commiss decis octob state aid grant germani deckel maho seebach 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 februari germani notifi guarante loan award deckel maho seebach gmbh quot dm quot complet notif receiv februari notif contain inform measur award case regist unnotifi commiss germani set question april august germani repli june septemb meet discuss case place octob repres germani commiss decemb commiss germani reason outlin concern request germani respond march germani submit repli withdraw notif guarante loan septemb meet held discuss case inform submit novemb letter date commiss inform germani decid initi procedur laid articl ec treati respect aid time issu inform injunct pursuant articl council regul ec march germani react initi proceed inform injunct letter date juli commiss decis initi procedur publish offici journal european commun commiss call interest parti submit comment measur commiss receiv comment interest parti forward germani opportun react comment receiv letter date august detail descript aid beneficiari aid articl ec treati refer concept undertak defin beneficiari aid confirm court justic undertak purpos provis singl legal entiti encompass group compani kei criterion determin undertak mean provis quot econom unit quot involv econom unit compos legal person present case legal entiti beneficiari financi measur dm element relev undertak confin legal person dm set ownership dm dm base seebach thuringia establish june legal vehicl quot vermögensverwaltung side gmbh quot origin regist offic frankfurt main compani chang deckel maho seebach gmbh regist offic transfer seebach dm initi subsidiari deckel maho gmbh pfronten end belong gildemeist ag dm essenti econom asset compani liquid maho seebach gmbh ms ms subsidiari compani bankruptci deckel maho aktiengesellschaft dm ms bankruptci belong bankruptci estat parent compani acquisit econom asset ms dm occur control bankruptci administr dm independ auction compani valu good octob thüringer industriebeteiligungsgesellschaft gmbh amp kg tib stake amount dem million dm framework capit increas sharehold compani share decemb gildemeist ag acquir share dm direct subsidiari gildemeist ag integr dm gildemeist group creation dm belong gildemeist group gildemeist group compani ultim own gildemeist ag base bielefeld germani gildemeist group design manufactur export precis machin tool involv restructur process end context restructur group receiv state aid commiss decid decis novemb hereinaft decis emploi peopl turnov dem billion group compani report group consist gildemeist ag compani subsidiari gildemeist drehmaschinen gmbh bielefeld own gildemeist ag deckel maho gmbh pfronten own gildemeist ag deckel maho geretsri gmbh geretsri own gildemeist ag dm seebach own gildemeist ag dmg vertrieb und servic gmbh deckel maho gildemeist bielefeld own gildemeist ag amp stahl und maschinenbau gmbh würzburg own gildemeist ag addit distribut servic compani germani rest europ asia unit state compani provid quot technic servic quot dm fulli depend compani gildemeist group carri market distribut activ commiss inform enter contract parti gildemeist group act extend work bench deckel maho gmbh pfronten framework suppli perform contract germani dm good sold arm length measur plan implement part restructur gildemeist group reorganis deckel maho compani independ profit centr dm independ end inform contain group annual report show dm econom integr gildemeist group gildemeist group annual report describ group compos product facil dm dm product facil turn mill machin deckel maho geretsri gmbh gildemeist drehmaschinen gmbh report compani strictli manag profit centr order achiev maximum perform output compani fulli concentr core activ gildemeist reli integr uniform edp structur administr work interdisciplinari kei function handl centralis agenc includ control financ function personnel manag market dm suppli plant gildemeist group high qualiti product market price secur group machin sector group organis concept insourc specif quantiti show function independ profit centr dm integr gildemeist group profit loss dm directli transfer gildemeist ag accord agreement transfer profit light commiss conclud gildemeist group regard beneficiari aid view ownership structur econom integr dm gildemeist group dm consid autonom econom unit gildemeist group form singl econom unit dm consid isol due integr group beneficiari measur defin gildemeist group consist commiss decis econom situat aid recipi financi situat gildemeist group summaris tabl gt tabl gt gildemeist group felt effect deep crisi experienc machin tool industri gildemeist group record loss dem million loss amount dem million turnov dem million dem million group make loss pool bank includ gildemeist ag sharehold westdeutsch landesbank westlb waiv claim grant loan gildemeist group measur favour gildemeist group subject commiss decis restructur period decis relat germani confirm restructur end end plan commiss conclud gildemeist group regard compani difficulti end involv restructur onward group longer regard compani difficulti restructur success led restor viabil compani restructur group present decis restructur plan gildemeist group aim concentr activ product programm site compani make drastic staff cutback object achiev trim product combin product site singl lath product bielefeld restructur market closur product capac plant substanti reduct workforc plan provid stage stage consolid strategi lath product hanov site halt product plant close result product plant dem million turnov elimin market begin heavi machineri divis sold manag bui previou lead manufactur product result profit loss account gildemeist ag avoid outgo dem million remain lath activ gildemeist group transfer newli establish firm gildemeist drehmaschinen gmbh time product capac personnel substanti reduc novemb gildemeist ag sold share compani witzig amp frank turmat gmbh wft gmbh sale achiev revenu dem million financ restructur addit abovement measur gildemeist establish distribut firm deckel gildemeist vertrieb gmbh friedrich deckel ag stage restructur programm compris implement measur optimis manufactur process firm switch modern process orient type team organis renew product rang product organis quot profit centr assembl quot relev product group made effici slim brought closer market cost reduct achiev optimis procur logist stage restructur process compris reorganis data process system measur relat logist sale unneed asset restructur gildemeist group compris reorganis deckel maho subgroup dm organis independ profit centr product area separ account restructur gildemeist group involv substanti reduct group product capac surfac area requir lath reduc reduct consolid measur accompani substanti cutback workforc total employ lath product reduc compar reduct capac product lath amount restructur gildemeist group complet end plan descript state measur aid ms quot measur quot time initi proceed commiss inform natur level sourc cash inject receiv ms repli initi proceed inform injunct germani explain cash inject made parent compani ms deckel maho ag form capit increas germani confirm ms receiv state aid addit invest aid cover approv aid scheme aid dm relev measur tib thüringer aufbaubank tab state bodi categori measur measur gildemeist group undergo restructur quot restructur measur quot quot quot measur plan germani replac extens quot restructur measur quot note measur consist extens loan grant tab assess commiss aid decis relev measur tabl gt tabl gt shown tabl tab grant loan amount dem million year germani grant market condit extens base market condit germani dm paid tab interest amount dem million time extens transact process fee market term impos dm tib measur concern germani wrote reason applic dm tib hold dm liquid shortag due greater work capit requir build activ take hold dm tib ask consult report viabil compani prospect attach hold pme projekt manag eschbach gmbh pme produc report june report dm face difficulti due creation lack econom autonomi pme note essenti function enabl compani independ miss condit good econom return hold set suffici independ undertak pme sharehold dm commit transform dm independ profit center guarante decid essenti aspect compani product develop condit hold parti compani deem fulfil germani condit fulfil end measur undertaken transform dm independ undertak addit hold dm tib acquir sleep partnership dm amount dem million interest rate annum tib particip profit compani long dem tabl gt tabl gt germani loan grant market condit partner consortium conclud secur pool contract order secur loan mortgag amount serv secur increas dem million dem million measur intend replac tab loan amount dem million total amount tab loan replac condit measur replac suppos lead decreas averag interest rate tab loan grant germani dm gildemeist ag accept high interest rate financ possibl applic measur withdrawn juli addit measur dem million grant dm form invest grant invest allow basi approv aid scheme relev market relev product market develop product mill drill machineri relev geograph market worldwid extend member state machineri equip sector contend sharper cyclic fluctuat branch industri due high degre depend invest activ enterpris react sensit develop economi vigor invest boom mark fall invest demand machineri sharpli recess mechan engin end hit industri heavili order surviv industri undergon rationalis order reduc cost autom onward market condit improv invest activ recov europ begin onward demand stabilis member state rest western europ result total order machineri equip rose half propens invest consum fell surprisingli sharpli member state order commun began declin time growth demand machineri countri slow appreci process rationalis pursu end manufactur machineri equip increasingli autom solut germani state market dm oper characteris grow price war part market underw mild recess ground initi proceed request inform germani fail submit satisfactori inform enabl commiss decid natur financi measur support dm point remain open ident financi condit beneficiari measur grant ms dm appear commiss dm entir relev undertak case relationship previous found legal person ms relationship part gildemeist group full extent relev undertak unclear unclear extent data perform dm account evid state relev undertak dm inform limit select commiss doubt compat measur common market inform measur grant ms dm incomplet purpos term measur clear measur grant commiss conclud point assess measur difficult inadequ inform submit germani item inform submit germani led commiss beneficiari measur difficulti relev time aid involv commiss decid initi proceed measur inform injunct germani comment interest parti commiss receiv letter gildemeist ag august comment initi proceed dm parent compani refer comment germani wish recal fact dm econom situat measur support dm gildemeist ag wrote compani legal independ ms deckel maho ag gildemeist ag believ notifi aid grant dm gildemeist ag point dm made loss start activ year show profit turnov profit gildemeist ag dm benefit measur compani gildemeist group compani group organis independ profit centr independ account cross subsidis benefit gildemeist ag exclud gildemeist ag stress fact tib acquir hold dm check profit invest tab loan grant market condit compani consid difficulti measur constitut aid comment germani comment juli initi proceed germani insist dm regard newli creat compani gave detail creation develop dm legal link ms deckel maho pfronten gmbh gildemeist ag provid data dm econom situat conclud dm compani difficulti commiss request germani provid explan measur support ms dm germani measur tab tib support dm constitut state aid grant market condit compani difficulti germani gave detail interest paid dm tab tib germani recal time creation dm gildemeist ag restructur commiss decid time restructur aid gildemeist compat common market germani confirm restructur end end plan germani emphasis spillov effect financi measur support dm compani gildemeist group exclud germani public measur support dm benefit dm applic undertak thuringia thuringia author measur ensur purpos measur compli dm gradual gain independ transact dm compani gildemeist group carri market condit compani gildemeist group organis independ profit centr final germani wrote success dm made strong commit gildemeist group end gildemeist group invest dem million dm particip significantli develop busi plan develop product assess aid measur aid scope articl treati articl ec treati stipul quot aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market quot quot aid grant state resourc quot measur consist cash inject made gildemeist ag ms measur deriv state resourc aid mean articl ec treati measur measur grant tab tib state own measur grant consortium bank tab landesbank hessen thüringen landesbank public financi institut deutsch genossenschaftsbank dg bank stock corpor time share trade quot stock exchang dg bank share capit directli indirectli hand cooper undertak hold compani loan grant dg bank deem deriv state resourc measur grant consortium dem million dem million deriv state resourc applic measur withdrawn longer subject decis quot distort threaten distort competit favour undertak quot quot affect trade member state quot beneficiari aid defin gildemeist group group appear modular construct part function stand econom unit order decid measur grant tib tab landesbank favour beneficiari mean articl examin econom situat beneficiari time grant commiss note tib tab landesbank state bodi act privat investor kei issu decid act undertak receiv measur difficulti difficulti measur deem aid recipi difficulti measur aid extent deviat market condit gildemeist group undergo restructur made loss achiev profit group regard difficulti long restructur financ partli state aid complet end group regard longer difficulti trade member state concern trade affect gildemeist group activ market extend border measur measur extens loan origin grant origin loan amount dem million interest rate secur land product equip compani due paid back march decis initi proceed state aid gildemeist ag decis commiss view origin loan aid line privat investor behaviour germani assert extens origin loan grant addit loan measur line privat investor behaviour loan extend measur held commiss decis aid extens term loan constitut addit econom benefit origin loan addit benefit provid state bodi commerci return extens constitut aid origin loan aid similar consider appli grant addit loan measur amount dem million extend annual reason state germani explain origin loan extend addit loan grant germani mention loan grant financ invest financ work capit financ creation distribut structur long term loan extens addit financi resourc grant beneficiari term loan interest rate remain similar interest rate measur grant dm time beneficiari difficulti embark restructur term loan correspond market condit appli healthi compani commiss note accord commiss notic method set refer discount rate exclud presenc aid refer rate increas case compani difficulti tabl gt tabl gt tabl show interest rate loan refer rate healthi compani commiss conclud market economi investor provid financi support market condit compani difficulti view econom situat beneficiari conclud measur grant line market investor behaviour favour beneficiari constitut aid mean articl ec treati measur measur grant tib tib acquir hold dm grant beneficiari cash contribut dem million loan dem million june relev undertak difficulti decis august approv programm tib activ commiss conclud hold compani difficulti constitut state aid mean articl ec treati aid consid compat common market condit fulfil case dm germani fail fulfil oblig provid prior notif hold larg compani aid measur compat common market assess ad hoc germani submit report drawn pme intend examin profit hold dm germani report show dm compani difficulti mean commun guidelin state aid rescu restructur firm difficulti guidelin tib behav privat investor aim obtain profit commiss note report pme look dm parent compani deckel maho pfronten detail situat gildemeist group highlight difficulti face dm pme stress fact dm independ autonom undertak problem lack independ vulner caus difficulti face group compani difficulti ad intrins difficulti face dm conclud acquir hold dm sound econom decis guarante dm decid develop conclus report reinforc commiss analysi dm isol gildemeist group regard difficulti time tib acquir hold capit measur measur grant time beneficiari difficulti term loan line market condit interest rate refer rate loan deem suffici secur land equip compani commiss conclud beneficiari deriv advantag measur constitut state aid mean articl ec treati measur grant condit similar condit interest rate remain refer rate beneficiari longer compani difficulti conclud public bank consortium act privat investor measur aid mean articl ec treati derog articl ec treati aid fall assess ad hoc aid commiss articl ec treati provid except gener ban aid laid articl exempt 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 exempt provid articl ec treati primari object aid region concern restor long term viabil undertak difficulti exempt articl ec treati appli articl authoris state aid grant promot develop econom sector aid advers affect trade condit extent contrari common interest assess rescu restructur aid commiss issu special guidelin examin commiss consid commun guidelin research develop environ small medium size enterpris employ train appli accord point commun guidelin state aid rescu restructur firm difficulti guidelin commiss examin compat common market rescu restructur aid grant authoris quot basi guidelin aid grant public offici journal european commun basi guidelin forc time aid grant case quot inform aid grant public guidelin guidelin appli aid dm grant context restructur gildemeist group plan submit germani restor viabil grant restructur aid requir feasibl coher reach restructur plan capabl restor long term viabil firm reason time span basi realist assumpt restructur aid grant commiss conclud decis plan capabl restor long term viabil group restructur base intern extern measur point inform receiv annual report submit germani confirm full success implement restructur plan financi measur provid plan confirm actual result achiev restructur successfulli complet end gildemeist group make profit avoid undu distort competit restructur measur offset advers effect competitor aid involv contrari common interest elig exempt pursuant articl ec treati undertak oper commun market object assess demand suppli show structur excess product capac restructur plan make signific contribut proportion amount aid receiv restructur industri serv relev market irrevers reduc close capac machin tool industri recess nineti characteris slight capac restructur gildemeist group involv substanti reduct group product capac commiss conclud decis aid measur support gildemeist group result undu distort competit decis concern restructur gildemeist group includ dm capac reduct assess decis concern reduct capac group conclud find decis alter addit aid measur view import capac reduct result restructur aid limit minimum amount aid limit strict minimum requir enabl restructur undertaken light exist financi resourc compani sharehold addit beneficiari make substanti contribut restructur cost resourc extern financ market condit aid grant avoid provid compani surplu cash aggress market distort activ link restructur process decis commiss identifi measur aid guarante grant land north rhine westphalia loan dem million deem fall previous approv scheme financ land bavaria percentag point interest rate reduct interest rate dem million subordin year loan grant bayerisch landesanstalt für aufbaufinanzierung quot lfa quot guarante provid lfa tib westlb respect placement guarante gildemeist ag octob dem million capit increas addit measur measur identifi aid proceed extens exist loan grant addit loan tab amount dem million measur cash contribut dormant equiti hold tib amount dem million measur decis conclud restructur financ essenti financi resourc rais group aid receiv limit minimum need financi resourc rais gildemeist group decis identifi privat investor contribut amount dem million ad addit aid measur amount dem million aid measur assess decis total aid amount dem million addit measur chang assess made decis privat contribut restructur estim total financ full implement restructur plan compani receipt restructur aid fulli implement plan submit approv commiss germani submit annual report commiss confirm restructur successfulli complet end conclus commiss find germani unlawfulli implement aid question breach articl treati view forego commiss conclud aid compli guidelin compat common market adopt decis articl loan amount dem million refer measur germani grant deckel maho seebach gmbh dm constitut aid mean articl ec treati loan amount dem million refer measur germani intend grant dm constitut aid mean articl aid consist measur amount dem million germani grant dm compat common market pursuant articl extens refer measur loan dem million grant thüringer aufbaubank dm august cover oper cost extens refer measur loan dem million grant thüringer aufbaubank dm novemb financ purchas price loan dem million refer measur grant thüringer aufbaubank dm june financ work capit loan dem million refer measur grant thüringer aufbaubank dm august financ work capit loan dem million refer measur grant thüringer aufbaubank dm novemb financ work capit cash contribut dem million refer measur made thüringer industriebeteiligungsgesellschaft dm june loan dem million partiarisch darlehen refer measur grant thüringer industriebeteiligungsgesellschaft dm june articl decis address feder republ germani brussel octob commiss mario monti member commiss oj oj footnot case intermil commiss ecr oj tab tib activ examin commiss case number tab nn tib gemeinschaftsaufgab quot verbesserung der regionalen wirtschaftsstruktur quot joint feder govern länder programm improv econom structur sonderprogramm quot aufschwung ost quot special programm econom recoveri eastern germani thüringen förderprogramm für forschung thuringia research aid programm oj oj oj oj aid element estim dem detail refer decis