commiss decis novemb measur germani assist infraleuna infrastruktur und servic gmbh notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof notic parti concern submit comment accord articl procedur april commiss wrote german govern inform march decid initi proceed articl ec treati proceed relat dem million infraleuna infrastruktur und servic gmbh hereinaft refer quot infraleuna quot receiv bundesanstalt für vereinigungsbedingt sonderaufgaben hereinaft quot bv quot dem million provid land saxoni anhalt commiss concern monei constitut state aid compat common market commiss decis initi proceed announc offici journal european commun notic call member state interest parti submit observ german govern submit observ decis letter august commiss receiv observ open proceed member state trade associ compani pass german govern letter august german govern repli letter novemb letter date decemb march commiss put number question german govern arisen connect case german govern repli letter august letter januari juli order clarifi case meet german author commiss place leuna juli brussel april juli ii fact basi letter cite inform suppli german govern meet refer fact matter state background case concern privatis infrastructur leuna chemic complex saxoni anhalt region qualifi assist articl ec treati chemic main industri german democrat republ workforc base saxoni saxoni anhalt form quot chemic triangl quot product concentr larg state own enterpris interlink depend suppli raw materi intermedi product energi chemic industri leuna import compon chemic triangl emploi peopl unif germani treuhandanstalt privatis agenc hereinaft quot treuhand quot sought privatis chemic industri step creat econom unit size interest potenti buyer treuhand set leuna werk ag leuna site successor state enterpris quot volkseigen betrieb quot begin form compani chang leuna werk ag leuna werk gmbh hereinaft quot lwg quot june compani hive leuna werk standortservic gmbh hereinaft quot lw quot object provid site infrastructur suppli servic manufactur oper includ road pipe bridg fire fight servic wast dump fresh water suppli wast water collect laboratori servic commun energi ga water suppli treuhand effort privatis treuhand initi plan sell entir leuna site exist infrastructur singl enterpris leuna werk ag offer sale intern open transpar uncondit tender procedur investor found prepar chemic oper scale addit plant dilapid condit buyer undertak substanti invest extens anti pollut measur treuhand chang approach decid split product line privatis separ separ unit offer sale open transpar uncondit procedur end privatis chemic product line sold rang investor includ ucb rhone poulenc dow biggest chemic investor site lind ag product industri gase caproleuna wholli own subsidiari domo group product caprolactam product line sold volum product grew substanti site infrastructur remain hand treuhand turn assign subsidiari lw continu oper infrastructur roughli altern run public sector shape land local author public util privat buyer found order evalu site identifi solut treuhand commiss studi site internation recognis consult time made repeat attempt persuad land saxoni anhalt municip leuna infrastructur negoti ultim broken clear land municip prepar oper facil option left infrastructur sold privat investor treuhand oper treuhand bear mind earlier call tender shown investor gener interest take infrastructur number enterpris qualifi run small size site specialis manufactur clear site make sens sell entir infrastructur singl investor separ part sell investor treuhand began make direct approach compani possess technic specif knowledg chemic industri compani import industri compani oper visit site lw allow interest parti full freedom inspect book agreement quot due dilig quot agreement gave copi consult studi treuhand hope stimul interest site compani involv search workabl solut end end treuhand negoti candid sale entir infrastructur consortium consist thyssen vew steag mannesmann ag french compagni générale de eaux negoti accept offer made prepar entir infrastructur facil commerci interest road pipe bridg remain hand treuhand potenti buyer accept safeguard provid protect de facto monopoli thing energi water suppli refus bear risk site develop consumpt larg custom prefer make arrang clear potenti buyer entir infrastructur privatis oper site great deal expens success endang begin alongsid effort privatis infrastructur singl packag treuhand open negoti investor sale separ lot effort broken success end potenti buyer demand impractic guarante turnov lot prove unsal coordin individu award discern econom advantag treuhand site earli face prospect negoti time fail treuhand conven call quot site confer quot intend carri privatis process forward sound impetu approach compani site ask develop idea discuss particip thyssen sonnenberg westdeutsch instandhaltungsgesellschaft interest carri renov mainten work confer produc scheme integr infrastructur corpor firm site hold manag reorganis infrastructur respons develop site privatis remain land product line scheme design jointli firm reluct share site manag corpor ultim lind caproleuna prove enter negoti octob statement intent agre novemb preliminari contract conclud purchas share infrastructur corpor establish corpor set legal februari infraleuna infrastruktur und servic gmbh began oper januari privatis agreement lind caproleuna sign retroact effect januari caproleuna lind share infraleuna remain treuhand successor organis bv price paid dem million equal infraleuna dem million capit intend persuad investor site share held bv ultim particip infraleuna scheme treuhand organis privatis basi characterist site found leuna cluster dissimilar legal independ chemic product plant site servic great deal complex need convent industri estat measur mutual depend exist varieti infrastructur network pipelin pipe bridg link thing road railwai wast water dispos system energi suppli manufactur site depend suppli raw materi effici infrastructur deliv lack assur avail power ga buyer privatis firm frequent made condit treuhand bv guarante provis servic privatis process progress extrem complex structur contract emerg bv bound extens suppli oblig varieti investor year plan economi exist facil dilapid condit thoroughgo renov overhaul time renov ahead privatis develop continu firm accommod site interest firm present infrastructur provid attract price rang firm site ensur suppli intermedi product raw materi need provid outlet product scheme arriv meet special site justic interest bv investor infraleuna manag restructur undertak invest need improv modernis site infrastructur continu develop site seek investor remain industri section site product line sold suitabl build land insid site transfer infraleuna purpos amount total ha newcom provid oper infrastructur servic site allow exchang transport good ensur suppli firm phase restructur complet decemb investor requir plan organis infrastructur mechan approach cooper societi involv ensur infraleuna expertis posit judg product fit pattern structur firm site expand sensibl close site ensur servic offer tailor real superflu facil avoid cost membership compani make supplier consum interest keep price low cover cost facil servic offer greater interest addit integr effect secur fresh arriv contribut success balanc develop site improv sale product ensur inexpens suppli materi busi scheme offer bv possibl transfer privatis function relat oblig infraleuna infraleuna suppli servic contract conclud lw lwg connect privatis releas suppli oblig investor site respect interest parti basi scheme essenti condit success bv oblig carri public mandat privatis site perform contract conclud privatis firm site need function infrastructur accept price process ration settlement investor bv interest keep cost develop low secur guarante infrastructur manag misus monopoli posit guarante firm locat site interest rais price infraleuna servic establish exploit monopoli addit firm site interest stage acquir share infraleuna caproleuna lind partner task establish chemic firm possess suffici expertis canvass negoti firm interest set site extens knowledg structur chemic industri technic econom aspect develop posit judg plan effect integr arriv contact experi qualifi staff largest manufactur compani site strong interest infraleuna develop successfulli short time caproleuna larg medium consum servic offer expect cooper integr effect firm move lind expect greater sale industri gase site develop infraleuna design make profit govern low profit principl mean requir organis busi cost cover cash flow suffici cover current reinvest mainten distribut capit dividend sharehold remain profit retain compani januari infraleuna emploi peopl number employe steadili cut infraleuna achiev turnov dem million figur dem million ordinari activ result loss dem dem ongo repair work restructur measur brought net annual loss dem dem cash flow total dem dem infraleuna activ detail invest restructur place exist facil repair modernis adapt real site safeti environment standard laid law impos author larg proport exist network facil complet obsolet neglect overs oper heavi loss ow high level unus capac similar factor rail network cut back km km drink water network km km road network km km bv collabor caproleuna lind expert work programm measur site stretch period januari decemb busi plan form integr part privatis contract busi plan detail measur invest need reconstruct restructur repair environment damag infraleuna make specialis knowledg plan prove restructur progress made full knowledg fact measur vital infraleuna oper facil econom long term site clearanc site clearanc compris measur dismantl plant technic facil demolish build remov dispos rubbl excav materi build materi plant store substanc fill level site clearanc plan form part busi plan call excav subsurfac rubbl made plan area section build plant serv product chemic decad view ramshackl contamin condit longer usabl cost demolit dispos substanti frequent estim advanc time higher price land clear site infraleuna interest investor possibl locat sell plot bulk restructur clearanc work put commun wide tender accord direct eec eec eec procedur award public contract order contract infraleuna obtain estim canvass settlement infraleuna take respons privatis site bv conduct intens advertis campaign site specialist press distribut inform packag brochur prepar potenti buyer negoti investor persuad bui plot site invest land sold market price develop industri site german govern commiss valuat independ valuer valuer conclud averag price dem obtain surplu industri site länder provis infrastructur infraleuna bv respons provid infrastructur servic site includ road suppli electr steam suppli drink water fresh water cool water wast water dispos laboratori servic electr suppli cabl fire fight servic post telecommun provis bridg carri pipe suppli gase liquid product line wast dispos site infraleuna receiv revenu rental leas section build ownership servic pai charg infraleuna pipe cabl laid expens recipi firm properti recipi pai fee pipe bridg calcul price infraleuna requir compli principl laid privatis contract give prefer sharehold place firm disadvantag quot core quot area area busi monopoli posit road network rail network pipe bridg water suppli dispos power gener distribut infraleuna appli system charg base principl low profit principl cost alloc accord recognis commerci principl consum discriminatori basi price differenti basi quantiti servic provid price govern slide scale claus accord practic industri account reinvest ratio financ cost suppli servic provid arm length basi area infraleuna suppli servic price negoti recipi prevent advantag disadvantag individu recipi fund infraleuna scheme includ busi plan submit apprais bv steer committe end result infraleuna receiv total fund dem billion altogeth bv provid dem million land saxoni anhalt provid dem million invest nationwid region aid scheme commiss previous authoris invest cost dem million year decis ec aid propos germani buna gmbh sächsisch olefinwerk gmbh leuna werk gmbh leuna polyolefin gmbh bsl polyolefinverbund gmbh breakdown infraleuna total fund gt tabl gt initi busi plan bv caproleuna lind estim restructur invest cost dem million care studi catalogu measur drawn steer committe conclus cost exagger reduc dem million dem million busi plan call invest total dem million begin ow delai dem million invest time programm run late remain measur bv undertook provid total dem million site clearanc year grant infraleuna dem million paragraph employ promot act event fund cost materi spent entireti year bv undertook pai infraleuna differ provid measur commiss initi proceed work assumpt monei employ promot act total dem million conclud extra consid amount dem million event sum dem million differ made bv amount dem million negoti bvssucceed liabil reduc dem million financ provid site clearanc measur amount maximum dem million inform suppli german govern spend site clearanc turn dem million lower cost origin calcul infraleuna benefit substanti fall price paragraph privatis contract bv bound make good loss neg cash flow aris restructur phase approxim cash flow forecast basi period posit dem million bv provid infraleuna work capit dem million fund provid land saxoni anhalt turn dem million plan bv undertaken make differ strict condit privatis contract infraleuna respons public law liabil privat law damag caus oper plant land juli quot inherit liabil quot altlasten freed liabil cost protect hazard aris result damag caus juli cost call bear connect limit dem million german author estim total expenditur need approxim dem million breakdown fund sourc tabl includ dem million invest restructur grant bv past fund paragraph employ promot act exempt inherit liabil grant bv gt tabl gt payment monitor fund privatis contract regul grant provis fund bv bv lodg sum dem million account landeszentralbank berlin quot bank quot sum enter infraleuna capit reserv infraleuna sole dispos account bv give infraleuna claim dem million fall due sum account exhaust monei account bank infraleuna claim bv bear interest annum offset inflat interest likewis infraleuna act accord liquid schedul busi plan infraleuna bv transfer monei busi account departur busi plan agreement bv case disagr settl concili arbitr procedur laid articl privatis contract infraleuna resourc remain buyer group financ bv refus pai reason doubt fund properli infraleuna report bv quarter show monei provid fund alloc compens loss document month document submit verifi bv allow access infraleuna premis paper time entitl document examin independ expert differ opinion monei settl concili arbitr procedur articl arbitr certifi public account nomin chairman board institut certifi public account institut der wirtschaftsprüf düsseldorf feder audit offic bundesrechnungshof closur account repay incent claus restructur oper complet infraleuna submit final account bv free verifi mean dispos fund remain account bank fund call infraleuna end restructur phase repaid bv bv requir pai return monei buyer incent achiev save sum payabl exce dem million save excess total dem million result increas incent payment neutralis loss carri forward restructur oper infraleuna enabl advantag concess addit compens loss bv restructur oper complet carri forward loss purpos corpor tax local trade tax end restructur phase current carri forward loss establish mean tax audit infraleuna repai entir compens loss receiv bv fund account bank bv make equival payment infraleuna enter revenu attract tax relev market commiss trade member state affect trade member state product manufactur site meant measur distort competit domo produc synthet carpet fibr site product sensit industri scope code aid synthet fibr industri aid code requir capac reduct return servic infraleuna concern doubt trade member state iii observ submit interest parti initi proceed initi proceed commiss receiv observ member state trade associ compani member state argu chemic industri region receiv substanti state aid past strict criteria appli case infraleuna ensur indirect advantag sächsisch olefinwerk buna calcul fund paid amount state aid job dem million easili exceed aid intens permit case larg enterpris unclear monei attract investor investor leuna qualifi form aid member state acknowledg scope trade member state industri gase small produc industri gase lind opportun lind compet region establish air separ unit saxoni anhalt intens state aid share commiss misgiv point commun code aid synthet fibr industri appli product polyamid fibr financi assist entail reduct capac observ submit support doubt commiss express initi proceed trade associ drew attent distort effect trade caprolactam polyamid fibr member state point sensit industri capac utilis run stress indirect effect aid product caprolactam product polyamid fibr singl produc produc product highli infraleuna profit measur bv regard mean enabl manufactur leuna site special lind caproleuna reduc product cost increas competit trade associ inform spend servic kind account total cost final product fear infraleuna offer servic cost final consum enjoi servic provid pai price supplier concern prospect compens loss dem million lead manifest distort competit contend measur ran directli counter effort european chemic industri maintain improv intern competit competitor point caproleuna wholli own subsidiari domo group beaulieu group account european polyamid carpet fibr product aid infraleuna result unjustifi last improv competit caproleuna advers affect competit manufactur domo consolid domin posit market fear express measur affect price caprolactam intermedi product interest parti fear caproleuna lind offload advertis cost infraleuna refer advertis site appear european chemic new infraleuna name caproleuna lind advertis site repli german govern argu distort effect competit payment infraleuna serv cover spend servic gener interest hazard protect measur financ condit continu oper site privatis plant land complet privatis bv public mandat carri elimin inherit liabil site clearanc provis infrastructur effect competit state measur serv bring land plant point privatis german govern contend advantag confer effect competit state aid mean articl ec treati infraleuna infrastructur suppli facil jointli concurr larg number firm payment serv product line plant kind provid firm involv respons expens take cost provid effici infrastructur leuna affect competit competitor locat market economi system bear compar cost compani leuna site reliev cost firm bear revers state assist investor prepar bear expens overhaul infrastructur leuna backlog repair accumul decad simpli possibl privat parti inherit instal dilapid condit undertak clearanc dispos replac work case preced western europ necess measur aros directli circumst plan economi mismanag place ground maintain advantag confer financ confin absolut minimum measur examin ensur proportion requir put public tender price final consum pai infraleuna servic ordinari market price cover cost assess basi job preserv financi contribut made perform public oblig bore relat preserv employ sharehold infraleuna earn return capit subscrib restrict financi prospect offer expect invest substanti capit infraleuna function plan rest balanc conflict interest indirectli materi natur payment price infraleuna servic constitut proportion consider contribut expect investor wish settl saxoni anhalt find compar term site prevent take advantag term fact surplu industri site german govern contend contrari misgiv express loss compens arrang oper aid unprofit plant oper infraleuna except task keep instal oper restructur process servic site involv enorm addit cost comparison normal oper instal obsolet overs oper effici order maintain special step bypass altern circuit compens loss serv bridg difficult period enabl infraleuna oper long term effici econom assist flexibl budget item decid time privatis contract conclud estim scale risk basi worst case scenario agre safeti increas dem million german govern deni fund misus includ caproleuna lind advertis site infraleuna advertis mention name firm oper successfulli site hope promot consolid imag site locat chemic industri agreement kind conclud caproleuna lind chemtec leuna leuna harz gmbh expect similar agreement conclud leuna polym atochem spezialchemi leuna gmbh infraleuna firm involv bear half cost iv assess settl measur scope articl ec treati articl state aid incompat common market grant member state state resourc favour undertak product good distort threaten distort competit affect trade member state articl lai except gener prohibit assist infraleuna land saxoni anhalt bv grant state resourc 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 articl intend prevent trade member state affect state aid court justic european commun repeatedli held question effect measur motiv form aim measur caught articl affect trade member state distort competit pursuanc principl effect measur consid order determin state aid mean articl cost site clearanc bv make dem million site clearanc includ fund dem million receiv employ promot act infraleuna total dem million dispos site clearanc made monei document quarter paragraph privatis contract proceed german govern assur commiss infraleuna put clearanc work tender legal requir call reliabl estim decis carri privatis chemic industri site german democrat republ time unif shortli investor attract leuna site essenti site clear clean treuhand approv outlin clearanc plan began work paragraph privatis contract oblig clear site pass infraleuna led present clearanc plan restructur phase infraleuna requir dismantl demolish clear dispos obsolet superflu plant equip object site commiss observ build badli contamin case rubbl excav ground level contamin soil remov demolit inform suppli german govern clear site clear event ident buyer busi carri site clearanc decid transfer infraleuna addit work carri order favour undertak order render land chemic site usabl purchas bui land price dem correspond market price compar readi servic industri site länder clear assumpt cost clearanc public author favour infraleuna buyer land conclus dem million made site clearanc fall scope articl cost environment damag paragraph privatis contract bv releas infraleuna liabil cost environment damag exist date manag asset transfer caus factor exist date aris result industri exploit restructur phase paragraph environment damag investig independ valuer bv approv plan cost measur present infraleuna put effect infraleuna requir obtain estim measur compet contractor bv entitl collabor draft tender supervis progress approv finish work proceed germani estim cost dem million approv transfer date treuhand decis commiss found provis public resourc environment improv protect measur caus juli constitut state aid firm länder held respons pollut environ occas system german democrat republ matter commiss german govern agre greater part pollut evid caus juli quantifi remaind deriv oper exist plant date firm länder adapt plant standard länder immedi juli closur plant adapt legal requir time pollut caus inevit continu point commun guidelin state aid environment protect aid invest repair past damag environ fall articl ec treati case person respons pollut identifi call account aid confer gratuit financi benefit firm industri refer infraleuna commiss account compani releas statutori oblig owner pollut land commiss appli point guidelin except made quot pollut pai quot principl laid point commun guidelin articl ec treati aid allow oper aid reliev infraleuna cost result pollut unquantifi part favour buyer pai market price acquir land conclus part dem million cost releas infraleuna liabil environment damag constitut state aid amount involv imposs quantifi compat common market cost invest restructur investig commiss proceed assumpt invest restructur contribut bv land saxoni anhalt effect favour final consum infraleuna member german govern argu contribut restructur invest class aid effect favour undertak product good restrict competit affect trade member state remedi past omiss repres cost undertak western europ länder bear infrastructur creat serv perform public task sens provis basic public servic favour undertak product good bv unabl influenc situat ground accept inherit oblig privatis product line piecem infrastructur en bloc restructur dem million build facil includ part central wast water system dem million central freight clearanc build dem million central servic centr tank clean dem million ga reduct distribut system dem million pipe bridg facil payment firm site hand dem million need replac invest adapt facil bring environment safeti standard scale line requir keep bv public mandat infrastructur repair construct site sine qua privatis view state plant relat cost privat investor substanti contribut public purs instanc dem million need modernis includ renov overlap easi draw clear line item simpli rail fresh water wast water sewerag road drink water fire fight servic requir total dem million renov dem million capitalis invest option bv continu oper infrastructur bv assum cost bear risk restructur fail run plant expenditur matter respons public author bv transfer respons restructur reorganis plant privat oper favour final consum price commiss proceed assumpt produc site favour indirectli infraleuna offer servic cost unclear extent cost renov born resid product compani unjustifi cost reduct commiss view led distort competit affect trade member state commiss misgiv infraleuna oblig abid low profit principl lead custom favour price artifici low advantag enjoi consum commiss examin infraleuna set price articl privatis contract infraleuna principl requir offer servic undertak favour disfavour privatis contract distinguish call quot core quot area infraleuna hold monopoli area activ rule possibl abus monopoli posit price calcul monopoli area explicitli laid infraleuna requir divid cost appli recognis busi principl custom includ depreci financ reinvest mainten cost price differenti quantiti servic slide scale formula pai due regard low profit principl area infraleuna offer servic term price obtain industri negoti freeli account low profit principl provis combin underli plan convinc commiss suffici safeguard place rule direct favour custom area monopoli infraleuna requir pass cost custom includ depreci price calcul increas mainten restructur cost pass consum share cost price payabl commiss note subsidis price payment author rule rate calcul independ payment loss compens payment reflect actual expenditur irrespect origin fund price calcul includ opportun cost interest payment accord recognis commerci principl cost entail infraleuna activ includ develop cost proceed german govern submit commiss numer suppli contract infraleuna custom cost calcul field satisfi commiss price charg infraleuna servic fall normal rang mean favour commiss discuss german govern possibl introduc price system infraleuna area activ perceiv risk price subsidis loss compens payabl privatis contract requir infraleuna suppli quot term obtain industri favour price quot german govern remark connect strict price provis respect monopoli intend addit safeguard prevent abus monopoli posit unjustifi price increas keep price risk area activ infraleuna face competit compel align competitor fix price introduc price system superflu simpli addit burden desir result prevent abus monopoli posit keep price achiev area market forc commiss accept german govern argument part basic member interest offer infraleuna servic cost cover price rememb member time consum servic great interest obtain cheapli commiss view essenti system oper addit safeguard built rule price subsidis gave member incent set price cost cover level commiss german govern agre exclus lump sum loss compens mean end rule inclus loss compens calcul price cost subsidis price loss compens commiss examin infraleuna oblig appli low profit principl repres lighten burden resid compani relev aid point view restrict competit set price principl regard aid attribut action member state concern requir articl ec treati met situat member state entiti control appli price ordinari econom agent confer pecuniari advantag compani forego profit realis commiss decid commit low profit principl attribut govern action class quot aid grant member state state resourc quot account fact infraleuna form quasi cooper societi circumst set fact minor sharehold public ownership german law peculiar cooper organis form quot seek promot trade busi member common conduct busi activ quot main object facilit econom activ parti cooper common organis promot realis profit societi activ rule altogeth bv conjunct member deliber opt order eas site privatis scheme base cooper ideal work cooper infraleuna investor provid servic site low cost current minor stake public author transit measur temporari natur pend sale bv share investor commiss found balanc commit low profit principl constitut confer advantag attribut action german govern essenti precondit work privatis plan context notion cooper root german law favour infraleuna infraleuna receiv financi support direct freeli dispos fund facil own modernis public resourc bring state art standard question aris infraleuna favour econom point view grant econom advantag flow fact ownership econom exploit thing own opportun turn advantag answer question commiss consider fact infraleuna object narrowli defin activ limit provis infrastructur servic privatis remain industri site conduct affair subordin goal divestitur sale leas individu busi part thereof requir unanim resolut member infraleuna dispos freeli properti ti object bound low profit principl profit increas capit rule amend extens departur principl requir unanim member resolut light commiss conclus infraleuna regard favour econom point view measur infraleuna deriv actual econom benefit plant maintain modernis govern object oblig matter principl earn low profit activ order improv monitor prevent facil sold purpos intend commiss consid bv retain share infraleuna pend complet restructur drive favour member fact caproleuna lind time site develop oper end user infrastructur caus difficulti assess aid measur fear unduli exploit posit member detriment resid compani order creat public resourc infrastructur site specif tailor rule superflu plant built inflat price commiss unabl time determin extent resourc put monitor risk caproleuna lind earn substanti profit particip infraleuna give commensur quid pro quo favour sharehold custom infraleuna commiss consid extent member obtain preferenti term lower price purchas infraleuna servic note infraleuna subject ban discrimin prohibit distinguish custom appli object criteria servic render ban discrimin modifi unanim member resolut control mechan form infraleuna membership structur infraleuna ultim complet privatis bv sell share investor site ensur spread interest compani fact submit bind offer bv share sale steag meag rhodia gmbh infraleuna beteiligung gmbh acquir infraleuna share infraleuna beteiligung gmbh found investor site exclus purpos bui share undertak link lind caproleuna effect respect purchas agreement subject suspens condit approv privatis plan commiss bundl interest ensur singl member receiv favour treatment membership structur member monitor oblig balanc account point view commiss conclud exist mechan prevent member take advantag posit order secur preferenti statu custom contract conclud infraleuna manag act instruct member gener meet articl associ manag prior consent form unanim member resolut conclud contract member infraleuna total contract exce dem million year dem million contract lifetim system check put place decis make member gener meet shape posit interest account commiss consid kei difficulti case possibl member advantag posit monitor system opinion consolid point act articl infraleuna articl associ amend provid articl articl requir prior unanim consent member gener meet conclus contract member amend delet unanim member resolut provis ad infraleuna articl associ state claus amend period year restructur complet threshold requir unanim consent circumv rule contractu provis provis articl limit unanim consent requir contract member total exce dem million year dem million contract lifetim delet contract subject requir unanim consent articl articl infraleuna articl associ amend provid limit profit distribut infraleuna bind commit low profit principl remain place year restructur complet explain monitor rest basic principl member gener meet ensur spread interest guarante member relat ancillari compani allow acquir share infraleuna year restructur complet favour sharehold commiss examin extent caproleuna lind favour capac sharehold contribut bv land born mind member paid nomin dem million sharehold assum fix asset possibl share increas substanti measur forward realis sell increas due sole payment public purs commiss possibl make sizeabl profit sell asset share dividend advantag member relev aid point view commiss establish usabl concern infraleuna fix asset strictli confin prescrib purpos requir unanim consent member gener meet sold paragraph privatis contract infraleuna oblig run facil period year transfer date januari plant written straight line method long period depend lifetim book talli actual rule possibl sharehold obtain addit advantag sell asset written minim year cost dismantl individu plant high scrap year scarc cover dividend earn member particip infraleuna limit capit event transfer share sharehold restrict appli purchas commiss conclud circumst possibl sharehold favour essenti rule realis net asset plant de facto imposs demolit cost rule exce scrap scarc recover sale asset provid compani member resourc subject restrict earlier distribut member asset book increas appear imposs lead appreci increas market compani share nomin increas effect earn power exclud commit low profit principl limit maximum dividend capit continu restrict purchas prevent member appropri payment larg dividend state aid asset make acquisit share unattract investor site commiss account fix interest invest capit market minimum dividend earn greater risk take easili attain dividend earn share bear mind likelihood infraleuna turn profit make dividend payment fairli slim invest riski maximum dividend view commiss conclud member favour econom point view exclud unjustifi advantag whatsoev commiss ask germani market share assess independ expert valuat base infraleuna capitalis year distribut profit price purchas pai share correspond market determin market share found higher nomin caproleuna lind ag pai differ bv addit infraleuna oblig run facil year restructur complet decemb articl privatis contract chang ensur facil year reduc rule possibl make profit sale favour site develop commiss fear caproleuna lind role site develop influenc construct instal met requir place advantag appar extent expenditur monitor check necess individu measur scale cost commiss opinion risk caproleuna lind contractor carri work claim excess cost wast public monei problem area payment caproleuna lind incent amount fund spent return bv commiss establish caproleuna lind limit influenc implement restructur invest measur measur decid infraleuna form privatis contract sign commiss satisfi busi plan attach form part privatis contract set plan measur restructur programm laid privatis contract conclud busi plan describ detail individu measur relev site part build includ estim cost employe caproleuna lind bv part formul busi plan number independ expert bv steer committe carri audit result cost origin estim reduc dem million dem million revis amend busi plan decid member gener meet simpl major check balanc bv oppos modifi busi plan event member gener meet reach unanim plan agreement reach differ settl object mediat arbitr proceed paragraph privatis contract light mechan fact invest restructur programm laid privatis commiss conclud basic imposs caproleuna lind tailor instal special requir monitor event german govern ask submit quarterli invest report check independ expert cost necess measur ongo control expenditur concern commiss establish infraleuna appli provis law public contract commiss public procur direct contract provis put public tender infraleuna seek bid compet tender contract minor expressli confirm german govern infraleuna award decis basi cost qualiti consider paragraph privatis contract respect event bid equal firm länder prefer german govern assur goodwil claus delet accord commiss posit juli germani commun septemb infraleuna expenditur subject quarterli review bv increas amount provid busi plan oppos bv result member gener meet subsequ agre unanim absenc consensu mediat arbitr procedur paragraph privatis contract initi bv conclus fund properli cost overestim attempt made bring agreement member fail mediat arbitr procedur paragraph privatis contract initi commiss opinion bv introduc control mechan need enabl member provid financ invest exercis absolut precis continu control scale suitabl invest restructur measur approv opposit provis put contract tender seek bid constitut addit guarante cost exceed contract execut market price lastli commiss view incent arrang control mechan aim cost reduct promis caproleuna lind share save help limit measur absolut warrant approv principl decis ec instanc commiss authoris incent payment dow chemic compani aid commiss examin set circumst compar incent arrang favour caproleuna lind admiss case dow basic fund made investor case amount payment public purs dow product plant treuhand view restructur ultim oper profit put substanti amount resourc financi contribut caproleuna lind equival nomin stake hand expect return invest infraleuna uncertain dividend amount capit germani argu unlik dow case advantag sole side investor particip investor infraleuna case benefit public purs bv paid incent consider benefit caproleuna lind made entrust bv develop site establish investor provid infrastructur make substanti financi human resourc team independ advis hire bv caproleuna lind engag draw invest measur prepar cost analysi save made guidanc caproleuna lind particip altogeth desir largest investor leuna site consider experi implement restructur invest measur experi put good background treuhand time propos share save size share big serv attract incent big proport volum measur subsequ ceil dem million final agre case caproleuna lind incent regard success depend reward contribut made investor commiss accept argument infraleuna scheme base fundament assumpt real advantag involv includ investor member li provid infrastructur attract firm site underli principl impli adequ consider paid servic cover cost includ develop cost principl repeatedli put forward german govern appli commiss conclud measur constitut advantag parti relev aid point view allow incent payment odd system german govern unabl give proper account investor provid term qualiti quantiti commiss held investor provid warrant payment consider return contrari state fund constitut side payment public purs essenti featur aid incent payment repres econom advantag investor admiss aid unlik dow case lind caproleuna make substanti contribut scheme commiss conclud incent payment accept conclus point dem million intend invest restructur constitut aid ensur remain condit requir fulfil work capit bv place dem million infraleuna dispos work capit restructur phase evid work capit put furnish quarterli form document basi bv verifi amount expenditur long infraleuna cover expenditur incom public fund disburs commiss reserv principl make work capit reduct cost lead advantag confer distort competit commun commiss opinion provid work capit assess cover invest restructur cost public purs infraleuna regard favour resourc advantag emploi compani object refer final consum favour cost paid work capit provid includ calcul price result price reduct similarli possibl infraleuna member favour abovement control mechan form commiss consid suffici prevent fund purpos intend conclus dem million work capit infraleuna constitut aid loss compens infraleuna complic structur found balanc interest design rule favour discrimin individu particip commiss welcom scheme take basic favour view balanc control system remain risk freeli loss compens misus subsidis price commiss opinion scheme view favour price subsidis definit rule prohibit loss compens commiss see compens loss german govern state loss compens agre safeti cover individu risk occurr extent foreseen contract conclud commiss agre quot precautionari quot cover actual figur show risk materialis commiss conclus loss compens authoris prove notifi separ commiss approv concern parti commiss find object rais parti unfound vast major measur constitut aid indirect support individu firm possibl reduc product cost improv competit rule capac reduct commun code aid synthet fibr industri addit servic offer geograph limit infrastructur servic misus resourc made overst individu cost factor rule wide rang system check infraleuna plan advertis site firm site name advertis unobjection commiss opinion provid firm bear reason share cost cost share infraleuna firm concern condit met commiss dismiss concern competitor caproleuna lind prevent establish area länder land saxoni anhalt overabund industri site wait bought competitor set busi term caproleuna lind establish leuna particip infraleuna member commiss point privatis contract protect competitor paragraph contract member entitl object bv exercis option sell plot direct competitor infraleuna member paragraph contract stipul direct competitor member purchas share infraleuna express consent member import point view bv call option paragraph contract oblig caproleuna lind sell share investor bv choic commiss point connect gener obtain permiss admiss member privat limit compani normal compani law addit share earmark sale protect competitor paragraph scarc relev commonplac commiss consid claus unobjection object paragraph contract commiss take view gener exclus competitor claus justifi contrari view balanc natur interest concern principl discrimin infraleuna commit blanket exclus incompat scheme conclus commiss view scheme underli infraleuna favour public author face difficult task privatis chemic site exist condit site account pace develop satisfi firm establish site fulfil oblig assum privatis year find privat investor infrastructur scheme treuhand bv commiss view solut public author fulfil oblig privatis undertak länder bring task complet investig shown plan measur confer advantag parti involv long condit impos commiss adher measur contribut infraleuna viabil balanc cash flow achiev period complet restructur phase result financ infraleuna regard assur long term commiss note cost invest restructur measur increas implement addit measur prove cost invest restructur measur increas ow extern factor dem million amount earmark site clearanc invest restructur resourc realloc agreement bv assess measur transfer budget rule adopt decis articl gt tabl gt articl unquantifi part cost rectifi environment damag total dem million constitut aid mean articl ec treati compat common market remain part constitut aid articl germani ensur servic set offer infraleuna made charg site produc except discriminatori basi articl germani ensur privatis contract infraleuna lind ag caproleuna gmbh bundesanstalt für vereinigungsbedingt sonderaufgaben hereinaft quot bv quot articl associ infraleuna amend privatis contract paragraph thereof amend exclud assumpt loss compens bv amount dem million privatis contract paragraph thereof amend state durat restructur decemb bv hold share infraleuna privatis contract amend durat restructur period year member hold share germani ensur sharehold caproleuna gmbh lind ag reduc case sentenc paragraph word quot end restructur phase quot delet order bv exercis call option time sentenc articl amend state purchas acquir infraleuna capit quot goodwil quot claus paragraph privatis contract delet privatis contract paragraph thereof amend amount made bv site clearanc infraleuna maximum dem million invest restructur provid implement addit invest restructur measur prove cost invest restructur measur increas ow extern factor resourc realloc agreement bv bv examin necess suitabl measur cooper independ expert transfer rule subparagraph paragraph privatis contract delet sentenc paragraph privatis contract word quot direct competitor infraleuna quot delet paragraph privatis contract amend infraleuna oblig run facil year complet restructur decemb articl infraleuna articl associ amend articl articl amend delet unanim resolut articl infraleuna articl associ word quot total contract exce dem million year dem million contract lifetim quot delet infraleuna articl associ amend infraleuna commit low profit principl ban discrimin articl prohibit distribut dividend articl remain unchang year complet restructur articl germani ensur purchas share infraleuna pai market price market share assess independ expert valuat base infraleuna capitalis year distribut profit privatis contract articl associ amend market share turn higher nomin germani ensur caproleuna gmbh lind ag pai differ bv articl germani send commiss copi amend contract month conclud pursuant articl ec treati germani give notic deviat amend contract tax advantag grant articl germani submit commiss half yearli report progress restructur amount aid award item privatis contract verifi decis compli submit half year report period germani submit commiss evid refer paragraph privatis contract evid refer paragraph quarterli invest report check advanc independ expert necess appropri cost final statement refer paragraph submit commiss articl germani refrain grant fund infraleuna support restructur plan subject decis articl germani inform commiss month date notif decis measur compli therewith articl decis address feder republ germani brussel novemb commiss karel van miert member commiss oj commiss decis state aid measur sg april sg januari appli end part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk english term german text interest parti full access busi paper enabl make offer undertak misus knowledg acquir part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk oj oj oj capit cost account price calcul line recognis commerci principl steer committe leitungsausschuß independ bodi bv assess scheme carri check ensur public resourc properli appoint feder ministri financ consist independ auditor relev time member expert roland berger amp outlin plan adopt joint feder govern länder programm gemeinschaftsaufgab commiss approv aid scheme sg oj state aid measur nn measur paragraph employ promot act arbeitsförderungsgesetz afg intend repair environment damag prevent hazard result environment damag industri site länder provis subsidi wage cost measur serv creat employ unemploi young peopl older peopl handicap commiss found provis public fund repair environment damag brought juli constitut state aid line transfer date provis treuhand decis scheme assist young peopl framework social servic servic competit commiss held measur question constitut state aid flexibl ceil transfer invest loss increas correspondingli addit flexibl ceil rais measur fund paragraph employ promot act oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk case itali commiss ecr case deufil commiss ecr commiss commun state aid element sale land build public author oj decis ec oj state aid measur nn sg oj join case kwekerij bebroed van der kooi bv commiss ecr paragraph act commerci industri cooper gesetz betreffend die erwerb und wirtschaftsgenossenschaften geng infraleuna busi plan list detail measur expect cost unlik case privatis scheme bv steer committe time analys depth cost individu measur commiss assum adjust carri reduc excess cost reason level footnot