commiss decis decemb state aid implement germani sket walzwerkstechnik gmbh aid nn 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 germani notifi restructur aid sket walzwerkstechnik gmbh magdeburg commiss pursuant articl articl ec treati letter date novemb commiss request addit inform germani repli letter date januari januari march meet commiss german author held juli discuss case part aid paid case regist number nn basi inform submit germani commiss decid initi proceed articl articl ec treati call germani submit inform assess case doubt compat aid common market decis commun germani letter date novemb publish offici journal european commun commiss chang case number addit interest parti invit submit comment month public februari januari februari march june juli septemb octob januari april germani inform respons initi proceed meet held juli octob give german author opportun discuss case parti submit comment fact sket walzwerkstechnik gmbh sket wt base magdeburg saxoni anhalt germani workforc turnov approxim design arrang manufactur instal complet custom made steel roll mill worldwid engin design activ fail conglomer sket smm april sket wt privatis münchmeyer petersen gmbh amp kg mpc basi open uncondit tender compani consid sme criterion independ met current measur context privatis design support restructur sket wt saxoni anhalt region high level unemploy region elig region aid pursuant articl ec treati sket wt belong famili quot sket compani quot origin collaps larg industri conglomer sket schwermaschinenbau magdeburg gmbh sket smm march commiss began formal investig restructur aid sket smm sket smm privatis file bankruptci octob restructur plan fail novemb januari germani inform commiss intend continu activ bankrupt sket smm legal person set take asset activ fail predecessor compani june commiss adopt neg final decis ec regard aid sket smm commiss approv aid sket spin compani quot babi sket quot purpos commiss accept quot babi sket quot case successor compani sket smm undertak distinct fail sket smm question make liabl aid sket smm appli sket wt investor privatis contract april share sket wt transfer bv mpc compani activ market worldwid includ manufactur capac worldwid workforc exclud sket wt approxim dem turnov privatis time privatis sket wt investor chosen intern call tender search investor conduct west merchant bank subsidiari westdeutsch landesbank period month bank contact interest parti start negoti final negoti mpc success sket wt privatis mpc april compani offer convinc plan guarante invest employ specif mpc guarante employ person sket wt decemb promis invest dem million resourc decemb employ guarante subject penalti dem person invest oblig penalti invest amount privatis contract prohibit investor withdraw site decemb oblig fulfil penalis tune dem person investor commit withdraw profit sket wt addit mpc compani accept complet quot contract quot sket smm total dem million interest parti ask bigger contribut bv context privatis mpc paid purchas price dem provid loan amount dem mpc undertook make cash contribut dem financ invest bank guarante amount dem ad amount dem financ cost capac reduct result financi inject initi investor contribut amount dem million note addit amount mpc gradual state respons phase basi financi guarante total dem million bv undertook waiv loan dem million provid grant dem million grant dem million bankruptci administr enabl preserv roll mill oper sket smm prior extract transfer sket wt addition provid credit facil total dem million ad bridg loan dem million prefin financi measur land basi quot rahmenrichtlini de land sachsen anhalt quot sket wt receiv dem million complet quot contract quot sket smm respect bv guarante fulfil sket smm contract parti restructur plan problem sket wt roll mill oper sket smm sket wt deriv workforc asset major part order book problem roll mill oper sket smm primarili bad manag overstaf addition compani depend unstabl deterior geograph market neglect industri properti right restructur plan date back revis time privatis april relat privatis forese number measur improv perform sket wt market extract roll mill oper sket smm oper pure engin oper addition plan provid compani capit financi resourc trade activ financ develop industri properti reduc materi cost offer product modular basi cut personnel cost reduc staff level continu complet restructur workforc employe left make financi power connect brought mpc sket wt penetr stabl geograph market mpc trade activ relat product market area sket wt remain unstabl market enter quot barter agreement quot solv qualiti problem compani face reinforc sale depart improv market strength compani reinforc amp depart reorganis data process depart acquir machineri improv sale servic restructur period cover time span direct result implement restructur plan synergi effect expect bui condit integr sket wt mpc group subsequ term condit financ assur joint sale servic network mpc joint market mpc extens product rang offer group improv qualiti level product compani financi measur bv land saxoni anhalt financi measur context privatis tabl public financi measur assist sket wt gt tabl gt investor commit financi measur context privatis tabl privat financi measur assist sket wt gt tabl gt ad dem million cash flow sket wt consid part restructur cost cost amount total dem million tabl total cost restructur gt tabl gt sket wt receiv dem million bv complet contract sket wt sket smm quot contract quot includ tabl sket smm enter contract parti suppli servic good perform sket smm contract back guarante bv parti neg decis ec sket smm commiss found compani award incompat aid found number sket smm contract distort competit sket smm bankrupt parti left unfulfil sket smm contract bv left liabil guarante contract potenti exposur bv guarante contract dem million agreement parti administr bankruptci interest minimis loss collaps sket smm bv order escap pai full amount guarante contract agre pai sket wt dem million finish outstand work sket smm contract argument put forward german author cheaper parti complet sket smm contract argu fulfil guarante contract bv behalf sket smm parti purpos ensur parti cover failur sket smm perform contract result higher expenditur pai sket wt complet contract bv payment sket wt complet remain contract cheapest option januari germani submit expert report support assert sum cover sket wt cost complet contract german author bv behav privat investor payment sket wt consid aid commiss decis initi proceed articl ec treati decis initi proceed articl articl ec treati commiss express doubt compat common market aid notifi unlawfulli disburs decis enjoin germani submit inform enabl commiss assess case main reason initi proceed lack inform insuffici contribut privat investor addition commiss doubt long term viabil compani germani submit imprecis inform aid measur made imposs commiss assess aid proport cost benefit restructur extent aid sket wt lead distort competit germani request clarifi take fulfil contract sket smm sket wt comment interest parti commiss receiv comment interest parti initi proceed comment germani number answer respons proceed octob german author provid inform long term viabil sket wt distort competit clarifi investor contribut comment fulfil contract assess sket wt design arrang product parti steel roll mill sket wt activ european world market import market sket wt market trend greater invest updat machin overcapac sket wt direct competitor larg group small compani specialis nich product initi proceed commiss find excess capac market reason situat chang state intra commun trade sector question consider trade member state affect aid measur individu measur examin articl ec treati fund deriv state resourc threaten distort competit affect trade member state confer advantag investor cover expens bear sket wt receiv total dem million state sourc financi measur cover programm bridg loan dem million guarante programm land saxoni anhalt aid measur compli condit scheme cover measur reassess commiss amount account assess proportion aid measur recit financi measur cover programm dem million relat contract award sket smm sum treat entireti aid sket wt receiv bv financ complet contract sket smm argument put forward germani bv behav privat investor payment sket wt complet remain contract cheapest option accept contract conclud unrealist price sket smm compani difficulti receiv larg amount state fund financ contract contract exist aid sket smm exist due state aid reason sket smm contract distort competit contract remain distort oper market competitor sket wt demand higher price complet order payment dem million sket wt consid aid includ assess option award complet contract sket wt cheapest bv aid contract accept part restructur plan amount balanc dem million fall assess ad hoc restructur aid recipi benefit aid measur context privatis total dem million award bv land saxoni anhalt dem million subject commiss present assess examin aid measur fall derog provid articl ec treati aid measur provid bv land saxoni anhalt notifi restructur aid order restor viabil undertak difficulti commiss attent derog provid articl ec treati 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 account fact länder germani belong assist area articl ec treati 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 counterweight distort effect aid award amount intens aid limit strict minimum restructur phase cost aid relat exce expect benefit restructur plan sine qua restructur plan restor long term viabil health firm reason timescal basi realist assumpt futur oper condit principl repetit aid investor restructur plan anticip offset market collaps access market central south america order guarante long term viabil sket wt inform project financi perform restructur sket wt envisag restor long term profit state support tabl financi situat sket wt improv plan chart select kei data column arithmet complet gt tabl gt trend figur consist expect complet contract restructur plan envisag number intern measur firstli extract roll mill oper sket smm organis pure engin oper free sket wt burden past compani choos freeli supplier forc sket smm provid past flexibl market addition provis compani capit financi resourc enabl trade activ make financi power connect brought mpc connect sket wt penetr stabl geograph market reinforc amp depart support develop sket wt industri properti sket wt effect measur improv product qualiti plan entail reinforc sale depart acquisit machineri complet reorganis compani includ reduct materi cost personnel cost improv competit measur includ restructur plan enhanc compani presenc market advers effect competitor condit aid restructur measur offset advers effect competitor aid contrari common interest elig exempt pursuant articl ec treati sket wt small share european worldwid market guidelin requir compani oper sector overcapac cut capac relev sector establish market analysi structur overcapac exist sector sket wt engin design oper reduc capac year framework restructur roughli man hour undu distort competit aid consid offset final note sket wt remain small player market addition compani plan increas turnov substanti restructur condit guidelin relat advers effect competitor met 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 sket wt receiv dem million aid context privatis exclud aid approv programm includ dem million aid base guarante programm land saxoni anhalt dem million aid account proportion analysi contribut investor amount dem million fund restructur sket wt constitut approxim total restructur cost dem million investor cover substanti part invest expens involv restructur show commit fact part assum risk restructur commit underlin employ invest guarante investor analysi aid measur show proport cost advantag restructur specif purpos amount limit aid practic compani aid natur compani surplu liquid allow pursu aggress price polici market total amount aid restrict minimum order ensur restructur return long term viabil compani state german author financ complet quot contract quot monitor independ auditor cost relat cover make payment bv respect purpos note investor contribut increas gradual complet restructur mpc addit financi measur guarante total dem million bv view commiss conclud condit limit aid strict minimum appear fulfil germani 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 quot cash flow quot account element investor contribut conclus note germani compli articl ec treati grant aid prior commiss approv commiss take account fact measur sket wt restor beneficiari viabil unduli distort competit condit suffici investor contribut consid fulfil enterpris situat area elig aid articl ec treati view inform provid germani commiss conclud main question account proceed initi answer viabil compani implement measur includ restructur plan guarante return compani long term viabil addit distort competit limit relev market roll mill suffer overcapac beneficiari reduc capac commiss note investor rais contribut substanti show commit restructur compani reflect willing expos entrepreneuri risk commiss accept argument put forward german author fulfil contract sket smm sket wt econom solut state consid measur complet contract aid problem account proceed articl ec treati initi deem solv commiss conclud aid measur assist sket wt compli guidelin provid restructur plan fulli implement execut plan monitor annual report commun germani commiss aid exempt articl ec treati articl eea agreement adopt decis articl state aid germani implement sket walzwerkstechnik gmbh magdeburg amount eur million dem million compat common market mean articl treati subject condit set articl articl restructur plan fulli implement measur ensur plan put effect germani submit annual report commiss implement restructur plan condit set paragraph fulfil exempt withdrawn articl decis address feder republ germani brussel decemb commiss mario monti member commiss commiss letter oj busi secret mpc fairli larg compani sme qualifi sme mean commun guidelin state aid small medium size enterpris commiss recommend april oj oj oj oj sket maschinenbau edv gmbh nn approv sket verseilmaschinenbau gmbh approv septemb cimbria sket gmbh nn approv sket maschinen und anlagenbau gmbh approv juli cf programm approv commiss amend decis adapt scheme guidelin rescu restructur dem million dem million investor contribut dem million cash flow compani panorama european industri predict moder growth year ahead cf programm approv commiss amend decis adapt scheme guidelin rescu restructur 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 oj cf programm approv commiss amend decis adapt scheme guidelin rescu restructur dem million dem million tabl recit