commiss decis march state aid implement germani chemisch werk piesteritz 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 march receiv april regist april germani notifi state aid measur favour chemisch werk piesteritz gmbh hereinaft cwp notif part aid grant commiss ask addit inform letter date juli novemb germani repli letter date juli regist dai septemb regist dai question rais commiss letter novemb discuss meet german author novemb june commiss receiv request inform direct competitor beneficiari juli société chimiqu prayon rupel sa prayon rupel direct competitor express concern situat point view competit decemb commiss decid rais object germani inform januari summari decis publish offici journal european commun addit commiss inform prayon rupel decemb transmit full decis march prayon rupel brought action annul court instanc cfi march decis question annul judgment notifi commiss march judgment commiss initi formal investig procedur june commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid letter date august regist august comment submit competitor chemisch fabrik budenheim rudolf oetker cfb letter date septemb regist septemb prayon rupel ad comment june regist dai letter date septemb regist dai comment submit bk giulini gmbh bk giulini comment transmit germani letter date octob august germani repli comment letter date octob regist dai submit cwp respons comment parti germani respons initi formal investig procedur receiv letter date septemb regist septemb annex letter consist manag report period submit letter date septemb regist octob relev data miss commiss request letter date octob decemb meet held brussel repres german govern beneficiari meet commiss question decemb letter date decemb regist januari germani submit document request meet germani repli letter date februari regist februari februari regist dai letter decemb letter februari germani submit beneficiari comment letter date februari regist februari germani submit annex letter date februari letter date februari regist februari germani submit manag report addit inform submit letter date march regist march april regist april august commiss request clarif aid involv germani provid request inform letter date octob regist dai march commiss inform germani decis issu inform injunct order clarifi fact case measur rank aid letter date april regist april germani submit inform request commiss relev annex letter submit letter date april regist addit inform submit letter date june regist dai letter date juli regist juli letter date august regist dai august commiss held meet repres feder land govern repres cwp question rais meet answer letter date septemb regist septemb meet german author held letter date june regist june germani submit addit comment juli final meet held german author inform submit germani letter date juli regist dai germani submit inform letter date august regist dai ii descript beneficiari cwp limit liabil compani base piesteritz saxoni anhalt assist area articl ec treati produc phosphor acid deriv product notabl phosphat set purpos acquir part privatis phosphoru base product divis stickstoffwerk ag wittenberg piesteritz stickstoffwerk stickstoffwerk manufactur chemic product brought treuhandanstalt tha public law bodi respons privatis restructur enterpris german democrat republ privatis place june tender organis goldmann sach owner cwp vopeliu gmbh urseko gmbh phosphor ag kazakhstan privat investor privatis condit capit increas phosphor ag dem dem million capit increas place share urseko gmbh phosphor ag vopeliu gmbh employe cwp germani state privatis contract declar legal effect novemb data cwp oper submit germani tabl dem million annual turnov oper result employe germani cwp regist capit eur dem million decemb own vopeliu chemi ag vopeliu gmbh mr thilo koth von vopeliu bvt industri gmbh amp chemisch werk piesteritz kg vopeliu chemi ag vopeliu gmbh galvano chemi leipzig gmbh vopeliu bioprodukt gmbh subsidiari vopeliu chemi ag form integr group group mr thilo von vopeliu chairman board director vopeliu chemi ag group includ mr vopeliu hold cwp capit inform submit germani inform injunct group exclud cwp emploi peopl gener turnov eur dem million held asset total eur dem million note germani compani constitut group commerci law bvt industri gmbh amp chemisch werk piesteritz kg part bvt group intern invest financi servic enterpris aggreg invest capac eur billion dem billion hold cwp capit regard germani institut partner februari cwp sold asset link product phosphat ti produc phosphoru phosphoru deriv sale contract goodwil intang asset stock sold eur dem million land instal sold eur dem million germani acquisit land instal condit transmiss asset free liabil commiss decis state aid grant cwp transpir ti liabl recoveri state aid case posit commiss decis successor tha bundesanstalt für vereiningungsbedingt sonderaufgaben bv land saxoni anhalt waiv secur link asset ti condit asset free liabil fulfil sale contract effect long sale contract effect payment eur dem outstand contract effect cwp produc phosphat exclus ti turn raw materi financi measur public author connect privatis june cwp agre pai price eur dem million phosphoru base product oper divis stickstoffwerk price paid instal eur dem million june june june remain instal eur dem million payabl juli cwp commit guarante job octob carri invest eur dem million decemb turn tha made measur measur subsequ modifi numer amend privatis contract period tabl overview tabl eur million measur context privatis tha guarante prolong guarante transform grant invest grant treatment residu total measur guarante eur dem million oper credit loan origin grant deutsch bank transfer commerzbank hypovereinsbank measur origin guarante measur run decemb initi formal investig procedur germani report result amend privatis contract guarante prolong time occas novemb expiri deadlin novemb bv grant cwp loan amount order repai credit cover guarante loan replac exist credit guarante termin germani state loan run decemb interest rate correspond refer rate set commiss latest amend privatis contract place juli provid transform loan grant waiver repay cwp event posit commiss decis measur repay grant eur dem million financ invest safeguard product measur tha cost treat residu amount eur dem million grant increas eur dem million germani project subsidis increas turn technic feasibl addit amount paid financi measur notifi germani amend privatis contract provid thing prolong guarante measur measur defer payment purchas price agreement reach end begin compani bv order avoid insolv cwp provid seri measur public author constitut core notif tabl overview restructur measur notifi tabl eur million measur tha bv amount waiver purchas price waiver interest deferr purchas price invest grant guarante cover privat invest loan dem million guarante cover privat oper loan dem million transform guarante loan grant measur land saxoni anhalt guarante cover privat invest loan dem million guarante cover privat oper loan dem million measur approv aid scheme direct invest grant joint feder govern länder scheme juli invest allow total measur agreement bv agre decemb deferr decemb payment purchas price defer occas amend privatis contract purchas price final waiv juli commiss notifi vertragsmanag list inform contract monitor activ bv measur initi formal investig procedur germani acknowledg interest accru end result payment deferr tune eur dem million waiv decis decemb bv agre charg futur interest defer purchas price measur bv increas grant financ invest safeguard product measur eur dem million initi formal investig procedur germani state eur dem million grant total financ invest measur eur dem million increas grant total eur dem million measur april cwp obtain oper loan eur dem million hypovereinsbank loan cover guarante bv eur dem million remain cover guarante land saxoni anhalt measur loan run decemb subsequ prolong time latest inform outstand measur april cwp obtain invest loan eur dem million hypovereinsbank loan cover guarante bv eur dem million remain cover guarante land saxoni anhalt measur loan run latest inform outstand measur initi formal investig procedur germani state guarante bv prolong occas novemb bv final paid direct bank part loan cover guarante eur dem million cash serv secur repay credit cwp bank replac exist secur cwp constitut loan replac previou cwp suppos pai amount eur dem million decemb interest commiss refer rate respons inform injunct germani report januari cwp paid interest payment defer interest accumul decemb amount eur dem paid juli latest amend privatis contract place juli provid transform loan includ interest defer januari grant waiver repay loan includ outstand interest cwp event posit commiss decis measur question consist simpli prolong extens measur cover decis initi formal investig procedur assess commiss present decis measur remain amount oper loan eur dem million measur cover guarante land saxoni anhalt amount eur dem million guarante initi grant april prolong year occas cwp request prolong inform submit germani guarante forc event posit commiss decis case land saxoni anhalt prolong guarante measur remain amount invest loan eur dem million measur cover guarante land saxoni anhalt amount eur dem million guarante run april measur direct invest grant amount eur dem million made juli germani amount eur dem million measur invest allow total eur dem million restructur inform provid germani restructur effort undertaken wake privatis tha measur measur effort fail difficulti face cwp caus insuffici equiti interrupt suppli raw materi lack liquid insuffici equiti due failur phosfor ag increas capit contribut eur dem eur dem million septemb suppli cwp count element phosphoru raw materi product phosphor acid turn basi product phosphat element phosphoru suppli phosfor ag kazakhstan place cwp face suppli bottleneck raw materi compani partli succeed make shortfal bui element phosphoru higher price market product standstil lead loss reduc consider compani liquid headroom origin restructur plan order restor compani long term viabil sound restructur plan notif implement period plan envisag invest product process wet process cwp product made common phosphat low level puriti primarili deterg phosphat deriv phosphor acid cwp produc intern consumpt process phosphat sale parti process produc phosphor acid raw materi wet process pure phosphor acid extract basic crude phosphor acid merchant grade acid mga mean chemic reaction thermal process emploi cwp pure phosphor acid obtain combust element phosphoru notif raw phosphor acid easier obtain cheaper process element phosphoru cwp decid restructur plan chang raw materi base consequ product method intend resolv suppli difficulti element phosphoru kazakhstan germani submit document claim constitut restructur plan document contradict notif document date head quot concept continu busi cwp compani acquir phosphoru deriv divis stickstoffwerk ag wittenberg quot sum cwp restructur strategi essenti goal firstli broaden raw materi base extend compani sphere activ mention document thermal product process abandon contrari product remain base element phosphoru thermal process instal adapt process raw phosphor acid cwp bui propos consider build medium term extract instal purif mga product wet process document date octob head quot propos long term surviv cwp includ invest financ plan quot cwp defin invest prioriti manner financ call question strategi previous formul maintain thermal process time introduc wet process invest prioriti adapt exist plant equip process wet phosphor acid construct extract instal mention aim ensur septemb cwp longer depend element phosphoru feasibl extract instal subject report consult dlm provid cost studi put cost instal eur million dem million amend plan respons initi formal investig procedur germani explain technic plan construct extract instal amend expand amend place decemb test reveal post treatment aid defluorid concentr order obtain qualiti level requir food industri februari cwp supplier provid mga need pre treatment cancel contract result cwp bui standard mga pre treat bleach increas cost led delai eighteen month implement plan forc cwp expand instal turn increas cost compound delai cost extract instal rose eur million dem million eur million dem million cwp face problem raffin highli toxic product germani respons initi formal investig procedur cwp hope parti process raffin discov mid offer raffin result crisi delai carri restructur measur brought construct extract instal halt summer capit increas sharehold compani verg insolv danger final avert agreement ti agreement reach earli provid sale phosphat product ti contract effect cwp produc phosphat exclus ti provid raw materi agreement forc cwp withdraw altogeth product phosphat produc phosphor acid wet process extract instal complet mean measur undertaken closur instal produc thermal phosphor acid cwp tradit product method phosphoru peroxid sodium hypophosphit product introduc part restructur closur phosphoru warehous phosphor longer raw materi cwp workforc reduc peopl germani consid restructur cwp successfulli accomplish respect phosphat product ti product phosphor acid restructur success ti paid purchas price cwp asset cwp complet extract instal ensur long term viabil substanti depart origin plan germani extract instal complet product thermal phosphor acid discontinu februari instal empti clean cost restructur document quot propos long term surviv cwp includ invest financ plan quot date octob cwp need invest total eur million dem million work capit amount eur million dem million period document invest plan detail invest total eur million dem million notif restructur cost total eur million dem million restructur measur notifi summaris tabl tabl eur million restructur measur cost loss compens invest safeti restructur invest clean environment damag date juli total initi formal investig procedur cost estim eur million dem million note tabl item quot grant quot quot waiver purchas price quot constitut financi resourc restructur cost tabl eur million restructur measur cost loss compens invest safeti restructur invest clean environment damag date juli grant waiver purchas price total respons inform injunct germani divid restructur part restructur phosphat product restructur area phosphor acid product cost restructur phosphat product put eur million dem million total includ invest eur million dem million cost restructur busi area estim eur million dem million total includ invest eur million dem million restructur cost amount eur million dem million note restructur cost includ cost period includ fail restructur privatis letter august germani final state cost total eur million dem million provid explan differ figur previous report respons inform injunct privat contribut notif privat contribut cwp restructur consist financ invest contribut sharehold cwp carri invest total eur million dem million decemb note invest oblig agre time privatis june requir invest financ privat mean respons initi formal investig procedur germani state invest amount eur million dem million made period invest eur million dem million privat financ amount includ publicli financ measur total eur million dem million contribut sharehold invest amount eur million dem million compon privat contribut contribut sharehold vopeliu chemi gmbh notif contribut loan eur million dem million respons initi formal investig procedur germani explain amount relat hire purchas mietkauf invest good vopeliu provid guarante respons initi formal investig procedur germani consid compani subscrib capit eur dem million regard contribut sharehold financ invest respons inform injunct germani list measur view constitut privat financ tabl tabl eur million privat financ amount limit partner capit contribut bvt sharehold loan bvt sharehold grant bvt share capit sale price salt sale price saltwork paid supplier credit vopeliu total increas privat financ notifi germani due capit contribut bvt typic silent partner cwp atypisch still beteiligung decemb bvt provid loan march grant septemb addit germani includ investor contribut supplier credit vopeliu made januari januari consist deferr payment raw materi suppli vopeliu revenu cwp obtain sale phosphat divis ti unclear measur tabl relat restructur cost recit market analysi cwp tradition manufactur industri phosphat produc phosphor acid consumpt restructur plan increas qualiti phosphat order produc food industri wet process introduc product phosphor acid note phosphor acid produc wet process equival qualiti properti produc thermal process process raw materi element phosphoru thermal process mga wet process wet process stage gener product notabl raffin process phosphor acid basi product phosphat product requir higher puriti raw materi product phosphat fertilis agricultur phosphat food industri polyphosph sodium tripolyphosph deterg formul laundri dishwash clean product industri technic applic chemic econom handbook report demand thermal phosphor acid drastic lose ground wet phosphor acid prefer downstream chemic stiff competit import china phosphat direct applic requir thermal phosphor acid purifi wet phosphor acid import cost advantag state raw phosphor acid wide inexpens handbook produc thermal phosphor acid western europ ti largest cwp febex sa krem chemi germani state european market phosphor acid phosphat oligopoli overcapac cwp take view oligopoli relev european market cwp competitor agre maintain clear overcapac germani cwp cwp market share western european phosphat market industri food insignific estim cwp produc ti present market market share ti germani state ti activ specif phosphat market cwp market phosphoru phosphor acid deriv product phosphor acid cwp state product tonn thermal phosphor acid reduc tonn extract process origin foreseen share phosphor acid market reduc western europ thermal instal shut extract instal oper cwp produc phosphor acid market share iii reason initi formal investig procedur action annul brought prayon rupel cfi judgment march annul commiss decis decemb ground infring essenti procedur requir rule commiss oblig initi formal investig procedur difficulti assess compat aid common market cfi put difficulti fact commiss decis suffici knowledg technic restructur measur firstli cfi rule commiss erron restructur measur implement cwp commiss base descript technic restructur measur inform provid germani wet process replac thermal process product phosphor acid cfi emphasis draft restructur plan octob submit germani commiss mention abandon thermal process state commiss misjudg technic feasibl profit restructur measur cfi expert opinion present plaintiff clear evid paragraph articl treati commiss requir measur compli judgment cfi undertook preliminari assess measur favour cwp includ measur examin previou decis view measur constitut state aid mean articl ec treati confirm doubt compat aid common market firstli commiss determin exact amount aid involv preliminari assess commun guidelin state aid rescu restructur firm difficulti commun guidelin rais doubt compat aid common market commiss initi formal investig procedur iv reason issu inform injunct commiss initi investig procedur basi inform submit germani respons initi inform injunct contain detail previou measur present constitut exist aid measur amend measur measur addit measur regard ad hoc measur regard germani exist aid initi procedur measur basi inform commiss verifi measur exist aid compli scheme allegedli grant commiss issu inform injunct march order clarifi situat comment interest parti initi formal investig procedur commiss receiv comment direct competitor cwp cwp comment summaris comment prayon rupel prayon rupel submit exhaust descript product process thermal wet relev product market doubt firstli project account regard restructur plan chang product method amount viabl restructur mean commun guidelin difficulti compani due suppli problem chang product process resolv matter prayon rupel consid suppli problem compani obtain phosphoru china world largest produc kazakhstan prayon rupel doubt viabil restructur plan view switch thermal wet process envisag document feasibl chang requir substanti invest includ instal simpli invest list germani addit lead improv product view share germani prayon rupel doubt cwp restor viabil turnov forecast base extrem optimist assumpt oper result continu neg prayon rupel chang product method back suffici invest lead lower qualiti product fall profit thirdli prayon rupel consid cwp expand capac basi restructur document cwp introduc wet process abandon thermal process prayon rupel amount doubl capac fourthli prayon rupel consid aid limit minimum commit sharehold invest eur million dem million privatis link restructur hypothet insuffici lastli prayon rupel doubt plan implement full view acquisit ti cwp phosphat product confirm plan implement plan comment chemisch fabrik budenheim oetker letter august chemisch fabrik budenheim oetker cfb express doubt viabil restructur plan claim construct extract instal impractic low cost short period envisag cwp state confirm subsequ market inform cwp thermal instal shut construct extract instal interrupt view calcul construct cost instal low cwp requir process produc phosphor acid cwp noxiou product process treat cfb note ti successfulli produc phosphor acid thermal process refut claim chang product process cwp restor profit doubt problem obtain element phosphoru product phosphor acid instal reduc advanc financ cost addit cfb note close cooper cwp ti includ agreement transfer phosphat busi ti period ti area oper cwp rais question ti ultim beneficiari aid lastli cfb point cwp support financi sharehold notabl bvt industri gmbh ti situat cwp capit account grant aid comment bk giulini letter septemb bk giulini consid cwp restructur plan concept inadequ disproportion chang product process technic econom point view impractic cwp intend abandon thermal process measur constitut incompat oper aid bk giulini suppli difficulti lack liquid suffici reason chang product process carri restructur aid grant invest liquid grant caus market distort commun argument aid cwp overcapac phosphor acid market europ bk giulini state aid grant germani demonstr contribut restor cwp viabil aid compani make loss agreement cwp ti evid complet failur restructur measur lastli bk giulini consid ti actual beneficiari aid comment cwp letter septemb februari germani gave reaction cwp initi formal investig procedur letter octob germani transmit cwp reaction comment mention interest parti cwp address doubt express commiss initi formal investig procedur interest parti exist restructur plan cwp explain restructur main object extens product rang area phosphat establish broader raw materi base procur cheaper altern phosphoru state object remain unchang restructur process plan amend occas doubt viabil restructur measur cwp consid extens phosphat product rang achiev construct fluidis bed dryer wirbelschichttrockn product water free phosphat extens state extract instal produc product qualiti lower cost thermal process depend suppli element phosphoru parti respond cfb comment ti successfulli produc phosphor acid thermal process cwp point ti depend suppli element phosphor produc compani addit ti cost low electr cost account bulk cost produc element phosphor ti sharehold oper nuclear power station ti bui electr preferenti rate situat ti cwp doubt success restructur plan cwp consid measur undertaken repres classic restructur compani view construct instal decis prove profit extract instal expect reduc product cost compar thermal process achiev net capit yield test extract instal confirm qualiti phosphor acid produc good thermal process cwp note competitor notabl prayon rupel announc construct extract instal time larger cwp delai construct extract instal caus suppli problem instal impractic cwp state instal complet institut interest obtain licenc cwp consid distort competit point updat studi quot market industri food phosphat quot year cru intern forecast whilst industri suffici capac meet demand signific region imbal correct overcapac industri food grade phosphat exist quot paper quot report instal bad condit renov cwp market share relev market recit insignific cwp state sold market price cwp state bk giulini direct competitor compani produc special phosphat bought third cwp phosphat product interest take cwp product phosphor acid phosphat cwp view aid impact bk giulini privat contribut restructur cwp state financ restructur plan fulli fund high raw materi cost contribut substanti cwp end privat financ invest amount eur million dem million loan grant compani includ guarante bv land regard privat contribut restructur cwp paid interest intend repai sell asset link phosphat product ti identif aid beneficiari cwp state incorpor ti sale phosphat divis ti independ compani oper cwp site ti activ phosphat busi cwp phosphor acid product contrari opinion cfb cwp suppli thermal phosphor acid ti cwp sole beneficiari aid vi comment germani respons initi formal investig procedur germani submit inform amend restructur plan recit provid inform financi measur public author made compani privatis restructur period recit detail privat contribut restructur recit compani manag report period market data submit comment parti germani refer cwp reaction report letter octob respons inform injunct germani provid inform compat exist aid measur scheme purportedli award process divid phosphat busi successfulli restructur remain busi area cwp product phosphor acid extract instal success ti paid outstand amount price vii assess introduct measur assess examin previou decis annul court instanc number notifi initi stage project accord articl ec treati articl implement commiss decis examin annul decis prolong extend decis examin measur commiss situat prevail time decis notifi measur concern situat financi support measur notifi measur concern give assess restructur take account relev develop factual situat time measur relev undertak inform injunct germani provid extens inform sharehold structur cwp transpir cwp vopeliu group includ mr vopeliu hold capit emploi workforc possess asset total eur million dem million turnov eur million dem million threshold commiss recommend ec april definit small medium size enterpris exceed bvt group hold remain share germani state regard institut investor risk capit exert control oper cwp cwp regard sme cwp rank sme year preced year full data commiss note basi inform financi measur deriv state resourc made cwp agreement ti februari note expert report draft anchem consult submit germani report agreement conclud open transpar procedur give undertak activ relev market europ possibl submit bid bid submit ti select econom viabl bid price paid correspond market price commiss consid ti direct indirect beneficiari state aid cwp exist aid number measur allegedli constitut exist aid reassess commiss compat measur scheme allegedli grant examin measur compani employe time privatis germani aid grant context cover tha scheme commiss acknowledg compani fewer employe time privatis measur notifi commiss regard constitut exist aid measur grant guarante cover tha scheme possibl convert guarante loan grant envisag outset compani difficulti consist acknowledg tha scheme constitut legal basi grant guarante decis tha scheme explicitli state loan guarante provid tha increasingli convert grant convers guarante loan grant cover tha scheme classifi aid measur initi formal investig procedur germani state time guarante grant scheme approv commiss rescu restructur firm difficulti commiss note condit laid grant guarante met present case emphasis scheme adopt entri forc commun guidelin guidelin requir member state bring exist scheme line rule point commun guidelin addit commiss review scheme issu adopt commun guidelin explain measur compli rescu restructur scheme accord commun guidelin measur question regard exist aid reassess measur invest grant amount eur million dem million grant basi aid scheme approv commiss region invest aid respons inform injunct germani state ensur rule cumul compli respect region aid grant cwp maximum region aid ceil sme respect commiss measur exist aid addit aid measur consider formal investig procedur initi measur invest allow amount eur million dem million grant basi aid scheme approv commiss region invest aid respons inform injunct germani state ensur rule cumul compli respect region aid grant cwp maximum region aid ceil sme respect commiss measur exist aid addit aid measur consider formal investig procedur initi commiss consid basi inform provid measur includ measur constitut exist aid reassess commiss amount account assess proportion aid state aid mean articl ec treati articl ec treati aid distort threaten distort competit favour undertak incompat common market affect trade member state financi measur favour cwp confer advantag cwp compani difficulti obtain market recal cwp verg insolv privat investor time provid cwp financi mean need cwp product trade competitor present member state measur threaten distort competit affect trade member state measur financ state resourc grant tha bv land saxoni anhalt tha set public law entiti task privatis state own firm german democrat republ direct supervis german ministri financ bv successor tha likewis public law entiti measur imput state constitut state aid mean articl ec treati assess measur measur waiver purchas price accumul interest invest grant bv guarante grant scope aid scheme constitut ad hoc aid assess contest germani measur germani view prolong guarante subsequ convers loan grant rank aid relev measur constitut exist aid case measur regard ad hoc measur measur part measur includ assess compat guarante measur includ measur measur includ measur enabl cwp obtain loan financi term financi market commiss consid aid element guarante measur differ interest rate cwp pai loan market term guarante interest rate guarante loan provid cwp sever financi difficulti time guarante grant loan made aid element high guarante grant loan guarante commiss notic method set refer discount rate commiss establish refer rate suppos reflect averag level interest rate charg medium long term loan back normal secur notic point refer rate floor rate increas situat involv risk undertak difficulti case premium amount basi point present case commiss consid guarante cwp pai interest rate equal refer interest rate basi point aid element guarante consist differ refer interest rate basi point interest rate guarante loan provid similar reason appli convers guarante loan bv commiss consid loan grant interest rate interest rate cwp obtain market aid element bv loan measur includ measur measur includ measur consist differ interest rate cwp obtain loan market interest rate loan provid bv commiss take view cwp pai interest rate equal refer interest rate basi point aid element loan differ refer rate basi point interest rate loan grant compat measur includ includ assess commiss ad hoc aid articl ec treati derog gener prohibit aid articl derog articl ec treati appli present case aid measur social charact grant individu consum make good damag caus natur disast except occurr aid grant economi area feder republ germani affect divis germani germani invok derog derog laid articl ec treati primari object aid region develop restor long term viabil undertak difficulti restructur aid author present case restructur aid cover derog articl treati assess rescu restructur aid commiss issu commun guidelin applic case condit applic commun guidelin examin commiss consid ground compat commun guidelin framework research develop environment protect small medium size enterpris employ train risk capit appli elig compani point commun guidelin financi weak firm receiv restructur due poor past perform dim futur prospect typic symptom deterior profit increas size loss diminish turnov grow inventori excess capac declin cash flow increas debt rise interest charg low net asset time aid grant cwp regist increas loss face sever liquid problem detail commiss consid cwp rank compani difficulti time restor viabil sine qua restructur plan restor long term viabil compani reason time scale basi realist assumpt futur oper condit restructur aid link viabl restructur plan restructur plan involv reorganis rationalis busi activ effici basi thing take account circumst give rise difficulti note case cwp restructur undertaken privatis fail restructur base document refer recit undertaken differ strategi introduc wet process extract instal essenti mga raw materi depend high cost element phosphoru reduc addit qualiti main end product phosphat enhanc aim link cwp produc phosphat econom readili cheaper raw materi wet process order determin strategi viabl measur introduc wet process assess expert report submit prayon rupel demonstr product process introduc minor adjust exist instal wet process requir instal altogeth thermal process necessit thing pre post treatment product includ defluorin concentr decolouris strategi provid step pre treatment introduc decemb project oper test laboratori shown test conduct project start serv basi calcul cost dlm studi feasibl instal date novemb mention pre treatment wet phosphor acid wet process drawn restructur plan establish basi determin cost financ restructur post treatment introduc earli cwp claim turn supplier longer provid qualiti acid commiss share view contract cwp supplier date juli project conceiv clear post treatment phase order obtain high puriti product food industri cwp intend pre post treatment product requir larger instal cwp realis anticip outset document constitut restructur plan adequ solut highli toxic raffin mention notif dlm studi state phosphat deriv raffin phosphor acid high metal content establish accept proport word identifi problem approach resolv provid solut subsequ cwp hope sell raffin discov demand contribut acut financi crisi clear concept phase plan solut found toxic raffin solut sell market studi conduct order establish feasibl document mention problem consequ inadequ plan step achiev object cost entir invest programm extract instal underst germani share view present studi dlm cost extract instal page studi base theoret calcul check conduct practic test simpli list cost produc phosphor acid mean wet process estim cost build instal studi alter view cost invest programm extract instal carefulli plan restructur strategi decid view confirm subsequ cost underst extract instal suppos cost eur million dem million cost risen eur million dem million work interrupt ow lack liquid invest put eur million risen eur million inevit consequ lack real plan restructur measur invest cost extract instal complet cwp restor long term viabil initi envisag cwp manag repai loan grant complet extract instal continu depend element phosphoru verg insolv assum restructur strategi fail germani take view cwp avoid insolv sell phosphat divis ti successfulli accomplish restructur divis addit consid restructur phosphor acid divis success ti pai outstand amount price cwp complet innov extract instal viabl support assert germani submit report dr scheibitz date juli conclus initi strategi success commiss share view initi strategi ensur cwp viabl commiss agre restructur cwp divid divis phosphat phosphor acid cwp firm difficulti restructur strategi drawn restructur divis link cwp produc phosphat effici count produc phosphor acid econom cwp increas product rang potenti qualiti phosphat produc effici remain depend element phosphoru fact cwp withdrew tradit market sell phosphat divis bid avoid insolv regard success restructur proof failur origin plan note restructur end extract instal complet quot sale quot phosphat divis ti oper instal product thermal phosphor acid close commiss regard initi restructur strategi clear initi strategi fail complet cwp posit commiss agre germani modifi strategi increas cwp chanc surviv note report dr scheibitz germani present order demonstr technic feasibl extract instal point main problem problem raffin solv instal oper cwp incorpor plan pilot phase show problem instal envisag shortli report cwp verg insolv basi inform problem raffin solv cwp complet instal problem aris absenc pilot phase final commiss note cwp major player difficult highli concentr market domin larg firm rhodia astari prayon ti cwp easi access financ suffer chronic lack equiti complet extract instal ensur compani surviv conclus commiss consid strategi carefulli plan present shortcom cost underst strategi lead restor long term viabil numer plan support view surpris cwp found verg insolv time restructur successfulli complet addit commiss consid strategi aid grant fail complet guarante cwp continu surviv condit laid point commun guidelin met aid proport restructur cost benefit 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 extern commerci financ form aid grant avoid provid compani surplu cash aggress market distort activ link restructur process figur submit germani cost restructur amount eur million tabl respons initi investig procedur germani cost restructur total eur million tabl contribut beneficiari restructur notif identifi item financ invest eur million dem million contribut sharehold origin eur million dem million note decis initi formal investig procedur invest oblig requir privatis agre year restructur start contribut restructur invest oblig invest amount eur million carri oblig consid privat investor contribut restructur state guarante loan consid privat investor contribut claim cwp respons inform injunct germani list supplier credit vopeliu privat investor contribut note item constitut credit consist deferr week payment cwp raw materi suppli vopeliu amount eur million germani privat investor contribut outstand claim vopeliu date januari outstand claim fluctuat constantli amount eur million januari fell eur million april increas januari short term deferr payment liabil relat financ restructur cost consid privat contribut restructur measur list germani privat investor contribut respons inform injunct date period relat grant aid late earli origin restructur plan commiss account plan restructur cost origin notifi germani eur million regard privat contribut compani subscrib capit eur million sharehold contribut eur million mention notif ratio privat contribut restructur cost amount manifestli insuffici take account previou practic aid compani länder eastern germani condit aid proportion restructur cost benefit fulfil criteria laid point iii commun guidelin met full implement restructur plan mention restructur plan implement condit laid point iv commun guidelin met conclus ant assess aid initi plan grant fulfil criteria commun guidelin regard compat common market note subsequ event period measur grant grant measur confirm conclus clear initi strategi aid grant fail futur compani highli uncertain reason commiss consid aid grant cwp incompat common market accord articl council regul ec neg decis case unlaw aid commiss decid member state concern measur contrari gener principl commun law present case aid measur includ notifi initi grant authoris valid commiss decis consid unlaw aid previou decis challeng prescrib time limit annul court instanc gener principl commun law principl legal certainti protect legitim expect preclud recoveri consist relev case law commun court conclud render ineffect review conduct commun legisl accord articl paragraph articl articl ec treati legal measur adopt commun institut extent distinct drawn aid measur notifi initi unlawfulli grant outset commiss take view germani order beneficiari repai aid includ interest period month date decis deem period month date decis germani submit document prove recoveri proceed initi beneficiari unlaw aid circular recoveri order adopt decis articl state aid germani implement chemisch werk piesteritz incompat common market aid consist measur measur waiver purchas price total eur measur waiver interest accumul purchas price end amount eur measur invest grant eur measur includ measur guarante loan bv eur aid element guarante calcul differ refer interest rate basi point interest rate guarante loan provid aid element loan differ refer interest rate basi point interest rate loan provid bv measur includ measur guarante loan bv eur aid element guarante calcul differ refer interest rate basi point interest rate guarante loan provid aid element loan differ refer interest rate basi point interest rate loan provid bv articl germani measur recov beneficiari aid refer articl unlawfulli made beneficiari loan measur includ measur loan measur includ measur discontinu month notif decis recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos beneficiari date recoveri interest calcul accord provis chapter commiss regul ec articl germani inform commiss month notif decis measur compli germani provid inform questionnair attach annex decis submit commiss document prove recoveri proceed initi beneficiari unlaw aid articl decis address feder republ germani brussel march commiss neeli kroe member commiss oj oj judgment court instanc march case société chimiqu prayon rupel sa commiss european commun ecr ii footnot cwp chang account method data correspond octob decemb inform injunct germani inform commiss cwp wholli own subsidiari keb kali elektrolys gmbh bitterfeld subsidiari set order oper potassium electrolysi unit function properli compani renam vopeliu bioprodukt gmbh subsequ sold vopeliu chemi ag http www bvt de part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk http europa eu int comm competit state aid refer rate html list bv follow negoti report conclud august waiver condit associ cwp contribut liquid relat capit increas eur million dem million reinigung von nassphosphorsäur durch flüssig flüssig extrakt dlm novemb betriebskostenabschätzung für ein extraktionsanlag zur extrakt von nassphosphorsäur dlm septemb annex letter juli footnot oj oj point tha scheme state privatis compani notifi commiss compani worker time privatis sg sg guarante rule land saxoni anhalt sg gener plan joint feder govern länder scheme improv region econom structur sg sg oj footnot point guidelin state quot commiss examin compat common market rescu restructur aid grant authoris basi guidelin forc time aid grant quot oj oj regul amend act access judgment court justic januari case kingdom spain commiss european commun ecr judgment court instanc august join case amp european ferri vizcaya sa diputación foral de vizcaya commiss european commun ecr ii join case cite recit oj