commiss decis march state aid favour hilatura tejido andaluc sa call mediterráneo técnica textil sa buyer spanish text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic parti concern submit comment provid articl regard comment hilatura tejido andaluc sa hytasa call mediterráneo técnica textil sa state undertak belong spanish state properti offic ministri econom affair financ patrimonio establish sevil privat entrepreneur consequ financi difficulti compani patrimonio hytasa oper integr manufactur cotton product carri gin spin weav finish tailor oper spin weav finish oper wool sector firm own factori sevil textil oper carri spin weav finish plant small town region agro industri oper gin agricultur plot total belong compani time acquisit compani patrimonio launch restructur plan financ provis spanish sector aid scheme capit inject pta million plan aim improv product hytasa reduc workforc increas product capac notwithstand effort neg econom result reduc capit hytasa virtual nil ev spanish access commun econom result point turnov pta billion loss reach level sale ii complaint commiss request spanish author letter date april send relev inform alleg capit contribut state made cover oper loss hytasa sa access spain commun letter date august spanish author provid inform repli insuffici assess compat state intervent provis articl eec treati commiss request inform letter august inform partial submit letter novemb main inform includ document concern capit increas paid total pta million sale unproduct asset land meet commiss offici spanish author announc process privat final stage suppli inform matter notabl list compani invit make offer detail sale unproduct asset total pta million june inform sale promot document provid patrimonio directli commiss inform request commiss june june patrimonio suppli inform privat condit financi term sale pta million capit inject patrimonio price pta million total capit compani capit increas pta million time sale carri buyer criteria determin offer receiv condit confirm meet spanish repres commiss offici held june juli spanish author suppli inform year recoveri plan hytasa plan assum sale increas pta million forecast workforc reduc abovement capit contribut revenu sale asset util financ capit invest cost workforc cut back oper respect note period hytasa spent pta million invest pta million redund cost workforc pass peopl end juli period hytasa turnov pta million pta million record oper loss pta million pta million spanish author inform commiss view privat hytasa made approach compani thought interest deal send promot brochur compani detail inform furnish made interest negoti potenti bidder final purchas bid receiv final spanish author select offer highest benefit econom term assur futur viabil compani spanish author opinion assur futur hytasa found featur industri recoveri plan suggest buyer financi abil carri foreseen capit increas profession experi textil sector compar advantag repres exist industri commerci structur belong buyer implement industri plan hytasa short time sale contract suppli spanish author term sale sale price share compani state pta million buyer period year sell share author patrimonio period sharehold restrict oper ensur mainten major stake present buyer year period buyer carri temporari lai off agreement reach union worker scheme anticip retir compani pai dividend year period period buyer split compani sell part present facil estat properti proce eventu sale estat compani buyer implement recoveri plan attach sale contract brand name untang asset acquir hytasa capit increas pta million carri patrimonio time sale improv financi condit hytasa make invest pai dismiss buyer renounc financi benefit aris claim hytasa patrimonio ministri economi buyer agre balanc sheet hytasa june part contract condit import financi event occur consequ act prior sale compani born seller buyer engag increas pta million capit compani immedi pai sum examin forego inform juli commiss decid initi articl procedur respect pta million capit contribut provid state hytasa moment access spain commun januari commiss consid financi intervent constitut aid mean articl aid qualifi principl exempt incompat provid articl articl procedur initi cover potenti addit aid state grant accept purchas bid pta million sharehold hytasa view firm net worth pta million state provid pta million capit contribut sale term commiss decis initi articl procedur notifi spanish govern letter august letter invit spanish govern submit observ provid detail inform request inform relev commiss assess eventu compat aid member state interest parti inform commiss decis public offici journal european commun text letter spanish govern septemb spanish author ask prorog month term submit comment request accept commiss letter date septemb comment spanish govern open procedur pursuant articl eec treati inform suppli octob spanish govern state disagre provision conclus commiss increas capit pta million capit contribut pta million hytasa sale constitut state aid qualifi exempt eec treati capit increas spanish govern stress form part restructur plan design secur compani viabil invest carri govern base sound criteria equal appli privat investor opinion produc good result downturn market spanish govern consid public intervent question advers affect competit common market market presenc firm declin term product capac actual output period respect capit contribut spanish author state place respons circumst develop prior spain access commun term sale spanish govern state sale hytasa involv state aid substanti opinion fact hytasa sold highest bidder openli put sale intern market addit emphas concern valu basi net worth commiss light present anticip return firm purchas respect spanish govern stress hytasa oper loss exceed pta billion amount pta billion month reduc workforc hytasa job restructur programm buyer cost pta million spanish govern point term sale involv aid sale hytasa put compani privat hand meant implement recoveri plan drawn buyer particip financ capit contribut pta million incorpor compani asset opinion sale design simpli compani busi ensur econom technic financi recoveri reason public intervent question compli provis applic commun law addit spanish author stress light sell compani feasibl action commun nation region point view wind compani cost dismiss workforc cost state unemploy benefit loss compani asset state aid rebuild industri fabric lastli spanish author firm locat sevil area classifi commiss elig region econom aid suggest exempt provid articl eec treati case applic inform attach comment concern capit invest carri hytasa period privat summari bid sale compani explan reason choic made gener data buyer copi sale contract restructur plan ident buyer disclos commiss note hytasa sold juli privat compani hilatura gossypium sa locat barcelona industria textil del guadiana sa locat mérida badajoz compani evenli share capit hytasa oper textil sector produc cotton yarn fabric combin turnov pta million letter receiv commiss januari german feder textil industri favour comment commiss initi open procedur pursuant articl eec treati stress import hytasa produc highli competit market comment transmit commiss spanish author februari march spanish govern suppli remark comment german confeder textil industri point hytasa cover commun market cotton wool yarn sale german market averag dm year iii fact select purchas bid hytasa highest econom term spanish author stress sale design compani artifici aliv ensur econom technic financi recoveri initi restructur programm hytasa drawn owner submit spanish author comment open procedur plan foresaw implement invest programm worth pta million main intervent plan concern cotton sector gin spin oper result invest gener increas product vi vi rang product except spin wool yarn expect product invest plan foresaw larg reduct workforc level year period cost born hytasa provid incent departur estim pta million aim polici doubl amount sale employe reach long term viabil compani plan account hytasa gradual improv report cumul loss reach amount pta million small profit pta million foreseen year remark capit contribut pta million provid state sale plai outstand role restructur programm contribut expressli intend bolster financi state compani cover expens incentiv dismiss invest march meet commiss offici repres patrimonio held issu restructur plan hytasa main point rais commiss offici concern necess recoveri plan compani reduct product capac sale market share ensur viabil compani involv aid exceed minimum requir take consider commiss offici request spanish author present newli revis restructur plan hytasa involv reduct product capac market share whilst ensur compani viabil requir remark commiss doubt restructur programm secur hytasa viabil compani expect record persist neg financi result receiv repli commiss remind spanish author letter request warn absenc altern restructur plan commiss oblig final posit basi inform date plan submit spanish author june forese radic product commerci polici hytasa compani sell final good cotton wool finish fabric cotton cloth consequ decreas spin weav oper vi vi increas product finish textil cloth product order fulfil addit half finish materi hytasa resort extern supplier cumul oper result plan neg pta million show good return pta million margin sale final year revis plan forese direct workforc figur extern job requir estim commiss estim amount comparison plant put evid point doubt sound assumpt result contradict plan commiss agre final favour forecast revis plan spanish author give explan mean effect increas plan sale compani stop sale yarn raw fabric foreseen previou plan sale finish good cloth roughli quantit level plan explan justifi larger direct workforc reduct product foreseen iv examin capit contribut patrimonio del estado hytasa sale contract term sale contract commiss verifi extent public intervent state aid element mean articl eec treati remark patrimonio del estado intrins part spanish state statu director gener spanish ministri econom affair financi requir wholli cover state basi budgetari appropri financi resourc patrimonio del estado consid resourc state capit contribut provid hytasa constitut public intervent provis public fund compani form capit contribut involv element state aid fund provid circumst accept privat investor oper normal market condit case financi posit compani structur volum debt normal return dividend capit gain expect reason time capit invest inadequ cash flow reason compani unabl rais fund need invest programm capit market posit made commiss letter member state septemb applic articl eec treati public author hold respect note recent commun juli introduc report system identifi aid present financi flow public author publicli own compani commiss remind member state principl determin aid involv state intervent part iii commun addit court justic clarifi applic articl eec treati respect public hold judgment case intermil meura boch order determin capit contribut state aid court held compani question obtain financ privat capit market evid suggest beneficiari surviv public fund rais capit requir open market privat investor conclud payment constitut state aid take account time provis capit patrimonio del estado hytasa made loss long period state oblig past recapit compani subsanti repeat occas busi result term capit return invest privat investor base decis forese probabl profit disregard social consider consider region sector polici provid hytasa success capit increas total pta million term sale hytasa commiss consid proven compani highest bidder fact suffici assur state aid element involv sale compani order arriv conclus prove sale place uncondit open bid tender process potenti buyer invit bid compani state impos condit settl sale respect inform provid spanish author state impos condit buyer limit temporarili dispos sharehold acquir addit state provid financi resourc compani privat verifi ration state behaviour privat investor respect capit contribut pta million conclud sale accept price pta million capit sharehold held patrimonio del estado hytasa respect question privat investor oper normal market econom condit intend maxim profit invest made capit contribut contribut place econom term sale oper capit contribut provid state framework sale contract hytasa expect monetari return offer present bidder compani sharehold capit contribut state price paid buyer interrel term sale contract buyer paid pta million hytasa capit state previous provid pta million capit contribut light forego consider state recov pta million equival present paid buyer hytasa capit absenc pta million capit contribut state obtain monei purchas bid condit provis state capit aid element contain amount pta million differ pta million million state aid element potenti involv accept state pta million price hytasa sharehold commiss conclud addit aid element exist connect behaviour substanti fact capit sharehold hytasa consid state higher abovement price view fact compani past financi record anticip final result compani state posit return expect capit sharehold hytasa radic chang compani market product structur state attempt undertak note light inform commiss behaviour spanish govern sell hytasa commun term reveal state aid element addit pta million previous identifi chosen option sell compani concern compar altern liquid compani note respect inform submit spanish author cost hytasa reduc workforc amount averag pta million employe total cost liquid compani reach amount pta million net worth compani pta million capit inject pta million patrimonio drawn net posit surplu liquid altern hytasa identifi state aid element sale term continu net disburs state pta million form capit contribut previou compani sale assess behaviour state market economi privat investor commiss account test similar circumst privat sharehold regard forese obtain return leav social region polici sector consider subscrib capit question case meura ground cost consid commiss amount grant member state power rescu compani difficulti basi pure nation interest situat creat distort competit contrari common interest contradict principl eec treati empow commiss determin compat state assist context commun singl member state put abovement cost behaviour state owner sharehold compani amount empti market econom privat investor principl mean summari detail examin commiss reach conclus state aid grant hytasa made pta million capit contribut patrimonio del estado period aid element pta million involv capit contribut patrimonio del estado compani privat intervent artifici strengthen hytasa financi posit aid hytasa affect trade member state distort threaten distort competit common market mean articl eec treati fact financi assist state strengthen posit enterpris compar compet commun deem affect enterpris judgment court justic case philip morri respect note good produc market hytasa trade member state competit produc commun global product textil amount ecu million correspond cotton industri wool sector commun product cotton spun yarn fabric group mfa categori slightli depress trend amount tonn tonn spanish product repres commun output spun yarn categori fabric categori statist finish fabric compani hytasa repres spanish product spun yarn compar data fabric finish fabric tailor intra commun trade substanti cotton yarn fabric finish fabric repres commun product commun product yarn card comb wool fabric group mfa categori trend product card yarn sector shrink product assess tonn year comb yarn flat trend product tonn increas product year fabric recent year show flat trend tonn spain manufactur commun product wool card comb yarn fabric hytasa repres spanish product spun yarn card comb compar data fabric finish fabric intra commun trade pure wool yarn cover card comb yarn trade mix yarn synthet fibr half time import intra commun trade fabric pure wool repres product case mix fabric trade compani hytasa particip commun trade directli sale wool fabric foreign countri indirectli occupi wool cotton product larg share spanish market commun market product manufactur hytasa highli competit fact product price competit qualiti competit present stagnat side demand coupl increas pressur side import countri consequ prevail price depress larg product capac stai idl market difficulti cotton product recogn multi fibr agreement categori cotton yarn fabric scale sensit wool sector product yarn consid sensit difficulti recent increas circumst aid grant competitor liabl produc distort effect competit condit legal statu aid hytasa commun law conclud illeg spanish govern fail notifi advanc commiss provid articl eec treati situat produc breach treati provis aid question paid recipi respect recal view imper charact rule procedur laid articl eec treati import public polici direct effect court justic recogn rule case capolongo lorenz steinick illeg aid issu remedi posteriori notwithstand note commiss oblig carri due procedur relat articl recogn court justic rule case boussac saint frère vi articl eec treati aid type principl incompat common market except provid articl eec applic case natur aid direct attain object articl eec treati list aid compat common market compat treati determin context commun singl member state order ensur proper function common market regard principl embodi articl except provid articl constru narrowli aid scheme individu aid award scrutin invok commiss satisfi aid market forc insuffici guid recipi pattern behaviour serv object except appli except case contribut object aid purpos amount confer advantag industri firm member state financi posit artifici strengthen affect trade member state distort competit justif base common interest refer articl eec treati aid hytasa form capit contribut pta million period repres big effort creat basi definit viabl restructur compani provid fact practic period financ ration invest amount pta million dismiss cost pta million note notwithstand invest carri hytasa actual product period question capac ceil hand commiss share spanish author view capit contribut respons circumst develop prior spain access commun commiss consid judgment extend contribut place preaccess industri polici spain respect public compani base principl radic inspir competit polici eec treati time loss make public compani run decis oppos sound manageri principl artifici busi financi assist state access spain commun compani forc adapt environ fair competit aid hytasa question aim facilit adapt fact confirm aid artifici relaunch activ compani produc unaccept neg sector light forego consider commiss reach conclus capit contribut pta million consid compat common market pursuant except provid articl eec treati contribut implement genuin restructur activ compani unaccept effect contrari common interest respect state aid element hytasa pta million contain capit contribut made compani sale articl lai except aid promot develop area standard live abnorm low underemploy respect hytasa situat sevil assist area pursuant articl qualifi region aid aid measur hytasa question grant region aid scheme basi ad hoc decis spanish govern take form discretionari capit contribut aid question consid region elig compat articl aid grant pursuant provis articl contribut long term develop region notabl mean case aid serv restor compani viabil object attain hytasa light inform submit commiss aspect discuss part iv unaccept neg effect competit condit commun hand pta million aid element explicitli grant state condit part hytasa invest requisit featur aid facilit develop econom area establish commiss commun principl coordin region aid system aid hytasa consid automat compat view grant made scope aid regim approv commiss commiss assess compat merit verifi aspect aid invest project line interest commun sector concern contribut sound restructur compani aspect discuss case aid pta million larg surpass level invest pta million foreseen compani situat case unaccept invest aid except provid articl aid measur question intend featur project common interest project remedi disturb spanish economi spanish author invok except observ commiss except articl eec treati aid facilit develop econom activ aid advers affect trade condit extent contrari common interest firstli note aid hytasa fall categori aid compani difficulti compani financi posit financi record precari aid firm difficulti carri greatest risk transfer unemploy industri problem member state act mean preserv statu quo prevent forc work market economi normal consequ term disappear uncompetit firm process adapt chang condit competit reason commiss take strict approach assess compat aid restructur firm difficulti commiss requir public intervent strictli condit implement sound restructur convers programm capabl restor long term viabil beneficiari compensatori justif aid form contribut beneficiari normal plai market forc alter aid achiev commun object establish articl eec treati respect aid textil sector commiss work nation expert number criteria guid govern member state intervent possibl make criteria defin commun guidelin aid textil cloth sector forc major principl set aid assist adapt industri elimin excess capac facilit joint amp activ assist structur genuin restructur adapt prerequisit guidelin grant specif fund invest purpos case aid simpli seek maintain uncompetit posit light forego consider note state aid element hytasa pta million produc effect competit futur contribut realiz compani futur invest framework restructur plan present buyer circumst commiss verifi carefulli characterist plan restructur programm connectio remark commiss suitabl anticip adjust potenti neg effect aid element competit correct neg effect increas capac caus aid futur hytasa relaunch artifici activ respect detail examin initi restructur programm hytasa revis version commiss note reduct product sale intermedi good foreseen larg offset increas manufactur sale finish product consequ commiss consid restructur plan hytasa provid commit reduc activ regard compensatori justif aid programm dispos product asset contain plan prevent hytasa futur easili expand activ recours idl capac enjoi favour condit competitor respect note futur idl capac rate hytasa spin weav oper calcul compar instal capac privat plan product order complet inform restructur plan hytasa august spanish author submit detail paper initi compani reduc workforc dismiss carri averag cost pta million head concern worker close retir ag addit dismiss program due incapac work employe time shift temporari lai off averag worker period half month set abovement reduct total fulli meet target stabl workforc contain restructur plan contrari resort temporari lai off possibl principl exclud claus sale contract compani product capac stand opportun expand sale market share personnel polici odd possibl restructur plan hytasa compensatori justif aid receiv spanish author submit date plan commiss oblig conclud state aid element hytasa pta million involv capit contribut compani sale consid incompat common market affect trade condit commun extent contrari common interest contribut genuin restructur fulli ensur viabil compani vii case aid incompat common market commiss make possibl court justic judgment case kohlegesetz confirm case deufil requir member state recov recipi aid grant illeg hytasa repai pta million illeg receiv repay made accord procedur provis spanish law relat interest arrear state liabil interest start run date illeg aid grant measur order restor statu quo remov financi benefit firm receiv unlaw aid improperli enjoi date aid paid judgment case tubemeus commiss recal relev provis nation law appli recoveri requir commun law render practic judgment case commiss germani ground sale contract import financi event occur consequ act prior sale compani born seller claus state indemn buyer reimburs aid impos commiss decid part aid incompat neutral essenc commiss decis perpetu incompat distort competit produc aid claus provis nation law constitut mean rule treati aid illeg articl virtu principl primaci commun law carri adopt decis articl aid hilatura tejido andaluc sa form capit contribut pta million period grant illeg grant spanish govern breach procedur rule establish articl eec treati aid meet condit fulfil order articl except appli reason compat common market articl state aid element pta million contain capit contribut provid patrimonio del estado hytasa privat juli illeg award spanish govern violat provis articl aid element meet condit fulfil order except articl appli reason incompat common market articl incompat state aid element withdrawn recoveri patrimonio del estado recov pta million mediterráneio técnica textil sa hytasa sa aid element recov accord procedur provis nation law relat interest arrear payabl state liabil interest start run date illeg aid grant articl agreement provid indemn buyer state patrimonio del estado oblig impos decis reimburs aid carri articl spanish govern inform commiss month date notif decis measur compli herewith articl decis address kingdom spain brussel march commiss leon brittan vice presid oj oj ecr ecr ecr ecr ecr ecr ecr ecr oj ecr ecr ecr ecr