commiss decis octob state aid grant itali industri navali meccanich affini spa inma notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite procedur juli commiss close neg final decis requir repay aid proceed initi articl ec treati januari respect aid grant itali shipyard industri navali meccanich affini spa hereinaft quot inma quot appeal recipi commiss decis annul court instanc februari letter juli itali suppli inform ii descript inma locat la spezia initi receiv itali financi aid form guarante compens loss public hold compani italia investimenti spa hereinaft quot itainvest quot inma sole sharehold inma receiv number aid grant ministri merchant navi subsequ ministri transport navig law no itainvest grant guarante inma vessel order shipown stolt nielsen tirrenia pugliola corsica ferri end inma loss total itl billion sharehold meet novemb decid cover loss hand itl billion firm reserv capit contribut itainvest itl billion sharehold meet march found inma account close novemb show loss itl billion cover itainvest sharehold meet june inma account reveal total loss itl billion itainvest cover loss provid itl billion novemb inma liquid liquid authoris complet order underwai yard order finish vessel deliv owner order yard enter liquid vessel deliv yard ceas engag econom activ state aid commiss decid unlaw neg decis juli form part firm residu asset administr cost connect wind itainvest initi grant aid sole creditor liquid octob public call express interest acquisit shipyard nation newspap european trade press includ lloyd list liquid sold inma group rimorchiatori panfilo amp srl san marco yard put highest bid price paid inma eur million eur million estim independ expert novemb inma remov public regist shipbuild iii conclus commiss note aid recipi ceas oper wind procedur grant bodi itainvest debtor real creditor sole sharehold request made recoveri potenti incompat state aid commiss conclud potenti distort competit due aid grant itali inma remov formal investig initi articl treati respect measur question longer serv purpos adopt decis articl proceed initi articl treati januari respect industri navali meccanich affini spa close articl decis address italian republ brussel octob commiss mario monti member commiss oj oj judgment court instanc februari case industri navali meccanich affini spa inma italia investimenti spa commiss european commun ecr ii