commiss decis novemb aid decid italian govern invest public flat glass industri veneziana vetro italian text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof notic accord articl interest parti submit comment regard comment regroup place italian public glass industri public hold ent participazioni finanziamento industria manufatturiera efim share held public hold ent nazional idrocarburi eni glass industri società italiana vetro siv veneziana vetro veneziana conteri foschi octob efim sharehold compani framework capit structur ministeri instruct siv leader public sector glass group regroup complet juli siv veneziana vetro mutual sharehold efim novemb italian govern author efim issu bond loan amount lit million lit million invest glass industri legal basi author law decre octob convert law decemb earmark increas invest fund annual instal capit share repaid state expiri interest prefinanc bond issu charg paid state decemb efim pass lit million proce bond loan siv form advanc futur increas share capit addit lit million pass siv form begin septemb italian govern author efim issu bond loan time amount lit million lit million construct float line product flat glass veneziana vetro author italian govern efim issu bond state expens favour invest public glass industri notifi commiss pursuant articl eec treati ii commiss learn italian govern decis regroup public glass industri provid fund year invest plan request inform financi transfer telex date march italian govern repli telex date june indic glass plan result regroup sector public glass industri profit provis fund mention commiss normal sharehold invest oper commiss unabl assess financi transfer question request detail inform form amount destin object year payment invest restructur measur italian govern repli letter octob state efim eni stake siv eni sharehold smaller compani veneziana vetro veneziana conteri foschi price establish arbitr lit million sum lit million stake siv minu lit million veneziana vetro foschi efim provid lit million addit capit siv invest flat glass sector amount lit million invest includ lit million process plant motor car industri spain lit million veneziana vetro italian govern enclos siv annual report commiss take note veneziana vetro appar unhealthi financi posit alarm report effect compani invest product capac basic flat glass request annual report restructur plan veneziana vetro inform effect invest product capac trade letter date novemb italian govern repli telex date januari state favour situat public glass industri call restructur plan financi intervent govern futur intervent notifi advanc commiss italian govern provid request inform invest financi result commiss stress neg valuat veneziana vetro equat debt reason bad obsolet state compani plant lack adequ train manpow basi incomplet inform obtain italian govern public sourc commiss view subscript lit million capit flat glass industri unspecifi amount appear destin veneziana vetro lit million invest contain element state aid view notabl bad financi posit veneziana vetro compani made loss lit million lit million lit million lit million commiss believ aid element distort competit affect trade member state mean articl float line product flat glass porto marghera increas compani product capac italian govern provid justif aid commiss determin exempt gener incompat common market provid articl applic aid commiss decid initi procedur provid articl letter date april gave notic italian govern submit observ iii italian govern submit observ procedur letter date juli memorandum date novemb letter date decemb italian govern deni exist link grant capit siv loss veneziana vetro believ commiss take account import siv invest restructur ration veneziana vetro flat glass product italian govern detail eni stake glass sector efim subsequ transfer efim stake veneziana vetro siv explain juli period efim direct owner veneziana vetro lit million bad transfer eni efim cover veneziana vetro loss remain lit million bad transfer siv veneziana vetro juli siv lit million cover addit loss incur veneziana vetro addit lit million increas compani capit bad obtain eni efim receiv lit million bond loan provid lit million thereof siv capit remain lit million cover cost emiss administr loan gradual redempt loan refund state increas efim endow fund siv decid invest lit million period financ mean lit million capit lit million commerci loan lit million financ invest question aim improv product structur product develop renov modern exist plant diffus innov product process technolog veneziana vetro intervent plan concern restructur substitut plant obsolet instal train personnel advanc technolog alter product capac letter date decemb italian govern claim siv intend invest lit million lit million renov float line lit million autom modern exist plant lit million invest follow develop activ group efim decid rais lit million privat capit market financ year invest programm lit million issu share lit million issu debentur loan italian govern submit inform show addit flat glass product plant context consult interest parti govern member state industri feder manufactur group sector beneficiari siv submit observ technic discuss repres efim siv place octob octob gazzetta ufficial della repubblica italiana carri italian govern decis author efim issu addit bond expens state amount lit million destin construct veneziana vetro float line porto marghera decis mention italian govern efim siv framework articl procedur commiss request inform decis letter date octob receiv request inform commiss decid march extend procedur provid articl open lit million order cover addit lit million veneziana vetro commiss opinion intervent element state aid relat invest element distort competit affect trade member state mean articl exempt gener incompat aid common market appear applic letter date march commiss gave notic italian govern submit observ framework articl procedur iv italian govern belatedli repli commiss request inform intervent letter date march italian govern express opinion increas efim endow fund financ mean debentur loan expens state element state aid notifi basi articl transfer fund veneziana vetro place compat treati view compani posit perform letter date juli italian govern submit observ framework extend procedur time present annual account veneziana vetro overview financi relat siv veneziana vetro order prove part lit million rais efim transfer veneziana vetro form loan condit ident prevail market respect lit million decid italian govern repeat sum increas efim endow fund affect trade condit commun state siv spilt veneziana vetro separ compani veneziana vetro econom activ società veneziana vetro establish april veneziana vetro asset transfer august siv veneziana vetro merg decemb permit siv advantag fiscal veneziana vetro cumul loss year amount lit million context consult interest parti extend procedur govern member state industri feder manufactur group sector submit inform gazzeta ufficial della repubblica italiana gazzetta ufficial della repubblica italana gazzetta ufficial della repubblica italiana gazzetta ufficial della repubblica italiana provis public fund compani form subscript capit involv element state aid order verifi provis public fund aid case undertak own public author ignor social element region sector polici similar circumst privat sharehold ahead inject capit condit basi expect profit context commiss note differ financi situat siv veneziana vetro siv made profit lit million lit million lit million lit million lit million repres annual turnov siv establish lit million arbitr veneziano vetro made loss ammount lit million lit million lit million lit million lit million repres annual turnov loss cover public sharehold eni efim siv establish minu lit million arbitr view expect loss restructur cost italian govern point commiss obsolet natur veneziano vetro plant unqualifi manpow modern machineri commiss opinion provis addit capit public fund compani circumst involv element state aid reflect set commiss commun member state septemb applic articl eec treati public hold compani capit respect author efim italian govern novemb issu lit million bond proce earmark invest public glass industri commiss note efim lit million sum increas siv share capit framework articl procedur italian govern submit evid show remaind bad eni efim siv made lit million veneziana vetro form loan interest rate equal loan interest rate equal loan veneziana vetro obtain bank year commiss opinion provis lit million efim siv form addit share capit differ behaviour privat investor view siv basic sound financi posit increas profit relat itsinvest accord view commiss commun member state septemb applic articl eec treati public hold compani capit provis share capit aid mean articl eec treati provis lit million siv veneziana vetro form loan market condit italian govern letter juli consid element state aid commiss reserv reconsid posit chang term loan respect italian govern author efim provid lit million veneziana vetro form share capit commiss opinion intervent involv element state aid view veneziana vetro weak financi posit notabl loss equiti relat invest framework procedur italian govern repeatedli state efim proce lit million debentur loan increas endow fund alter final destin sum financ float line product flat glass veneziana vetro author efim septemb issu lit million bond expens italian govern invest veneziana vetro impli element state aid mean articl eec treati enabl veneziana vetro reliv mean state resourc part cost invest bear notifi decis draft commiss italian govern fail fulfil oblig pursuant articl eec treati april italian govern inform reason commiss decid initi articl procedur provis lit million italian public flat glass industri govern knew commiss regard injction capit public sourc veneziana vetro aid aid decd impropr rin event breach procedur incompat common market mean articl vi siv produc process float glass motor car construct industri veneziana vetro construct float line produc drawn glass flat glass trade member state itali export tonn flatglass drawn glass float glass insul glass safeti glass glass mirror nimex code member state spain portug tonn tonn tonn import amount tonn tonn tonn tonn siv group incld veneziana vetro particip trade export half product member state competit flat glass manufactur inform commiss float line commun twelv belong main group siv sheet tank drawn glass float line sheet tank locat itali float line stop produc veneziano vetro sheet glass tank stop product float line commenc product financi assist state strengthen posit enterpris compar compet commun deem affect enterpris aid italian govern decid grant venzao vetro affect trade member state distort threaten distort competit mean articl articl principl aid fulfil criteria set incompat common market except principl set articl treati inapplic case view natur object propos aid articl treati list aid consid compat common market compat treati msut view context commun singl member state order ensur proper function common market take account principl laid articl treati execpt principl articl set paragraph articl interpret strictli aid scheme individu aid award examin appli commiss establish aid market forc insuffici induc potenti recipi act manner contribut attain object sought appli except case contribut attain object aid essenti end tantamount grant undu advantag industri firm member state financi posit bolster affect trade member state distort competit justifi common interest mean articl italian govern unabl give commiss discov justif find aid question fall categori except provid articl regard except provid articl aid promot facilit develop area note italian govern advanc consider region natur grant aid question respect construct float line porto marghera note standard live abnorm low underemploy mean except provid articl area porto marghera locat present includ receiv special reigon assist mean except provid articl except provid articl aid favour construct float line intend promot execut import project common european interest remedi distrub italian economi italian govern advanc argument favour applic except except provid articl favour aid facilit develop econom activ aid advers affect trade condit extent contrari common interest note year util capac heavi price competit demand flat glass present equal potenti suppli profit sector increas markedli siv result bear wit develop futur demand flat glass depend requir princip outlet motorcar construct industri futur suppli flat glass influenc product capac construct plan luxembourg franc unit kingdom spain countri commun framework procedur italian governmentat claim construct float line porto marghera leav product capac unchang capac increas provid figur substanti statement present situat float line add instal capac commun take account closur obsolet tonn dai sheet tank veneziana vetro februari closur tonn dai sheet tank float line porto marghera increas product capac quantit qualit term produc tonn dai rang siv yearli report confirm increas capac disrupt market siv process veneziana vetro output partli process plant spain belgium motorcar industri consist polici commiss ensur structur develop flat glass sector vulner perturb state aid commiss determin decis eec eec aid measur propos netherland luxembourg govern set addit flat glass product process plant incompat common market grant commiss find aid measur renov eist float line compat common market decis eec eec requir belgian govern refrain grant aid renov innovatori aspect invest concern valid approach confirm court justic recent judgment march join case aid alter trade condit commun siv leader newli form public sector glass group state report restructur efim control veneziaqna vetro signific group compani includ siv develop plan give siv import product market base northern itali readi suppli european market improv situat flat glass industri commiss find aid italian govern decid grant veneziana vetro effect product intra commun trade consid facilit develop sector advers affect trade condit extend contrari common interest italian govern aid satisfi condit applic except set articl eec treati lastli note view assur italian author letter date juli commiss base decis assumpt italian govern decid grant aid question lit million veneziana vetro paid sum indirectli efim ground inlud oblig recov aid sole requir italian govern refrain implement measur question adopt decis articl italian govern award aid lit million publish gazzetta ufficial della repubblica italiana octob undertak veneziana vetro porto marghera articl italian govern inform commiss month date notif decis measur compli therewith articl decis address italian republ brussel novemb commiss peter sutherland member commiss oj maasgla oj luxguard oj st roch oj glaverbel