commiss decis octob state aid 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 commun inform aid restructur neue harzer werk gmbh hereinaft nhw base plan aid partli grant loan undertak time inform case regist nn letter date juli commiss inform germani initi procedur laid articl ec treati respect bundesanstalt für vereinigungsbedingt sonderaufgaben bv grant dm million nhw commiss enjoin germani provid document inform data order examin compat aid award nhw common market issu specif mention complet restructur plan allow proper assess complet updat tabl invest fund measur reduc personnel cost complet updat market analysi inform compani result subsequ year precis loan condit loan grant nord lb kreditanstalt für wiederaufbau confirm interest loan paid nhw necess particip eisenguss torgelow gmbh restructur period full inform capac utilis compani product line updat inform develop compani certifi profit loss statement personnel develop open articl ec treati investig publish offici journal european commun commiss invit interest parti submit comment aid comment interest parti receiv germani submit comment open procedur letter octob decemb februari june juli commiss evok open investig concern grant bv aim evalu termin investig grant concern note aid dm million state initi grant regim treat extens procedur confirm ii descript aid relev undertak aid beneficiari nhw locat saxoni anhalt germani assist region mean articl ec treati employe compani achiev turnov dem million make oper loss dem million nhw activ cast iron undertak produc element boiler piec iron boiler heat unit hous construct sector product line high alloi cylind liner diamet mm mm ship engin turnov achiev boiler product liner product background privatis undertak set quot berg und hüttenwerk ag werk zu rübeland und zorg quot order produc cast iron equip convert quot veb harzer werk quot assign quot kombinat skl madgeburg quot undertak own treuhandanstalt hereinaft tha convert quot skl harzer werk gmbh blankenburg quot contract march undertak privatis mr mr stöckmann dem renam quot harzer werk gmbh quot hereinaft hw line privatis contract state aid total dem million grant treuhandregim open transpar uncondit bid procedur effect share highest bid march bankruptci procedur open asset hw reason insolv collaps eastern block sale area inadequ manag high overhead expens restructur march march asset hw liquid brought shell compani incorpor receiv contract march legal entiti investor mr brunk renam quot neue harzer werk gmbh quot march addit partner ownership undertak organis tabl gt tabl gt june mr brunk nhw stake quot eisenguss torgelow gmbh quot undertak assess commiss aid nn juli particip question sold tku treureal kapit und unternehmensberatung gmbh juli investor withdrew manag nhw partner agreement bankruptci procedur nhw septemb insolv procedur nhw open septemb main ground insolv recess hous build industri high overhead cost creditor assembl opt mainten busi order receiv introduc quot insolvenzplanverfahren quot group creditor includ quot bundesanstalt für vereinigungsbedingt sonderaufgaben quot hereinaft bv quot landesförderinstitut quot hereinaft lfi approv quot insolvenzplan quot hereinaft insolv plan end insolv tribun confirm plan german bankruptci law articl insolvenzordnung submit commiss begin kei element insolv plan settlement agreement creditor waiv liabil total dem million tackl indebted undertak begin landgericht madgeburg cancel order insolv tribun ground misinterpret articl inso line judgement settlement adjust reduc waiver group includ bv lfi order match quota creditor group hear june updat plan endors group insolv tribun submit commiss juli pursuant latest inform quot asset gmbh quot sharehold nhw addit inform transact receiv restructur origin plan submit commiss restructur plan establish occas bankruptci hw stretch year profit anticip letter februari germani target met organis aspect plan restructur consist element adjust product mix product radiat liner diamet mm end undertak concentr manufactur heater boiler liner mm addition product liner car engin start reduct number employe averag averag improv low product undertak gt tabl gt commiss note undertak averag employe substitut outdat machineri equip invest dem million effect hereof boiler product liner product commiss note insolv plan invest dem million effect mid product capac assess basi maximum product hour year total workforc germani opt kind assess product nhw vari specif individu client inform effect capac utilis receiv overview maximum product hour annum gt tabl gt nhw oven heater product oven capac ton hour replac oven capac ton hour liner product oven capac ton hour replac oven capac ton hour germani state produc altern capac increas ii cost restructur plan cost restructur includ gt tabl gt restructur support public entiti investor laid tabl gt tabl gt total restructur cost dem million plan state entiti contribut dem million investor dem million insolv plan submit investig commiss receiv insolv plan note juli slightli updat version insolv plan endors creditor insolv tribun aim insolv plan continu busi nhw order prepar resal kei element insolv plan settlement agreement waiv liabil total dem million tackl indebted undertak product heater liner maintain compani give emphasi liner year turnov dem million anticip heater dem million liner year increas turnov envisag overhead cost adjust personnel cost cut back dem million annum reduc number employe nhw suppos achiev oper profit dem million product capac assess basi maximum product hour hour envisag market inform liner belong product market cast iron nace rev germani assert market liner stabl remain year liner big diesel engin sold caterpillar mak kiel heater product market cast iron likewis applic germani inform boiler product hous construct industri market shrink west germani german länder increas expect commiss told outlook good obligatori environment standard introduc adapt urgent boiler market concentr major compani buderu viessmann junker vaillant wolf main custom stiebel eltron rapido wärmetechnik august brötje klöckner ground open procedur open proceed commiss establish public measur no total dem million qualifi aid sens articl ec treati dem million judg aid intend restructur aid examin articl ec treati commun guidelin state aid restructur commiss reserv abil plan establish viabil nhw letter german author quot assert target reach viabil envisag plan met proportion aid commiss note open proceed unabl evalu investor contribut signific unabl evalu bank loan nordlb kfw grant market term unclear invest essenti restructur aid limit minimum compani stake quot eisenguss torgelow gmbh quot includ plan commiss question plan implement nhw worker envisag plan likewis commiss state inform provid order judg transfer hw investor involv aid iii comment germani commiss inform undertak file bankruptci juli germani underlin plan set convinc abil establish viabil nhw germani state creditor assembl opt mainten busi order receiv introduc quot insolvenzplanverfahren quot germani insolv plan judg modif plan satisfi viabil criterion iv assess open articl ec treati procedur germani request mean injunct provid commiss inform assess measur investig inform provid remain inadequ commiss base evalu inform aid beneficiari germani claim undertak qualifi sme mean commun recommend april hereinaft recommend mr brunk undertak march qualifi sme inform provid base inform case nn eisenguss torgelow gmbh question nhw adher independ criterion issu relev aid investig grant time undertak qualifi sme aid sens articl ec treati open proceed commiss express preliminari view measur no grant nhw qualifi aid evalu remain undisput germani comment measur financ state resourc provid specif advantag beneficiari affect trade member state beneficiari activ sector intra commun trade take place distort threaten distort competit open proceed commiss rais likewis question sale hw investor mr brunk involv aid element commiss note transfer effect receiv hw liquid public entiti sharehold hw privatis basi inform commiss opinion aid involv sale hw receiv investor compat exist aid aid no total dem million claim grant scheme endors commiss open commiss reserv aid compli term scheme basi purportedli grant aid dem million provid region scheme endors commiss invest project locat articl ec treati region maximum aid intens sme total gross insolv plan invest dem million carri total region aid includ aid dem million intens equal requir scheme adher basi inform aid judg exist review commiss consid proportion assess restructur guidelin aid dem million likewis provid scheme approv commiss requir maximum aid intens gross sme locat gdr met basi inform aid qualifi exist review commiss account proportion evalu aid purportedli grant scheme endors commiss aid dem million invok likewis grant scheme note aid no treat extens procedur aid previous state aid dem million regard aid aid gener incompat common market examin aid measur exempt basic interdict articl ec treati commiss assess exempt set articl ec treati appli exempt articl ec treati serv basi render aid compat common market aid measur social charact grant individu consum make good damag caus natur disast except occurr requir order compens econom disadvantag caus divis germani appli exempt articl ec treati refer project common european interest promot cultur conserv german author attempt justifi aid ground enumer exempt articl ec treati commiss account german länder belong assist region mean articl ec treati standard live abnorm low high unemploy rate evok accord point guidelin nation region aid hereinaft region guidelin individu ad hoc aid payment made singl undertak major impact competit market question effect region develop limit commiss think shown aid meet term region guidelin exempt question grant multisector aid scheme open region undertak sector concern germani show equilibrium result distort competit advantag aid term develop favour region guarante point region guidelin forese beneficiari contribut ensur product invest aid viabl sound present case requir satisfi aid measur restructur aid order establish viabil undertak difficulti commiss consid except foreseen articl ec treati aid facilit develop econom activ aid affect trade condit extent contrari common interest compat commiss evalu measur question condit laid commun guidelin state aid rescu restructur firm difficulti hereinaft guidelin version remain applic case unnotifi aid aid grant public version case aid grant plan elig open proceed commiss state nhw elig restructur aid guidelin ii viabil point guidelin plan establish long term viabil compani adequ time scale basi realist assumpt futur oper term plan origin plan viabil nhw achiev laid tabl gt tabl gt open proceed reserv express viabil criterion slight increas turnov year high personnel cost grow loss commiss believ sale overestim plan oper result continu neg dem million achiev viabil increas turnov envisag plan oper profit suppos dem million repres increas turnov intend achiev german build market german hous build sector high competit pressur german build activ undergo crisi end hous build sector product declin growth quantiti construct hous fall germani chiefli german länder number hous built declin year affect view increas turnov anticip plan optimist commiss view overhead cost ground insolv hw adequ tackl plan staff expens appear reduct staff effect mid anticip plan insuffici share personnel expens reduc contrari gt tabl gt share expens continu high restructur begin restructur incom employe increas dem annum dem annum significantli averag dem compar undertak market cut back worker anticip plan insuffici improv effici undertak likewis excess oper cost special high mainten cost tackl plan share cost amount begin restructur increas notwithstand lower turnov commiss opinion plan establish viabil nhw mention germani inform commiss open proceed break nhw achiev envisag plan commiss inform insolv procedur nhw confirm evalu commiss recit insolv plan germani argu insolv plan consid element restructur oper opinion plan insolv plan evalu viabil criterion opinion commiss insolv plan judg element restructur oper commiss note investor mr brunk withdrew undertak juli withdraw investor basi plan alter german länder case commiss accept restructur oper involv withdraw investor interpret justifi connect transform plan market economi german länder undergo unpredict market exogen undertak restructur appear insolv nhw link transform process extern compani gener manag respond inadequ belatedli stagnat hous build industri assess confirm insolv plan commiss note insolv procedur open septemb result bankruptci initi legal person nhw gmbh ceas exist accord german corpor law practic commiss accept restructur oper involv bankruptci undertak resal call quot auffanglösung quot line equal justifi transform plan market economi german länder undergo conclud recit insolv undertak gener error manag insid compani view commiss think withdraw investor open insolv procedur signifi break restructur process commiss opinion plan insolv plan evalu consist action restructur includ term term stretch march bankruptci nhw cover plan term bankruptci enclos insolv plan insolv plan includ current evalu order assess viabil restor state plan unabl restor viabil nhw iii proportion aid iii guidelin aid proport restructur cost benefit signific investor contribut aid beneficiari make signific contribut restructur plan open commiss question signific investor particip investig commiss restructur support public entiti investor mention state entiti contribut dem million basi inform establish investor contribut dem million supplementari inform provid term leas dem million procedur commiss gener unabl judg agre market term injunct pursuant articl council regul ec open proceed embrac leas accept investor contribut evalu qualif leas effect assumpt investor contribut signific contribut consid investor contribut gt tabl gt notwithstand inform injunct supplementari inform provid term loan kfw commiss unabl judg loan grant market term reason appli invest loan nordlb cash flow element accept investor contribut cash flow larg extent realis basi state intervent past addition time plan establish cash flow gener condit contribut qualifi investor contribut account proportion total cost restructur amount dem million state bodi contribut dem million investor dem million possibl dem million repres view circumst case investor contribut regard signific establish guidelin limit minimum pursuant guidelin invest support essenti restructur aid limit strict minimum open proceed commiss express reserv aid limit strict minimum undertak particip eisenguss torgelow gmbh restructur inform case nn mr brunk acquir particip contract april hereof directli nhw juli time nhw bankrupt particip tku treureal kapit und unternehmensberatung notwithstand inform injunct inform aim stake provid commiss unabl judg essenti restructur nhw commiss opinion aid limit strict minimum iv implement plan iv guidelin beneficiari complet implement restructur plan commiss open proceed question requir met nhw employe envisag plan commiss note undertak staff mean reduct staff envisag plan carri time cut back staff effect order address threaten insolv undertak implement plan commiss opinion plan implement nhw conclus bv grant dem million qualifi aid criteria establish guidelin met aid thought incompat common market commiss state germani unlawfulli implement aid question breach articl ec treati dem million grant bv interest recov germani accord applic nation legal provis aid no invok grant scheme commiss note treat extens procedur adopt decis articl state aid germani implement neue harzer werk gmbh amount eur dem million incompat common market articl germani measur recov beneficiari aid refer articl unlawfulli made beneficiari recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos beneficiari date recoveri interest calcul basi refer rate calcul grant equival region aid purpos articl term quot beneficiari quot compris nhw undertak asset transfer depriv paragraph effect articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel octob commiss mario monti member commiss sg oj bv regist claim dem million interest dem million part bankruptci estat saxoni anhalt landesförderinstitut hereinaft lfi put claim total dem million possibl quot insolvenzplanverfahren quot introduc insolv code earli hear creditor assembl opt liquid mainten busi requir administr set quot insolvenzplan quot line option chosen liquid restructur plan plan endors creditor organis group act major vote claim insolv tribun confirm plan line inso confirm tribun prevail reject group lfi land entiti charg programm konsolidierungsfond de land saxoni anhalt oj letter letter articl council regul ec lai detail rule articl ec treati oj oj year employe achiev turnov dem million independ criterion pursuant articl recommend likewis met quot gemeinschaftsaufgab förderung der regionalen wirtschaftsaufgab quot plan measur law qualifi region invest aid insolv plan investitionszulagengesetz version measur law qualifi region invest aid invest total dem million effect decemb intens amount richtlini zur förderung von konsolidierungsbeteiligungen im mittelstand saxoni anhalt konsolidierungsfond de land sachsen anhalt oj oj chapter restructur guidelin oj european construct industri associ quot construct activ europ quot insolv plan evert gmbh letter sg page insolv plan point articl gmbhg graf henneberg letter sg oj nn messacon gmbh letter sg schiffsanlagenbau barth gmbh letter sg nn eisenguss torgelow gmbh letter nn eisenguss torgelow gmbh letter