commiss decis novemb state aid grant itali enirisors spa notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof call interest parti submit comment pursuant provis cite letter date januari commiss inform italian govern decis initi articl procedur respect aid grant form capit inject eni hold enirisors spa hereinaft refer quot enirisors quot enirisors wholli own italian state hold compani eni turn time event question control italian govern ministri treasuri major sharehold background decis ec commiss termin proceed inject capit enirisors eni capit inject part restructur plan amount total itl billion decis notifi itali letter decis ec commiss found capit inject amount itl billion compat common market eea agreement pursuant articl ec treati articl eea agreement provid italian govern compli condit main condit purpos present decis itali honour commit complet restructur plan privatis compani product site enirisors liquid complet decemb incom privatis cover liquid cost italian govern set procedur monitor implement decis half yearli report reach commiss novemb show sale pertusola sud remain compani own enirisors spa manag zinc product plant croton place contrari restructur plan notifi itali approv commiss problem surround pertusola sud major import decis ec time itali compani close sold interest buyer end scenario buyer convert product complex zinc nickel term closur sale pertusola sud appear restructur plan enirisors notifi commiss restat decis ec enirisors oper loss appar attribut activ pertusola sud commiss count closur sale compani privat buyer order achiev ultim aim restructur plan final liquid enirisors report reveal eni enirisors fresh capit inject amount itl billion capit partli cover oper cost pertusola sud cost liquid enirisors capit inject provid restructur plan notifi commiss consider decis ec capit inject notifi commiss made illeg commiss examin capit inject aid measur illeg grant breach prior notif pursuant articl treati basi inform gather stage investig commiss conclus capit inject carri eni yield suffici financi return enirisors liquid claim eni act privat investor case enirisors suffer loss year privat investor restructur liquid compani sooner order avoid prolong loss commiss doubt compat capit inject common market qualifi derog articl treati decid initi articl procedur respect capit inject ii public notic initi procedur letter april govern unit kingdom submit comment support commiss argument uk author financi situat enirisors capit inject made eni inconsist action privat investor letter compani union minièr zinc produc direct competitor pertusola sud submit comment support commiss argument union minièr capit inject enirisors financi year intend cover loss subsidiari pertusola sud constitut state aid notifi illeg aid unduli distort competit market zinc suffer structur overcapac member state interest parti submit comment commiss comment unit kingdom union minièr forward italian govern letter iii repli letter initi procedur abovement comment parti italian govern challeng commiss decis initi procedur comment parti capit inject question amount itl billion notifi commiss part monitor procedur provid decis ec total itl billion itl billion intend cover loss pertusola sud remain itl billion serv cover cost relat enirisors itl billion complet restructur plan approv commiss inject itl billion consid effect authoris formal includ aid provid plan commiss stipul articl decis ec itali commun liquid cost amount itl billion intend cover cost liquid close undertak possibl distort competit recipi undertak perman ceas activ leav market regard itl billion paid pertusola sud italian govern recognis fact enirisors gave capit inject total itl billion pertusola sud order compens compani loss state commiss adopt decis ec knew pertusola sud lose itl billion year impos sale closur pertusola end commiss implicitli approv continu activ date consequ compens loss accumul pertusola sud plant situat croton area qualifi region aid articl treati aid question consid compat common market light treati provis iv enirisors set oper hold compani intend optimis econom financi resourc eni group basic object entrust administr group hold mine activ singl centr respons fact eni sharehold time ministri treasuri decid pull core busi make core busi profit separ loss make activ ultim aim privatis hold compani enirisors end enirisors formul plan aid measur includ purpos decis closur pertusola sud plant end sale interest buyer turn complex product unit nickel end year period enirisors receiv sole sharehold eni capit inject itl billion purpos implement plan decis ec commiss found aid compat subject term condit set notifi restructur plan period enirisors expect receiv itl billion sale compani area busi capit inject constitut state aid order assess capit inject total itl billion constitut state aid commiss examin flow capit italian state main sharehold time enirisors light market economi investor principl set commiss commun member state public undertak manufactur sector principl state aid involv financi transact undertaken privat investor oper normal market economi condit time event question alongsid italian state largest sharehold privat investor held share eni ministri treasuri held share eni time plai lead strateg role determin group busi decis capit inject itl billion subject initi procedur financ proce benefit eni sharehold control sharehold italian state fund eni made enirisors consid state resourc mean articl treati commiss good reason suppos capit inject made eni total itl billion yield insuffici exist financi return measur consist basic cover loss compani pertusola sud liquid unspecifi liquid cost commiss eni undertak specif legal oblig legal oblig italian state prove eni conduct conform privat investor oper market economi condit count profit return proport amount capit inject fact give hope smallest return invest decis liquid enirisors case decemb claim eni act privat investor decid make fresh capit inject itl billion privat oper liquid enirisors limit liquid cost take action specif legal oblig evid dispos commiss conclud eni act respons legal oblig connect normal procedur liquid compani measur question constitut state aid vi illeg state aid legal aid question repli initi procedur italian govern maintain inject itl billion notifi commiss part monitor procedur provid decis ec commiss point regard inform capit inject item inform commiss context monitor procedur notifi formal aid includ amount authoris decis ec case italian author compli oblig give prior notic implement aid stipul court justic judgment case lorenz germani italian author agre inject itl billion includ itl billion authoris commiss claim itl billion itl billion complet restructur plan approv commiss inject itl billion consid effect authoris formal includ aid provid plan commiss stipul articl decis ec itali commun liquid cost commiss accept argument articl decis ec expressli stipul proce privatis enirisors eni invest compani own eni defrai liquid cost enirisors mean commiss foreseen liquid cost time adopt decis clear word articl commiss concern cost met revenu privatis enirisors compani state aid form fresh capit inject fact case basi claim italian author commiss know pertusola sud lose itl billion accept close decemb implicitli authoris compens loss fact commiss awar pertusola sud suffer loss impli approv aid cover loss reason decis ec enirisors compens loss pertusola sud revenu privatis carri medium term hold compani intern fund recours absolut unplan inject capit fact case measur question constitut illeg state aid notifi itali commiss grant fortiori authoris commiss pursuant articl treati vii compat aid common market compat aid italian govern maintain amount intend cover cost liquid close undertak possibl distort competit common market affect trade member state recipi undertak perman ceas activ leav market claim basi present case directli contradict comment union minièr competitor pertusola sud complain aid allow compani remain activ zinc market distort competit zinc produc case compani benefit directli indirectli aid question activ market produc case portovesm pertusola sud put liquid month ago activ zinc produc aid question sold close time ago argument put forward italian author accept liquid cost question direct indirect repercuss compani activ market itali claim case pertusola sud plant situat croton area qualifi region aid articl treati aid question consid compat common market light treati provis commiss point regard articl treati commiss derog ban state aid affect trade member state distort competit declar compat common market quot aid promot econom develop area standard live abnorm low underemploy aid advers affect trade condit extent contrari common interest quot context commiss authoris region aid establish viabil compani involv word region aid authoris effect bring advantag region term employ link viabil time undertak receiv aid case clear confirm success court judgment recent judgment court instanc join case efim bfm commiss commiss context applic articl waiv consider commun interest confin verifi region specif measur involv assess impact commun level case point itali simpli invok region derog compani liquid prospect viabil medium term mean capit inject lead concret advantag term employ italian author acknowledg case pertusola sud liquid close decemb measur question serv region polici purpos aid liquid compani aim quot promot econom develop quot area fact measur aim keep pertusola sud activ market cost month industri econom region logic cite provis articl concern commiss conclud ad hoc aid measur question part govern strategi effect promot region develop qualifi derog question case file show aid grant creat job assist area contrari evid suggest ad hoc measur aim industri surviv cost compani control enirisors pertusola sud compat aid articl treati commiss stress provis directli cite italian author procedur commiss repeat state aid qualifi derog provid advers affect trade condit extent contrari common interest restructur aid aid possibl cite present case commun guidelin state aid rescu restructur firm difficulti state type aid extraordinari renew justifi except circumst case aid question addit aid authoris decis ec quot quot condit except circumst justifi authoris commiss viii basi consider commiss conclud aid form capit inject itl billion question decis initi procedur qualifi derog articl intend promot econom develop area standard live abnorm low restructur undertak close case decemb initi procedur commiss remind italian author aid grant illeg liabl commiss decis requir member state question recov case commiss consid recov aid order restor fair competit prevail grant adopt decis articl state aid grant itali enirisors spa form capit inject total itl billion incompat common market articl itali measur recov enirisors spa aid unlawfulli paid recoveri effect accord procedur italian law amount recov includ interest date aid paid enirisors date effect recov interest calcul basi refer rate calcul net grant equival region aid articl itali inform commiss month notif decis measur compli articl decis address italian republ brussel novemb commiss karel van miert member commiss oj oj footnot oj ecr judgment septemb ecr ii point oj