commiss decis decemb state aid form loan wagnisbeteiligungsgesellschaft landesförderinstitut implement germani neue harzer werk 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 februari germani inform commiss grant aid neue harzer werk gmbh nhw letter juli commiss inform germani decid initi procedur laid articl ec treati respect aid commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid octob commiss adopt neg decis decis ec part state aid grant germani nhw restructur compani letter octob commiss inform germani decid initi procedur laid articl ec treati respect remain measur commiss decis extend procedur publish offici journal european commun commiss invit interest parti submit comment aid ii descript aid aid recipi nhw locat saxoni anhalt germani assist region mean articl ec treati set march owner acquir asset harzer werk gmbh liquid receiv asset deal nhw produc iron cast origin line consist sand cast centrifug cast juli nhw file insolv januari receiv consent committe creditor sold share compani dem investor asset gmbh germani inform commiss effort investor asset gmbh continu compani busi fail juli insolv proceed subsequ resum order satisfi nhw creditor asset dispos part regular insolv proceed sand cast busi ceas decemb asset dispos centrifug cast product continu context insolv proceed intend receiv consent committe creditor sell investor asset deal present investig procedur cover restructur nhw restructur plan drawn envisag return profit year cost restructur amount eur dem plan nhw grant aid amount eur dem restructur restructur financ tabl public contribut restructur dem grant gemeinschaftsaufgab ga mittel invest allow investitionszulag wbg loan konsolidierungsprogramm lfi loan konsolidierungsprogramm bv grant subtot dem eur tabl privat contribut restructur dem capit inject loan kfw credit nordlb leas agreement cash flow subtot dem eur total tabl eur germani measur tabl implement approv aid scheme measur origin consid constitut exist aid assess part formal investig procedur initi juli initi measur consid ad hoc aid restructur assess compat common market subsequ octob commiss adopt decis ec ad hoc aid measur total eur dem million assess accord commun guidelin state aid rescu restructur firm difficulti guidelin decis commiss found ad hoc aid grant restructur nhw incompat common market measur tabl account assess privat contribut germani issu inform injunct pursuant articl council regul ec march lai detail rule applic articl ec treati fail suppli inform commiss assess measur implement market term dai decis ec measur adopt commiss adopt decis extend formal investig procedur articl ec treati measur total eur dem measur form part restructur packag measur assess decis ec formal reason includ initi assess purportedli grant aid scheme approv commiss consid exist aid measur constitut exist aid assess directli articl measur principl consid approv decis extend formal investig commiss conclud aid amount eur dem compli term previous approv scheme consid ad hoc aid restructur plan ad hoc aid assess previous compli derog allow authoris restructur aid iii comment germani letter octob germani suppli addit inform purportedli privat contribut restructur measur tabl inform measur contain interest subsidi eur dem measur contain interest subsidi eur dem measur put effect iv assess aid articl ec treati declar aid grant state resourc undertak incompat common market aid distort threaten distort competit affect trade member state measur fall scope articl constitut exist aid gener incompat common market qualifi derog articl state aid commiss note interest subsidi contain measur amount eur threshold de minimi aid laid commiss regul ec applic articl ec treati de minimi aid measur assess decis contrari germani assert measur involv loan amount eur cover exist aid scheme reason state decis initi formal investig procedur consid ad hoc measur restructur nhw loan grant germani financ restructur nhw firm difficulti confer econom benefit specif undertak receiv normal market term measur distort competit natur aid trade member state sector recipi oper financi measur fall scope articl ec treati constitut state aid derog articl ec treati articl set condit aid compat consid compat common market loan restructur measur assess decis ec grant financ restructur nhw measur previous assess assess guidelin lai detail condit favour exercis commiss discret articl ec treati firm locat assist region ad hoc aid firm difficulti assess accord guidelin region develop consid result restructur oper econom viabl busi contribut real develop region requir continu aid establish decis ec inform submit germani aid grant recipi entri forc guidelin guidelin point guidelin guidelin appli measur question note measur form part restructur plan assess commiss decis ec restor viabil guidelin restructur plan lead restor viabil reason time compani compet market merit commiss assess restructur aid light criterion decis ec conclud viabil criterion guidelin fulfil restructur plan consid suitabl restor firm long term viabil conclus base find turnov level envisag restructur plan overst overhead cost reason initi failur adequ tackl plan staff reduct insuffici reduc staff cost oper cost envisag plan high mainten cost excess loan grant restructur project basi restructur plan commiss restat view viabil secur plan avoid undu distort competit condit laid guidelin measur offset advers effect competitor compani oper market excess capac capac reduc note nhw establish decis ec consid sme aid grant guidelin commiss adopt restrict approach relat capac reduct restructur aid grant sme aid grant sme low market share commiss conclud aid nhw unduli distort competit mean guidelin aid proport restructur cost benefit guidelin requir aid limit strict minimum need restructur decis ec commiss conclus proportion criterion fulfil respect hand proportion criterion recipi requir make signific contribut restructur plan resourc extern commerci financ market term transpir inform investor contribut dem million inform term leas measur tabl provid investig procedur commiss unabl assess contribut made market term assess leas consid immateri determin signific recipi contribut contribut consid contribut aid recipi notwithstand inform injunct inform provid kfw loan measur tabl commiss unabl assess amount grant market term reason appli nordlb loan measur tabl cash flow measur tabl consid contribut recipi larg extent gener basi previou state aid addit time restructur plan drawn cash flow gener uncertain contribut consid contribut recipi account assess proportion aid total cost restructur amount dem million state bodi contribut dem million investor dem million possibl dem million circumst commiss conclud recipi contribut regard signific mean guidelin latest inform suppli germani measur tabl put effect contrari previous argu determin decis ec contribut amount made restructur latest inform measur tabl amount eur dem publicli refinanc includ interest grant eur measur link public grant regard privat contribut essenti regard latest inform reason recipi contribut regard signific mean guidelin hand pursuant guidelin proportion criterion impli invest grant aid essenti restructur aid limit strict minimum decis initi procedur commiss express doubt aid limit strict minimum firm hold eisenguss torgelow gmbh restructur inform background hold provid notwithstand inform injunct commiss unabl assess acquisit hold essenti restructur held decis ec aid limit strict minimum assess confirm present decis conclus view forego observ state aid grant nhw hand compli proportion criterion link viabl restructur plan enabl firm compet merit restructur commiss conclud aid compli condit set guidelin compat common market adopt decis articl state aid amount eur germani provid form loan grant wagnisbeteiligungsgesellschaft landesförderinstitut neue harzer werk gmbh incompat common market articl germani measur recov recipi aid refer articl unlawfulli made recipi recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul grant equival region aid articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel decemb commiss mario monti member commiss oj oj footnot oj footnot oj oj regul amend act access oj point guidelin oj point guidelin