compris ff million region plan grant pat french govern point respect compli commiss decis eec octob french region plan grant scheme french govern compli principl coordin region aid scheme present applic pat scheme regard compat common market term except provid articl respect aid facilit develop econom area condit region social compens benefit refer french govern part procedur regard fulfil aid grant pat scheme aid grant isoroi pinault part isoroi takeov cover region aid scheme approv commiss primari effect aid isoroi activ coher part french economi aid pinault regard firm distinct advantag enabl submit favour plan isoroi takeov french govern state aid grant isoroi enabl invest ff million period submit purpos aid grant isoroi invest ff million period french govern part procedur stress aid grant pinault carri invest programm ff million year aim modern product process increas product convert product reloc product line govern point cut product capac employ carri isoroi plant data pinault plan programm reduc isoroi product plywood cut product ordinari particl board approxim continu build plant manufactur osb board structur chipboard decreas product hardboard increas product medium densiti fibreboard modern ration product line born mind number mill wood base panel sector commun fell product capac diminish million million studi carri unit nation wood base panel industri assess situat period form posit wood base panel sector nordic eec central european countri number oper plant product product capac decreas averag plant capac increas occur structur wood base industri small plant obsolet equip shut modern plant special machineri began produc special panel effort achiev balanc suppli demand panel domest extern market develop isoroi project manag pinault radic trend sector question plant closur job loss invest modern ration diversif special product higher ad regularli carri pinault competitor special assist note commiss propos commun action programm forest base industri final express favour view aid affect scope articl treati view situat market product question invest initi isoroi pinault group regard form part task undertak financ resourc state aid aid pinault note receiv consider benefit term ad acquir entir asset isoroi fix capit claim stock symbol sum ff million ff million intend cover social cost isoroi oper supervis court pinault part undertook provid ff million resourc acquir partli modern factori price real french govern believ gross rate intern gener financ compani exce turnov french govern state part procedur aim aid enabl pinault cope fierc competit import commun countri refer number indonesian export plywood case dump fibreboard eastern countri problem involv trade member countri settl complianc commun rule recours unilater nation measur state aid statist furnish nimex show import member countri increas import franc wood base panel member state amount weight panel aid question primarili affect condit intra commun trade account cumul effect aid isoroi plant pinault benefit unduli year view aid grant isoroi pinault consid facilit develop wood process industri alter trade condit extent contrari common interest benefit exempt articl conclus aid grant isoroi recoveri order real effect view isoroi debt ff million fact asset purchas pinault larg symbol amount recipi undertak enter liquid commiss believ adopt neg final decis respect aid measur question decis respond essenti protect right compet undertak harm failur compli provis treati state aid aid grant pinault group total ff million amount grant ff million pat scheme regard compat common market mean articl commiss object respect hand remain aid ff million interest free repay advanc ff million equiti loan year total ff million incomptat common market qualifi exempt provid articl part amount question ff million advanc paid pinault ensur french govern implement aid measur balanc amount question ff million advanc ff million equiti loan paid pinault novemb aid examin procedur suspensori effect rule provid sentenc articl compli aid improp reason breach procedur abolish date french govern notifi decis abolit concern aid element contain assist grant lack repay schedul interest subsidi advanc ff million partial interest subsidi assess year equiti loan ff million recoveri order interest due princip sum refer pinault unduli benefit novemb date paid date interest amount ff million sum ff million ff million sum ff million adopt decis articl aid form subsidi ff million equiti loan ff million grant isoroi subsidi ff million equiti loan ff million grant isoroi aid result author grant isoroi stagger debt payment public author amount ff million illeg incompat common market mean articl eec treati articl aid element contain assist grant pinault form repay interest free advanc amount ff million equiti loan rate year total ff million incompat common market mean articl eec treati abolish date notif decis french govern assist refer paragraph ff million advanc ff million equiti loan grant pinault violat rule procedur provid articl illeg french govern recov interest sum ff million ff million refer paragraph pinault enjoi novemb amount ff million ff million date adopt decis articl french govern inform commiss arrang made compli decis month date notif decis articl decis address french republ brussel decemb commiss peter sutherland member commiss oj oj