commiss decis octob state aid verlipack belgium notifi document number french dutch 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 regard comment procedur complaint receiv aid grant walloon region verlipack compat rule state aid commiss regist case novemb notifi aid septemb commiss decid basi inform formal transmit belgium rais object measur walloon region examin measur articl seq ec treati articl eea agreement decis found measur compat guidelin govern capit inject hereinaft refer quot guidelin quot walloon region contribut consist action investor oper normal market economi condit fact privat investor hey gla group hereinaft refer quot hey quot acquir major stake time prospect futur profit viabil verlipack group press complain verlipack product plant incur fresh loss complain privat capit inject hold verlipack april appar origin fund provid walloon region sriw form loan letter decemb januari commiss request inform belgian author verlipack histori alleg grant loan hey letter februari receiv march belgium suppli detail request basi commiss oblig open assess packag measur grant walloon region verlipack commiss decid initi procedur respect aid grant verlipack pursuant articl council regul ec march lai detail rule applic articl ec treati letter juli commiss inform belgium decis open procedur provid articl ec treati respect aid question commiss decis open procedur publish offici journal european commun commiss invit interest parti submit comment aid question commiss receiv comment aid interest parti forward belgian author letter decemb observ author respond letter decemb regist receiv januari ii descript measur ii recipi wound januari sa verlipack largest belgian produc hollow contain glass share belgian market eu market emploi peopl factori ghlin jumet mol walloon plant ghlin jumet develop area cover region aid scheme provid belgian law decemb limit compani verlipack ghlin verlipack jumet verlipack mol set société national pour la restructur du secteur du verr creux hold stake approv commiss walloon region acquir accord special law januari vote share ghlin jumet plant share mol plant transfer flemish region number capit increas privat sharehold imcopack walloni imcopack vlaanderen own beaulieu group public sharehold gradual reduc final decemb walloon region transfer hold walloon plant valu bef beaulieu group verlipack walloon plant temporarili compani public sharehold septemb german industri group hey gla conclud technic assist agreement verlipack agreement subsequ extend cover manag financi assist april date hey acquir stake hold verlipack set januari beaulieu group bef million give capit increas hold total bef billion larger stake beaulieu group april hold verlipack ii set sharehold hold verlipack walloon region inject bef million capit total bef arriv hey world leader contain glass technolog financi commit strateg plan provid major invest programm trend buoyant market walloon region reli prospect long term profit viabil verlipack loss incur verlipack due overcapac market question counter favour prospect identifi agreement technic financi assist manag assist conclud hey januari closur mol plant flander applic composit jumet ghlin plant wallonia announc januari commerci court turnhout declar verlipack mol flander bankrupt januari commerci court mon declar compani glassmak verlipack group bankrupt plant ghlin jumet verlipack belgium verlipack engin verlimo imcourleas ii aid ii measur cover commiss decis septemb hold verlipack ii set sharehold hold verlipack capit bef billion held equal proport beaulieu group german group hey hold extra share walloon region inject bef million convers equiti loan bef million stake rose bef million capit hold verlipack ii ii measur cover commiss decis septemb detail belgian author februari show walloon region extra measur hey acquir hold verlipack decis januari march sriw manag board loan bef million grant hey quot amount cash inject hey hold amount inject hold subsequ verlipack oper compani quot loan question consist debentur loan bef million grant march year fix rate risk premium financ recapitalis ghlin jumet plant invest oper plant verlipack group includ mol plant flander condit loan write claus stipul quot date payment tranch loan due hold oper compani sa verlipack jumet sa verlipack ghlin sa verlipack mol declar bankrupt amount ow compani due date inclus longer repaid sriw undertak circumst write loan provid compani regularli honour due date princip interest claus appli bankruptci due deliber polici decis major sharehold hey result reloc product countri quot loan grant march ten year quot month bibor rate forc work dai half year due compani time sixth year decid opt fix interest rate annum remain period loan quot financi alloc claus loan agreement quot full amount financ oper annex agreement quot claus quot result cash increas capit sa verlipack ghlin bef million sa verlipack jumet bef million invest oper compani group accord invest plan quot collect claus loan agreement enabl sriw demand repay loan event inter alia quot signific inaccuraci inform provid failur partial compani satisfi legal contractu oblig relat loan failur implement juli latest alloc claus financ oper invest plan carri decemb latest voluntari liquid sa verlipack jumet sa verlipack ghlin sa verlipack mol quot lastli walloon region grant beaulieu group payment facil repurchas stock share verlipack group decemb agreement payment quot instal quot interest charg amount due date provid mention agreement ii reason commiss initi procedur commun belgium februari confirm loan bef million grant walloon author hey financ stake verlipack commiss express doubt walloon region inject bef million verlipack compli principl privat investor oper normal market economi condit commiss inform assess public author hold guidelin revok decis articl regul ec capit inject walloon author longer concomit inject privat investor public resourc privat investor act walloon region acquir stake bef million hand lent bef million hey financ major acquisit verlipack take loan account walloon author contribut total bef million verlipack alloc loan bef million agreement decis sriw manag board januari stipul loan increas capit ghlin jumet plant invest accord stage invest plan commiss view decis recipi aid loan verlipack commiss consid term loan grant privat investor oper market economi condit hand involv debentur loan debt write claus event bankruptci loan repaid fourth year march commiss conclud measur belgian author regard rescu aid satisfi condit provid restructur plan realist forecast futur oper condit market trend commiss conclud aid verlipack approv commun guidelin state aid rescu restructur firm difficulti basi inform commiss aid verlipack regard aid facilit develop econom activ econom area trade member state market contain glass verlipack oper subject fairli strong competit addit statement made manag verlipack wind result fall price due overcapac glass product european market lastli commiss note aid grant belgium liabl alter condit trade extent contrari common interest commiss express doubt benefit beaulieu payment facil grant acquir prefer share vote right profit share bef wind verlipack beaulieu fact make payment walloon region iii comment interest parti invit submit comment articl ec treati commiss receiv comment complain privat investor interest parti hope light shed matter forward document februari sign robert collignon minist presid walloon govern quot set hold compani beaulieu group verlipack hey gla walloon region basi budgetari alloc bef million decis walloon govern decemb quot document walloon plant incur loss august estim bef million end due continu slump european market led slump sell price poor qualiti product made verlipack year ow malfunct furnac inadequ manag loss import market ow abovement qualiti problem loss confid compani current sharehold wish disinvest sector clear document contribut bef billion consider invest major sharehold beaulieu fail achiev adequ qualiti product whilst agreement conclud septemb beaulieu hey enabl spectacular recoveri qualiti glass produc product walloon plant loss remain high comment commiss inform loan bef million determin compat loan common market interest parti express continu concern aid possibl grant verlipack concern acquisit ghlin plant mr dominiqu balcaen allow plant remain oper interest parti furnac ghlin replac year enabl product continu medium term cost replac requir invest bef million bef million complain question abil owner financ invest state aid commiss attent drawn fact contain glass industri continu face problem overcapac characteris strong competit consider amount trade member state fresh aid verlipack harm firm contain glass sector final view histori state aid verlipack obviou attempt walloon author camouflag state aid grant loan parti commiss requir inform govern recipi aid behaviour toler privat investor hey state place procedur inform commiss decis septemb notic publish offici journal european commun octob access origin text decis hey point loan bef million grant march walloon region quot transfer full verlipack jumet sa verlipack ghlin sa oper plant jumet ghlin accord term loan agreement fund transfer oper subsidiari success capit increas verlipack hold verlipack hold ii eventu allot capit increas oper subsidiari quot hey state inform region earli march loan agreement conclud concern propos measur constitut state aid notifi commiss summaris attitud walloon author quot maintain state aid present instanc case accustom notifi state aid plan commiss quot walloon author view interest rate charg loan event year amount concern possibl constitut state aid view measur similar privat investor derog common law state aid control applic view geograph locat verlipack plant hey reason doubt statement made repres public undertak oblig inquir exact content notif requir recipi fortiori parti investor state plai limit part draft notif commiss provid inform request walloon author quot moment notif take place recipi legitim expect complet accur carri public author bound oblig reason cooper commun institut articl ec treati quot consid recipi firm reproach fact walloon author fail reveal exist loan notif result decis septemb substanc commiss decis septemb object capit inject walloon author note statement quot hey acquir share capit verlipack commit fund quot reflect true situat loan grant hey agre hold ii invest bef billion verlipack plant accord phase plan valid copi attach comment fund earmark invest significantli higher bef million lent sriw addit capit contribut bef million lent walloon author hey began implement plan invest bef million march bef million june proof payment made resourc loan grant market term banker attach comment investor contribut total bef million capit increas verlipack hey walloon author fact alloc fund loan bef million capit contribut bef million hey consid fulfil commit invest verlipack accord phase plan hand transfer furnac locat germani annual output tonn site wallonia demonstr viabil restructur plan drawn time plan reason chanc succeed lead recoveri verlipack difficulti verlipack encount led bankruptci member group januari allegedli stem extern circumst specif rapid fall price contain glass hey forecast trend price gener opinion industri reach lowest point year hey confidenti figur support price anticip lastli hey undertak carri invest plan total bef billion walloon site consid quot measur walloon author behalf verlipack group privat investor compar size bodi administ public sector quot hey emphasis differ hand firm transfer fund present case firm benefit transfer recipi mean commun rule state aid hey incur heavi loss verlipack oper commiss decis requir belgium recov aid decis regard hey articl regul ec hey attach comment quot statement event quot lodg mon commerci court januari form annex applic composit iv comment belgium iv comment initi procedur comment belgian author date septemb refer circumst intervent sriw grant loan notifi commiss investig lead decis septemb commiss quot context negoti beaulieu group walloon region hey group appli sriw financ capit invest verlipack quot time sriw remind hey role quot contribut financ industri commerci activ alloc subsidi role plai walloon region mechan dispos quot belgian author list credibl factor includ financ grant privat sharehold banker sign assist agreement reput profession compet hey restructur plan verlipack favour prospect made clear sriw walloon region shown suffici caution take decis whilst bankruptci belgium unfortun unpredict consequ deterior occur public privat sector inject verlipack factor point conclus belgian public privat sector partner trust hey made error judgement time fail act accord principl guid privat investor oper normal market economi condit belgian author refer connect abovement letter sriw hey state quot longer high risk compani quot verlipack quot regard exagger hey cover risk hey small quot belgian author wonder quot hey reckless regard partner belong glass industri present industri commerci financi project optimist incorrect quot public author beaulieu bank belgium misl partner quot blame assess case quot belgian author conclud comment sriw decis financ hey state public author behav privat investor examin case view inform provid hey appear complet credibl futur verlipack belgian author fact bankruptci occur month march sriw walloon region act privat investor term loan debentur loan notifi commiss inquiri result decis septemb belgian author comment refer rate applic belgium half interest rate year debentur loan bef million grant sriw hey march risk premium rate year loan grant march year grace period equival month bibor rate forc work dai half year due correspond rate period march septemb period octob septemb belgian author point studi carri commiss kpmg quot method set refer rate applic aid scheme busi union quot high refer rate correspond time market rate forc studi commiss amend method fix refer rate letter august member state note quot rate public loan durat year lower emi rate aid element quot refer rate applic august term loan belgium conclud state aid element bankruptci verlipack oper compani relev return recoveri debtor solvent loan subject legal recoveri proceed lièg commerci court debt write claus accompani debentur loan march belgium refer oblig hey repai full capit interest penalti failur compli fund alloc claus belgian author write condit articl debentur loan agreement alloc claus quot full amount intend financ oper annex agreement quot quot intend result cash increas capit verlipack ghlin bef million cash increas sa verlipack jumet bef million invest oper compani group accord invest plan quot belgium refer fact abovement agreement validli termin event entail collect loan occur bankruptci verlipack hold ii comment belgium write claus applic ow fact quot verlipack hold bankrupt present time quot question debt write claus constitut aid belgian author point cover bef million obtain hey sriw involv quot small risk quot explain risk premium acknowledg rate fix maximum lastli loan grant sriw hey belgian author state quot ground conclud hey view result solvenc financ capit inject verlipack recours financi institut sriw similar financi term except return debentur loan quot plan invest carri decemb annex comment belgian author total bef million invest mol jumet ghlin accord undertak hey invest bef billion plant comment invest jumet ghlin total bef million exclud invest bef million mol plant flander includ total invest undertak bank financ invest belgian author refer letter august april februari state amount ow bank verlipack group septemb total bef million letter refer belgian author possess commiss crédit lyonnai belgium verlico novemb kredietbank verlico august novemb financi support verlico beaulieu group bef billion confirm april belgian author turn conclus reach commiss basi inform possess decis assess bef million regard aid restructur verlipack time state condit guidelin satisfi base view realist detail restructur plan busi plan period place verlipack stabl foot involv structur reorganis industri strategi synergi group improv qualiti invest programm bef billion belgian author drew attent fact verlipack walloon site locat assist area articl commiss preliminari assess measur cover decis septemb belgium argu commiss quot appli individu form intervent quot loan grant sriw hey quot criteria assess respect complianc measur constitut aid aid compat commun rule quot quot view fact recipi loan sound compani firm undergo restructur quot belgian author state view capit inject walloon region repres risk sharehold invest link result compani stake verlipack hold ii sriw part grant loan hey risk solvenc debtor hey cityfly judgment april refer belgian author import differ sum provid form contribut share capit transfer perman basi sum provid loan repay made temporarili belgian author hey repai amount borrow lost entir stake verlipack loan enabl acquir belgian author hey question invest verlipack regard risk small period difficulti maintain support verlipack capit inject bef million march capit increas bef bef million june capit increas bef notaris act capit inject attach commun belgium act june hey sa worldwid investor luxembourg underwrot capit verlipack hold ii tune bef million commiss doubt behaviour walloon region privat investor act normal market economi condit acquir share capit verlipack grant loan hey financ capit contribut belgium conclud quot privat investor invest capit verlipack grant loan firm hey globalis risk concern separ debtor quot solvent bankrupt belgium challeng commiss view actual recipi aid loan grant sriw verlipack consid alloc claus debentur loan agreement concern capit contribut debtor capit invest state quot hey interest borrow capit invest verlipack interest sriw obtain financi return compani invest walloon region quot belgian author state hey decis restructur verlipack appli obtain loan sriw financ capit contribut lastli quot theori verlipack actual beneficiari loan fact repai aid sriw mean claim repay verlipack debtor hey quot transfer stake held walloon region beaulieu belgian author estim nomin subscript share vote right profit share held walloon region verlipack ghlin verlipack jumet bef transfer contract decemb sowagep held prefer share vote right categori profit share ghlin prefer share vote right categori profit share jumet beaulieu group sa ter lembeek intern purchas ghlin share bef jumet share bef total bef contract show amount payabl decemb net net interest view result april turnov reach bef billion loss bef million cash drain bef million cashflow verlipack group show deficit bef million overdu unpaid imposs reduc short term order resolv situat hey beaulieu repres walloon region number bank met order examin method relaunch verlipack restructur plan relaunch agreement conclud june agreement bank waiv debt bef million agre fresh line credit bef million hey contribut bef million cash time capit increas june walloon region convert equiti loan bef million sowagep undertook find investor cash contribut bef million investor worldwid intern final found beaulieu particip capit increas verlipack hold ii june lastli beaulieu agre waiv repay bef million capit interest return fortun januari financi impact addit measur hey verlipack estim bef million total capitalis verlipack hold ii increas june amount bef share walloon region held hey worldwid investor hold verlipack beaulieu hey sowagep fail produc sharehold place worldwid investor amend novemb transfer contract decemb beaulieu sowagep agre payment price share total bef form payment transfer capit share verlipack hold ii issu exchang contribut worldwid investor decemb acquir share held worldwid investor ter lembeek intern beaulieu group sold share verlipack hold ii walloon region settlement debt bef belgium claim quot sowagep repaid capit increas beaulieu undertaken quot differ bef compar balanc debt ow ter lembeek intern explain hand return contribut ter lembeek agre make fact transfer lieu payment decemb advanc due date repay capit interest decemb lastli belgian author consid fresh contribut made walloon region verlipack decemb practic constitut capit increas verlipack bef million share financ beaulieu repay debt walloon region fresh contribut region place month measur context recoveri plan verlipack privat sector partner made signific contribut develop verlipack capit arriv hey tabl gt tabl gt iv observ comment interest parti decemb belgium respond comment interest parti public commiss letter juli offici journal european commun belgium comment relat walloon region hey consid capit contribut walloon region verlipack direct cooper repres hey quot hey time involv european commiss procedur quot hand hey appar quot particip activ manag board quot verlipack part hey group clear annex comment correspond case walloon region lawyer verlipack belgium belgian author surpris connect hey quot inform subsidiari progress commiss procedur awar favour commiss decis septemb quot belgium failur notifi public measur hey ignor fact constitut state aid notifi commiss belgian author justifi behaviour consist privat investor principl sriw loan author consid quot term grant conform market condit quot belgian author consid commun april respond commiss request inform quot regard prior notif plan grant aid quot hey quot invok protect legitim expect aid law public measur question grant accord procedur articl treati possibl commiss decid measur constitut state aid incompat common market quot hand belgium agre hey measur walloon author consist behaviour privat investor statement hey benefit public fund lent sriw belgian author refer argument actual recipi aid element contain loan consid quot argument hey order avoid repai aid quot regard comment interest parti concern continu activ ghlin acquisit plant belgian author claim quot walloon region plan grant assist compani oper verlipack ghlin plant appli procedur rule articl treati accord council regul ec march lai detail rule applic articl ec treati quot lastli belgian author consid quot commiss simpli ignor document anonym person hand identifi author treat interest parti procedur hand ethic standpoint fact document anonym entail reject quot commiss draw attent belgian author connect articl regul ec state quot interest parti request ground potenti damag ident withheld member state concern quot asses aid capit inject walloon region april verlipack loan grant sriw march hey financ capit contribut verlipack stem public resourc articl ec treati articl eea agreement aid grant state state resourc form whatsoev distort threaten distort competit favour undertak affect trade member state incompat common market guidelin public author hold presumpt state aid author intervent take form acquisit hold combin type intervent notifi pursuant articl ec treati assum loan grant sriw hey financ stake verlipack constitut aid capit inject walloon region verlipack notifi commiss regret belgium notifi loan total bef million commiss enabl assess measur accord articl ec treati fail notifi measur belgian author fail fulfil oblig treati addit lack decis import inform prevent commiss appli rule state aid correctli effici result revok decis septemb compat privat investor principl guidelin public author hold state aid inject fresh capit firm carri circumst accept privat investor oper normal market economi condit conclus drawn commiss decis septemb basi inform offici transmit belgian author assess concurr minor hold verlipack amount bef million inform acquir commiss decis hey provid risk capit fund stem state resourc hand aid grant state correspond action privat investor favour recipi firm affect trade member state distort threaten distort competit articl treati guidelin case inject capit compani capit divid privat public sharehold make public hold reach significantli higher level origin rel disengag privat sharehold larg due compani poor profit outlook aid involv financi posit compani structur volum debt normal return capit invest expect reason time ghlin jumet plant experienc signific oper loss sharp drop turnov compar preced year commiss note measur walloon region april accompani contribut bank reli busi plan extens invest programm drawn hey time intervent walloon region expect eventu return verlipack commiss surpris belgium wonder hey misl partner includ walloon region quot belong glass sector quot commiss note walloon region sharehold verlipack walloon product plant held capit fulli awar result achiev verlipack continu weak european market walloon region awar privat risk capit provid walloon public servic bodi commiss note rel disengag part hey time acquisit hold ii april belgian author hey instig borrow sum letter novemb sriw ask hey quot cover risk hey minor quot view hey credibl commiss believ sole reason group call public financi institut financ entri verlipack offset risk maximum term loan agreement conclud sriw commiss doubt hey previou relationship verlipack limit technic assist fact financi hold compani public resourc cover capit contribut commiss note respect verlipack financi posit prior hey arriv viabil conclud capit contribut bef million benefit verlipack whilst loan grant hey financ acquisit stake verlipack alloc claus agreement specif stipul hey agre recapitalis ghlin jumet plant ii financ invest verlipack plant includ mol plant flander commiss note hey unabl fund purpos transfer immedi hold ii verlipack plant benefit public fund recipi aid repaid necessarili firm public author grant fund directli firm benefit aid upheld case law court justic distinguish hand firm act conduit fund firm deriv advantag aid qualifi recipi commun rule monitor state aid view alloc claus aim financ recapitalis verlipack fund lent hey commiss consid fund transit hey hold ii verlipack verlipack regard recipi loan benefit argument mean commiss appli abovement case law hold ii view forego commiss consid lender hand acquir sharehold bef million lent risk capit bef million cover risk event verlipack profit outlook prove unfavour indent paragraph guidelin inject fresh capit firm accept privat investor quot recipi compani develop potenti reflect innov capac invest kind oper regard invest involv special risk pai ultim quot invest plan provid instal furnac machin cold end equip measur protect environ total cost bef billion plant wallonia carri june invest plan furnac replac exist belgian author provid evid invest produc innov capac addit rationalis improv control process product abovement derog guidelin applic present case commiss conclud belgium provid verlipack fresh capit grant loan act privat sector investor oper normal market economi condit loan grant sriw debentur loan bef million write claus event verlipack wound hey run risk respect amount account half capit inject verlipack commiss agre belgian author hey obtain quot equival term quot market acknowledg creditworthi solvenc lender agre write bef million refin verlipack oper result arriv hey point group difficulti debentur loan bef million grant hey financ capit inject verlipack constitut aid verlipack mean articl treati commiss note bef million loan grant march period march septemb period octob septemb comparison market condit accompani loan question relat period loan grant march refer rate applic belgium time basi year durat year grace period extent interest subsidi variabl loan element aid gross bef million commiss note loan agreement requir hey give collater loan sriw whilst bear mind letter hey banker confirm solvenc commiss doubt privat financi institut risk secur view forego commiss consid behaviour sriw connect loan consist action privat investor loan element aid exempt articl guidelin stipul appar public author inject capit acquir hold firm circumst accept privat investor oper normal market economi condit case assess light articl ec treati capit contribut bef million verlipack debentur loan bef million hey verlipack stem state resourc constitut aid mean articl treati addit aid element bef million aid compat common market articl treati constitut aid social charact grant individu consum intend make good damag caus natur disast except occurr exempt articl applic similarli aid regard compat common market articl intend promot econom develop area standard live abnorm low underemploy mean articl commiss commun method applic articl region aid aid intend promot execut project common european interest remedi disturb economi member state promot cultur heritag conserv commiss step determin aid qualifi exempt articl treati context exempt examin light framework guidelin commiss publish interpret exempt question restructur aid decis initi proceed commiss examin compat aid exempt articl treati applic exempt basi commun guidelin state aid rescu restructur firm difficulti hereinaft quot commun guidelin quot guidelin commiss take view restructur aid contribut develop econom activ advers affect trade extent contrari common interest condit met restructur plan satisfi gener condit return long term viabil ii undu distort competit iii aid proport restructur cost benefit iv plan implement full guidelin restructur aid need firm difficulti restructur oper strength resourc requir state assist view forego verlipack obtain april capit contribut bef million financ bef million loan grant hey decemb fresh inject bef million write beaulieu debt walloon region belgian author condit commun guidelin forc time met point verlipack plant wallonia locat assist area articl treati except busi plan invest plan budget bef billion plant wallonia cover period financ grant bank involv reduc interest rate reschedul current debt repay belgium submit realist detail restructur plan busi plan forecast posit oper result forecast base realist assumpt market trend quot hey group strategi verlipack quot attach letter sriw decemb constitut basi financ inject hey gla propos alter product mix favour promis segment nich clear inform propos invest verlipack increas product plant averag period compar product overcapac market restructur plan provid cut product capac order prevent undu distort competit lastli busi plan belgian author base capit inject verlipack addit indirect financ form loan grant hey implement full clear bankruptci verlipack januari aid regard compat common market commun guidelin invest aid aid analys standpoint aid intend facilit develop econom area ghlin jumet plant locat assist region articl treati benefit maximum ceil net gross guidelin nation region aid region aid guidelin individu ad hoc aid payment made singl firm major impact competit relev market effect region develop limit doubt measur belgian author assist verlipack constitut aid mean articl treati aid liabl distort competit affect trade member state order qualifi exempt articl treati aid facilit develop assist region affect trade extent contrari common interest verlipack oper market hollow contain glass share belgium european union market share contain glass industri take place packag sector plastic paper board period belgium grant aid verlipack affect fall price hey sector gener forseeabl rapid downward trend price continu result competit packag product pet cardboard can collaps russian market econom situat invest verlipack effect increas product aid firm liabl affect verlipack posit market regard competitor eu total cost plan invest walloon plant bef billion belgium hey bef million invest hey state fund resourc aid grant walloon region inject bef million sriw borrow loan total bef million intend invest verlipack aid qualifi exempt articl treati similarli aid regard initi invest aid job creation link carri initi invest project abovement guidelin region aid aim reduc firm current expens oper aid prohibit exception aid grant region elig derog articl provid justifi term contribut region develop natur level proport handicap seek allevi commiss conclud region walloon plant locat cover articl except abovement articl applic view forego aid verlipack qualifi exempt articl fresh capit inject state part relaunch june part procedur initi belgium develop verlipack month preced commiss decis septemb commiss note view deterior firm posit end fresh effort made partner bank beaulieu group hey relaunch agreement conclud june fresh capit increas verlipack decid june contribut hey bef million share inject worldwid investor luxembourg investor found beaulieu bef million exchang share autumn involv privat investor worldwid investor end sale share beaulieu group turn transfer walloon region transfer lieu payment amount ow beaulieu walloon region share acquir decemb valu bef repay interest start decemb commiss note withdraw privat investor transfer lieu payment debt start repaid decemb place week verlipack petit bankruptci belgian author transfer decemb beaulieu lieu payment debt walloon region regard fresh capit inject verlipack bef million commiss remind belgian author letter april repli commiss letter januari announc intent grant verlipack bef million form capit contribut long term loan quot implement project prior notif commiss authoris quot belgian author fresh support walloon author verlipack decemb fact constitut inject capit verlipack bef million fail undertak implement plan notifi commiss advanc authoris commiss draw attent letter decemb reserv quot posit intervent walloon author favour verlipack quot posit repeat letter januari februari belgian author state quot consid financ composit period view term recent commiss decis quot commiss note belgian author repli comment interest parti commun commiss announc intent decid grant support firm oper verlipack ghlin site fresh measur walloon region connect repay debt ow region beaulieu acquisit share ghlin jumet plant detail notifi interest parti commiss stage inform assess compat measur articl inform belgium letter juli enter measur regist notifi aid number nn view determin compat common market vi conclus capit bef million eur inject verlipack walloon region loan stem public resourc regard aid articl treati capit contribut walloon region circumst accept privat investor oper normal market economi condit loan bef million eur grant sriw hey recipi verlipack constitut aid articl accept write claus event verlipack wind regard behaviour privat investor loan bef million grant sriw hey recipi verlipack aid element bef million collater pledg behaviour sriw conform privat investor principl aid qualifi exempt articl pursuant commun guidelin aid rescu restructur firm difficulti belgium fail submit specif detail restructur plan back realist forecast busi plan invest plan implement full aid regard invest aid invest stem hey resourc aid qualifi exempt articl treati aid amount bef million capit contribut bef million loan total bef million aid element contain loan bef million amount bef million give grand total bef view forego conclud bef million capit inject walloon region longer regard concomit capit inject hey bef million contribut bef million public fund intend verlipack sole beneficiari commiss decis septemb rais object capit inject verlipack walloon region revok articl regul ec adopt decis articl commiss decis septemb rais object respect capit contribut verlipack revok articl regul ec march lai detail rule applic articl ec treati articl state aid total eur bef million grant belgium verlipack incompat common market articl state aid total eur bef million grant belgium verlipack incompat common market articl state aid total eur bef million grant belgium verlipack element state aid amount bef million incompat common market articl belgium step recov recipi aid refer articl grant unlawfulli recoveri effect accord procedur nation law sum recov bear interest date made recipi actual recoveri interest calcul basi refer rate calcul grant equival region aid articl belgium inform commiss month date notif decis measur compli herewith articl decis address kingdom belgium brussel octob commiss mario monti member commiss oj bulletin ec set januari beaulieu group involv walloon region société régional investiss de walloni public limit compani oj oj oj aid eighth competit report point oj glass factori case sfei ecr point case alfa romeo ecr point join case germani commiss ecr point letter januari sriw hey attach comment sg januari memo februari commiss investig lead initi procedur articl ec treati judgment mon commerci court reject statement bankruptci case ecr ii société pour la gestion de particip de la région wallonn dan de société commercial compani manag walloon region hold commerci firm time commiss investig underwai result decis septemb commiss decis septemb week declar bankruptci januari document date februari sign collignon minist presid walloon govern composit hold beaulieu group hey gla walloon region document februari case germani commiss ecr paragraph oj oj commiss decis june review develop area hainaut program object oj verr avenir kei figur contain glass industri paragraph region aid guidelin quot full knowledg rule procedur financi posit verlipack hold ii sa quot annex novemb transfer agreement decemb walloon region beaulieu group acquisit share decis septemb