commiss decis june state aid implement germani favour wildauer kurbelwel gmbh 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 regard comment procedur letter date novemb regist novemb germani notifi restructur wildauer kurbelwel gmbh commiss articl ec treati letter date decemb commiss ask supplementari question german govern repli letter date februari part measur paid case regist nn basi inform submit germani commiss decid april open proceed articl ec treati doubt compat aid measur common market decis commun germani letter date publish offici journal european commun commiss chang case number addit interest parti invit submit comment month public octob januari june juli august septemb octob novemb germani inform repli open proceed parti submit comment fact wildauer kurbelwel gmbh wkw activ field crankshaft forg drop forg crankshaft produc compani ship engin energi sector compani specialis forg heavi metal part wkw compani employe situat wildau brandenburg germani total turnov approxim dem million brandenburg region characteris high degre unemploy region elig region aid articl ec treati august compani privatis open uncondit tender georgsmarienhütt gmbh gmh current measur context privatis support restructur wkw privatis contract investor guarante employe invest dem million restructur plan restructur plan relat privatis forese number measur improv perform wkw market format strateg network vsg energi und schmiedetechnik gmbh vsg hattingen west germani vsg wkw busi crankshaft shift product crankshaft wkw substitut pre form deliv compani conclus cooper agreement nation forg nfc major produc crankshaft solut qualiti problem compani face prior gmh wkw lost client unsatisfactori product qualiti reinforc sale depart improv market strength compani investor market reorganis compani acquisit machineri restructur period cover time span direct result implement restructur plan synergi effect expect bui condit straget network wkw vsg subsequ term condit financ insur joint market extens product rang offer group work group insid steel group ensur exchang knowledg person exchang framework traineeship lead higher qualif financi measur bv land brandenburg financi measur context privatis tabl financi measur favour wkw context restructur gt tabl gt financi measur includ measur bv notifi earli juli cover addit loss dem million quot financi gap quot loss intend partli cover bv amount dem million addit investor contribut gmh dem million german govern reason addit loss continu uncertainti wkw futur transfer machin vsg wkw place commiss approv aid measur caus delai implement restructur plan client hesit make order view wkw uncertain futur measur bv partli pre financ amount dem million measur basi joint programm ga measur dem million receiv wkw guarante amount dem million bank loan pre financ investitionzulag dem million addit measur bv award guarante amount dem million grant increas equiti capit dem million grant make total dem million take account supplementari financi measur bv grant total dem million compani amount provid land brandenburg dem million total amount dem context privatis gmh paid sale price dem bank liabil wkw amount dem million gmh bank guarante amount dem investor make cash contribut dem million financ invest inform receiv septemb germani gmh provid addit investor contribut dem million cash financ financi gap dem million result financi inject investor contribut amount dem million tabl overview financ restructur gt tabl gt present measur wkw receiv amount privatis ga measur amount dem million award bv waiv amount dem million intend creat job articl arbfg cover approv programm regim compani promot job receiv pre financ amount support measur loan award bv dem million waiver interest loan dem million waiver loan dem million wkw spend total dem million restructur cost invest differ loss coverag pre financ guarante equiti capit commiss decis initi proceed articl ec treati decis initi proceed articl ec treati commiss express doubt compat common market aid notifi unlawfulli disburs decis main reason open proceed doubt commiss long term viabil compani assumpt futur turnov increas crankshaft sector fed doubt german govern submit imprecis inform aid measur privatis made imposs commiss assess aid proport cost benefit restructur extent aid favour wkw lead distort competit german govern request clarifi role groditz stahlwerk gmbh gsw envisag network wkw vsg reaction parti commiss receiv comment reaction open procedur interest parti reaction german author answer proceed april german author provid inform long term viabil wkw clarifi amount aid grant privatis show suppli link wkw vsg gsw close assess wkw essenti region orient compani activ germani restructur compani chang situat plan figur show increas export activ compani world market exchang member state affect aid measur intra commun trade sector question consider individu measur examin articl ec treati fund state resourc threaten distort competit affect trade member state convei advantag investor cover expens carri financi measur privatis financi measur award privatis compani cover programm articl arbfg measur creat job approv programm programm compani promot job receiv prefinanc amount support measur compani measur accord programm reimburs consid aid compani benefit inform german govern wkw measur accord condit programm pre financ amount reimburs waiv payback cover programm constitut aid context bv provid loan dem million waiver interest dem million waiver bank guarante loan amount dem million grant loan approv treuhand regim compani difficulti possibl convers loan subsidi envisag moment aid intens consid reach financi measur grant compani difficulti current loan waiver regard addit aid consid cover treuhand regim measur constitut aid approv context account proportion analysi ga measur dem million invest grant land dem million consid aid measur account proporton analysi cover region aid scheme approv commiss loan dem million bv partli pre financ ga measur dem million amount constitut state aid articl ec secur rate bank guarante investor reimburs ga measur ga measur dem million award consid aid measur cover region aid scheme approv commiss measur assess commiss account assess proportion aid measur cover treuhand regim aid measur cover programm regard aid articl ec account present analysi guarante amount dem million grant treuhand regim longer applic increas equiti capit dem million grant treuhand regim allow payment loan guarante privatis invest aid bv dem million guarante bv pre financ invest grant land amount dem million guarante secur financ investitionszulag state aid articl ec secur provid investor measur german govern guarante termin recipi benefit aid measur context privatis total dem million award bv land dem million subject commiss present assess examin aid measur fall derog foreseen articl ec aid measur aid measur provid bv land brandenburg notifi restructur aid order ascertain restor viabil undertak difficulti commiss consid derog foreseen articl ec quot aid facilit develop econom activ aid affect trade condit extent contrari common interest quot predomin object aid restructur firm difficulti aid consid compat common market criteria guidelin state aid rescu restructur firm difficulti guidelin met commiss take consider länder germani belong assist area relev articl ec standard live abnorm low high unemploy rate restructur aid demand implement sound restructur plan restructur restor long term viabil compani question avoid undu distort competit restructur programm contribut improv market situat act suffici counterpart distort effect aid award amount intens aid limit strict minimum restructur phase cost aid relat exce benefit therefrom restructur plan sine qua restructur plan restor long term viabil health firm reason timescal basi realist assumpt futur oper condit principl repetit aid tabl financi develop expect wkw gt tabl gt restructur plan envisag number intern measur wkw plan improv competit form strateg network vsg cooper agreement nfc effect measur improv product qualiti plan entail reinforc sale depart acquisit machineri shift product result invest dem million measur foreseen restructur plan improv compani presenc market concern turnov develop consid extent extern factor compani note turnov crankshaft busi increas dem million dem million turnov forg busi expect grow period dem million dem million guidelin improv viabil result intern measur contain restructur plan turnov increas crankshaft unit major question rais open proceed question answer increas achiev consid realist argu german govern turnov increas dem million crankshaft unit achiev transfer crankshaft product vsg compani gmh wkw suppos effect vsg turnov dem million wkw dem million gmh vsg wkw total turnov dem million crankshaft sector wkw assum increas turnov custom dem dem million feasibl take account low turnov present turnov increas dem million achiev custom vsg mean wkw expect total turnov increas dem million dem million approxim year relat joint turnov orderbook inform receiv show solid increas firm order month vsg wkw plausibl plan turnov growth achiev gt pic file quot en ep quot gt turnov forg unit plan increas dem million dem million dem million year foreseen dem million custom gener dem million exist client increas order dem million german govern quot declar intent reput custom make order form partnership joint develop forg heavi metal part approv aid packag commiss achiev account turnov forg unit shrank year due problem compani face situat industri sector improv posit impact product wkw ad expert expect continu recoveri forg market crisi prospect show increas product come year realist compani achiev plan turnov increas forg busi origin notif restructur plan envisag wkw vsg gsw form quot steel group quot gmh german author ask clarifi role gsw context open proceed final neg decis gsw juli commiss doubt impact wkw materi suppli expens german author direct impact compani gmh hold sell product subsidiari hold market price bui materi produc hold condit cheapest gsw share base plan materi cost supplier wkw modest easi find substitut suppli market link compani gmh group german govern submit inform exist suppli link financi link suppli link gmh wkw gmh deliv customari steel refin specif crankshaft forg metal part deliveri includ semi manufactur crankshaft note steel suppli gmh wkw decreas period suppli link vsg wkw increas purchas amount dem million dem million explain shift crankshaft product vsg wkw foreseen restructur plan shift preced suppli semi manufactur crankshaft reflect increas german govern claim financi link compani exist mention suppli link wkw part gmh cash manag system oper arm length basi spillov aid exclud basi appear role gsw compani gmh group clarifi advers effect competitor condit aid restructur measur offset advers effect competitor aid contrari common interest elig exempt pursuant articl ec crankshaft sector demand crankshaft shipbuild sector energi gener market declin market suffer overcapac guidelin requir compani oper sector overcapac cut capac respect sector wkw reduc capac year crankshaft product framework restructur roughli man hour machin hour conclud open proceed undu distort competit aid consid compens state market analysi structur overcapac exist forg sector problem local european forg industri expand note restructur period compani reduc capac forg product unit machin hour final note plan increas turnov wkw remain small player crankshaft forg market stipul guidelin advers effect competitor upheld limit aid strict minimum amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view aid beneficiari expect make signific contribut restructur plan resourc shown tabl wkw receiv dem million aid measur context privatis includ aid approv programm addition receiv guarante dem million pre financ investitionszulag ad dem million cover treuhand regim includ dem million ga measur cover treuhand regim grant privatis calcul proportion dem million aid account proportion analysi contribut investor amount dem million fund restructur wkw constitut approxim total restructur cost financi measur dem million account proportion analysi investor cover substanti part invest expens restructur show commit fact part assum risk restructur commit reinforc employ invest guarante investor analysi aid measur show proport cost advantag restructur specif purpos amount limit aid practic compani aid natur make compani surplu liquid allow aggress price polici market total amount aid restrict minimum order ensur restructur return long term viabil compani german govern expect cash flow dem million period consid part investor contribut cash flow realis basi aid measur past gener condit expect cash flow reduc financ restructur compani commiss cash flow account element investor contribut context present proportion analysi view inform commiss conclud condit limit aid strict minimum appear fulfil conclus note germani compli articl ec aid prior commiss approv commiss take account measur favour wkw restor beneficiari viabil enterpris situat area elig aid articl ec view respons germani commiss conclud main reason procedur open answer viabil compani increas turnov explain import part shift product vsg wkw measur improv compani presenc market turnov increas consid realist addit distort competit limit relev market crankshaft suffer overcapac beneficiari reduc capac product unit commiss note investor rais contribut substanti show commit restructur compani reflect willing expos entrepreneuri risk take account result find problem procedur articl ec open solv commiss conclud aid measur favour wkw compli guidelin restructur plan fulli implement investor bound oblig execut plan monitor annual report commun germani commiss aid exempt articl ec treati eea agreement adopt decis articl state aid germani implement favour wildauer kurbelwel gmbh amount eur million dem million compat common market mean articl ec treati condit articl fulfil articl restructur plan fulli implement measur ensur plan realis investor contractu bound oblig includ commit provid contribut dem million cash financ financi gap dem million financi measur dem million financ restructur execut plan monitor annual report commun germani commiss condit articl fulfil derog withdrawn articl decis address feder republ germani brussel june commiss mario monti member commiss letter commiss oj detail inform network receiv germani novemb agreement cover joint market effort wkw nfc worldwid market defin lead market respons compani forese nfc suppli wkw semi produc crankshaft improv product qualiti confirm qualiti audit made compani field man mak deutz deutsch bahn ag addit loss cover includ tabl notif region aid programm approv commiss letter commiss august sg dem million invest cash loss dem million prefinanc investitionszulag dem million prefinanc ga measur dem million guarante equiti capit arbeitsförderungsgesetz programm approv commiss nn letter commiss januari sg footnot case footnot point annex commiss commun region state aid rule oj footnot dem million dem million dem million dem million dem million dem million dem million dem million dem million dem million oj letter april sg letter januari sg point guidelin guidelin remain applic virtu point guidelin state aid rescu restructur firm difficulti commun member state oj busi secret busi secret busi secret busi secret busi secret busi secret dem million dem million busi secret dem million dem million dem million dem million busi secret increas total firm order dem million dem million vsg wkw time period busi secret busi secret presumpt support letter intent custom busi secret busi secret busi secret inform contain recit confirm recent report juli independ account firm societät treuhand gmbh osnabrück submit commiss dem million dem million dem million million dem million dem million aid dem million investor contribut dem million