commiss decis june state aid implement germani technisch glaswerk ilmenau gmbh germani notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant articl ec treati articl council regul ec march lai detail rule applic articl ec treati regard comment procedur letter date decemb regist decemb germani notifi restructur measur favour technisch glaswerk ilmenau gmbh quot tgi quot commiss accord articl ec treati aid paid measur regist aid nn commiss request addit inform germani letter date decemb march answer letter date februari regist februari regist june letter date septemb regist septemb octob regist octob octob regist novemb germani submit inform letter date april commiss inform germani decid initi procedur laid articl ec treati respect aid issu inform order commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid measur letter date juli regist juli germani respond initi procedur inform order meet repres german author held novemb letter date februari regist march germani submit inform commiss receiv comment interest parti forward germani opportun react observ receiv letter date decemb regist decemb ii detail descript aid recipi tgi locat ilmenau thuringia assist area articl ec treati set privat individu mr mr geiß aim take product line ilmenau glaswerk gmbh quot igw quot compani sole owner treuhandanstalt quot tha quot decid liquid remain product line shut dismantl compani activ field technic glasswar laboratori glass glass domest sight glass tube rod tgi employe turnov dem main sharehold share manag director compani mr geiß sole sharehold manag director compani activ relev market tgi laborbedarf stralsund gmbh quot ls quot locat güstrow mecklenburg western pomerania paul schröder amp technisch glaswaren gmbh amp kg quot pf quot locat ellerau hamburg ls employe pf employe turnov dem ls ceas trade pf file bankruptci januari financi measur past sale product line quot tank quot igw tgi mean asset deal asset deal contract septemb septemb product line sold tgi negoti potenti investor fail sale final approv tha sole sharehold igw decemb purchas price amount total dem paid instal end payment secur mortgag dem bank guarante dem cover turn counterguarante time deposit context asset deal germani grant measur worth total dem gt tabl gt invest loan kreditanstalt für wiederaufbau quot kfw quot amount dem invest grant invest allow amount dem tgi receiv grant bundesanstalt für vereinigungsbedingt sonderaufgaben quot bv quot restructur pilot plant amount dem tha bv grant loss compens year amount dem asset deal contract decemb decemb fourth product line sold tgi investor found purchas price amount dem context asset deal germani grant measur worth total dem gt tabl gt invest allow amount dem loan thüringer aufbaubank quot tab quot amount dem tgi receiv bv grant restructur fourth product line amount dem bv invest grant amount dem tha bv grant loss compens year amount dem effect asset deal depend provis bank guarante tgi forthcom asset deal provision ineffect februari restructur plan financi measur germani tgi ran difficulti start invest project postpon half year due fact tha approv term asset deal decemb tgi start invest project april plan start quarter consequ rest invest project postpon tgi provid time evid guarante requir effect asset deal bv make grant amount dem purpos restructur fourth product line invest carri tgi suffer incept continu lack liquid project balanc compani liquid resourc exhaust order restor viabil tgi oblig solv abovement liquid problem build capit reserv concert action plan adopt bv land thuringia privat investor februari germani submit restructur plan notif time frame envisag gt tabl gt purchas price product line outstand addit dem need restructur fourth product line dem relat invest dem earmark project improv product gener overhaul product line remain liabil supplier rent payment origin due requir amount dem restructur cost list financ gt tabl gt bv agre waiv dem initi purchas price addit bank guarante amount dem asset deal convert mortgag debt order improv compani liquid bv final approv asset deal insist provis bank guarante precondit made contract provision ineffect februari grant restructur fourth product line amount dem final paid compani receiv tha bv grant loss compens amount dem invest allow amount dem grant compani context restructur compani receiv loan dem tab thuringia consolid fund agre asset deal restructur plan provid dem cost financ compani resourc form cash flow detail cash flow gener gener privat investor found contribut dem restructur waiver staff christma bonu amount dem agre releas guarante job oblig suppos make dem restructur inform guarante provision profit loss account tgi expect achiev posit result expect materialis plan actual evolut shown tabl gt tabl gt latest inform submit germani investor contribut dem found provid restructur plan adjust restructur plan submit commiss market analysi product produc tgi fall categori special glass special glass account total eu glass output broad sector cover wide rang product limit number oper tgi compani eu produc light glass inform commiss good growth special glass sector output market light glass grew posit trend continu expect consequ asian crisi middl market recov sale special glass grown germani gener outlook remain favour initi formal investig procedur commiss initi formal investig procedur respect waiver dem origin purchas price set asset deal doubt waiver germani claim consist behaviour privat creditor measur regard state aid tgi commiss rais doubt aid compat common market accord commun guidelin state aid rescu restructur firm difficulti quot guidelin quot doubt compani difficulti time waiver grant compani incur loss receiv extens loss compens compani difficulti commiss doubt restructur plan restor viabil condit proportion aid fulfil privat investor contribut part financ restructur measur secur doubt restructur plan implement addit germani maintain number measur grant approv aid scheme basi inform commiss unabl assess invest loan total dem grant kfw effect cover scheme purportedli grant inform term loan ident aid scheme commiss doubt tab loan dem compli term commiss approv aid scheme purportedli grant state commiss doubt compani difficulti time aid grant commiss issu inform order determin kfw loan tab loan effect compli term aid scheme purportedli grant delai take decis waiver dem purchas price commiss conclud formal investig procedur final decis measur initi separ procedur respect aid measur form subject matter initi procedur light inform obtain respons inform order consid aid iii comment interest parti commiss receiv comment competitor compani tgi comment competitor tgi forward germani letter date octob novemb give germani opportun react answer comment competitor receiv decemb germani submit reaction comment tgi comment initi procedur competitor maintain aid recipi systemat sell product market price product cost claim state aid grant tgi claim structur overcapac product market tgi activ glass domest sight glass glass tube express doubt ident aid recipi point close relationship tgi compani own tgi main sharehold manag director tgi state comment initi procedur waiver part purchas price tab loan constitut state aid mean articl ec treati claim context privatis product line free state thuringia agre provid direct invest grant amount dem end dem paid view origin price dem regard high tgi claim waiver constitut adapt origin privatis contract legal entitl carri tab loan tgi submit compens build pull project free state thuringia creat technolog park submit commiss consid measur state aid exempt guidelin iv comment germani repli initi procedur germani state opinion waiver part purchas price constitut state aid regard consist behaviour privat creditor waiver consid commiss state aid approv restructur aid germani submit inform intend prove loan grant kfw state aid cover aid scheme authoris commiss germani submit inform prove aid recipi qualifi small medium size enterpris quot sme quot argu tgi compani own sharehold form econom group busi compani conduct arm length basi account small part compani turnov respons comment competitor tgi germani reject alleg dump fact case tgi price competitor prove tgi practis dump sign normal competit market economi germani state comparison made competitor tgi price flaw competitor maintain tgi grant larg reduct price quot wholesal price list germani claim price intend end user tgi sold product directli end user product sold intermediari reduct common relev market net price basi compar price potenti overcapac tgi product market mention competitor germani argu market definit appli competitor narrow analysi competitor concentr market individu product ignor substitut suppli germani view overcapac relev market assess tgi receiv financi support public resourc advantag compar competitor competitor commun relev product market trade take place threaten distort competit common market commiss determin measur deriv public resourc constitut aid constitut aid commiss analys compat common market aid undertak germani consid tgi aid recipi state undertak sme mean commun guidelin state aid small medium size enterpris quot sme guidelin quot initi formal investig procedur commiss rais question relev undertak larger tgi main sharehold manag director tgi sole sharehold manag director compani pf ls tgi pf ls exceed threshold employe establish sme guidelin question tgi sme affect outcom assess compat purchas price waiver matter dealt proceed exist aid mean articl ec treati complianc approv aid scheme contribut tha bv context asset deal measur grant context asset deal fell scope tha scheme closur compani costli option state decid privatis state aid decis impli burden state dem price dem paid compani consid neg price undertak fewer worker financi assist tha bv tgi cover tha scheme contribut tha bv context asset deal measur grant context asset deal fell scope tha scheme closur compani costli option state decid privatis state aid decis impli burden state dem price dem paid compani consid neg price undertak fewer worker financi assist tha bv tgi cover tha scheme invest loan kfw context asset deal loan total dem purportedli grant kfw aid scheme previous authoris commiss commiss inform assess loan effect cover aid scheme issu inform order loan dem grant kfw small firm assist programm loan dem grant kfw eu small firm job support programm inform submit germani loan provid market condit interest rate refer interest rate compani difficulti time measur grant commiss conclud constitut state aid loan dem grant erp develop programm region aid scheme previous authoris commiss loan compli condit set aid scheme purportedli grant effect cover scheme constitut exist aid reassess proceed invest grant invest allow context asset deal tgi receiv invest grant amount dem framework plan joint feder govern länder programm improv region econom structur region aid scheme authoris commiss context asset deal invest allow amount dem grant tgi tgi receiv invest allow amount dem dem asset deal payment made invest allow act region aid scheme authoris commiss question compat invest grant invest allow aid rule basi purportedli grant assess proceed assess subsequ proceed convers secur dem purchas price deferr repay context concert action bv agre convert bank guarante worth dem contract junior rank mortgag debt secur lower bank guarante inform submit germani repay remain purchas price defer schedul onward measur confer advantag tgi privat creditor grant compani difficulti state aid convers secur deferr payment assess proceed form subject separ proceed waiver dem purchas price februari germani argu bv point view waiver econom advantag insist payment full purchas price waiver claim constitut state aid establish case law court justic european commun order determin measur public bodi constitut state aid establish recipi undertak receiv econom advantag obtain normal market condit germani submit analysi order prove purchas price waiver bv intend maximis payment price agre asset deal reduc relat cost germani state tgi verg bankruptci compani equiti capit shrunk dramat compani liquid problem total purchas price dem outstand germani maintain bv insist payment full purchas price compani bankrupt germani claim event bankruptci bv recov asset part purchas price dem secur bank guarante remain dem secur junior rank mortgag germani amount recover creditor claim prioriti germani state asset deal enter forc bv insist payment full purchas price implement asset deal temporarili suspend februari tgi provid bank guarante precondit bv approv contract tgi releas oblig februari asset deal effect bv incur addit cost connect closur fourth product line reclam site fourth product line administr pend sale site investor found germani bv face choic waiv part purchas price insist payment price full bankrupt compani germani prove commiss compar altern purchas price waiver econom advantag solut event waiver implement asset deal bv face inform submit germani final cost dem differ receipt dem dem purchas price asset deal dem sale tgi site fourth product line locat cost dem restructur grant dem loss compens dem agre asset deal event bankruptci implement asset deal bv face final cost dem bv receipt dem dem purchas price asset deal estim dem sale site fourth product line locat incur cost dem connect closur fourth product line reclam site fourth product line administr pend sale site germani case waiver bv face final cost dem case bankruptci incur final cost dem waiver econom advantag solut commiss agre line argument reason threefold evid suggest asset deal effect bv waiv part claim asset deal origin agre decemb provision suspend februari tgi provid bank guarante precondit implement contract absenc guarante parti tgi bv march withdraw contract exercis bv made proof bank guarante precondit implement asset deal effect contract depend bv bv made contract effect time waiv bank guarante requir implement asset deal independ purchas price waiver asset deal final effect februari bv longer insist provis bank guarante tgi entitl time waiver payment full purchas price februari withdraw contract compani interest germani state effect asset deal help partli stabilis tgi difficult financi situat grant amount dem restructur fourth product line final paid evid waiver precondit asset deal effect extent link privat creditor agre make effect asset deal depend waiver payment part purchas price asset deal effect bv insist payment full purchas price includ comparison altern scenario purchas price waiver bankruptci bv bear cost connect asset deal payment purchas price compar event waiver bv receiv dem purchas price event bankruptci payment dem guarante possibl bv receiv part remain dem purchas price purchas price waiver prove advantag solut inconsist behaviour privat creditor asset deal effect bv insist payment full purchas price event purchas price waiver evid suggest bv behav privat creditor decid waiv part purchas price germani maintain event bankruptci ineffect asset deal bv face cost dem aris closur fourth product line reclam site administr pend sale site commiss consid high cost proport oblig privat creditor situat germani cite cost dem reclam site fourth product line stand reclam part scheme free state thuringia creat technolog park commiss assum privat creditor oblig explan fourth product line worthless event bankruptci germani mention proce dem sale site fourth product line event bankruptci put potenti proce sale site dem discrep amount elucid thirdli context asset deal bv agre provid invest grant dem amount includ comparison altern oblig result addit cost bv asset deal effect event waiver effect asset deal final cost bv dem dem maintain germani higher cost event bankruptci dem implement asset deal depend purchas price waiver commiss accept germani analysi state evid suggest event purchas price waiver implement asset deal bv bear lower cost insist payment full purchas price allegedli result effect asset deal tgi submit bv waiver constitut state aid adjust privatis contract free state thuringia disburs invest grant agre connect privatis product line bv free state thuringia legal entiti commiss accept argument claim tgi free state thuringia bv treat separ bv decis waiv dem purchas price motiv desir safeguard exist compani seek minimis financi burden bv act privat creditor waiver constitut state aid fall assess ad hoc aid dem tab loan thuringia consolid fund februari germani loan grant thuringia consolid fund undertak difficulti aid scheme authoris commiss commiss doubt loan cover aid scheme issu inform order tab loan dealt proceed form subject separ proceed articl ec treati waiver fall assess commiss ad hoc aid articl ec treati except gener incompat state aid pursuant articl except provid articl ec treati appli 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 except provid articl ec treati primari object aid region concern restor long term viabil undertak difficulti except provid articl treati appli pursuant provis aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest consid compat common market assess rescu restructur aid commiss issu special guidelin preliminari examin commiss consid commun guidelin research develop environ small medium size enterpris employ train appli case inform aid grant april guidelin applic point guidelin financi weak firm receiv restructur gener due poor past perform dim futur prospect typic symptom deterior profit increas size loss diminish turnov grow inventori excess capac declin cash flow increas debt rise interest charg low net asset initi procedur commiss express doubt tgi compani difficulti time aid grant basi inform submit germani commiss conclud compani difficulti materi time compani make continu loss cash flow gener unabl carri invest compani equiti capit reduc significantli restor viabil award restructur aid requir feasibl coher reach restructur plan capabl restor long term viabil firm reason time span basi realist assumpt germani submit restructur plan cover period submit forecast compani turnov result period compani viabil restor restructur plan reli assumpt investor contribut amount dem amount cover substanti part invest cost foreseen restructur plan latest inform submit germani confirm privat investor found financ restructur measur assur adjust restructur plan take account fact submit commiss viabil suppos restor compani make loss commiss conclud restructur plan led restor viabil compani undu distort competit restructur plan measur offset advers effect competitor aid involv contrari common interest inelig exempt articl ec treati impli object assess suppli demand show structur excess product capac relev commun market aid recipi activ restructur plan make contribut proportion aid receiv restructur industri concern irrevers reduc close capac germani state tgi expect increas decreas product capac futur comment initi procedur competitor tgi state structur overcapac product market tgi activ recit inform commiss market suffer overcapac proportion restructur cost benefit amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun viewpoint investor make substanti contribut restructur plan resourc aid grant avoid provid compani surplu cash aggress market distort activ link restructur process comment initi procedur competitor tgi claim tgi systemat sell product market price product cost continu loss compens provid tgi feasibl restructur plan submit commiss rule possibl resourc market distort activ link restructur process germani consid waiv staff christma bonu investor contribut signific contribut staff compani restructur account investor contribut investor bear risk respect germani consid salari reduct manag director compani main sharehold investor contribut measur includ financi restructur plan consid privat investor contribut germani consid cash flow amount dem investor contribut commiss accept intern financi measur form part investor contribut larg extent directli indirectli gener aid measur cash flow reduc financ restructur compani commiss account element investor contribut germani intim cash flow gener gener futur commiss conclud privat investor contribut mean guidelin condit proportion aid fulfil full implement restructur plan compani fulli implement restructur plan restructur plan submit commiss show gap financ investor found contribut essenti implement restructur plan carri indispens invest doubt restructur plan implement vi conclus commiss find purchas price waiver amount dem award tgi constitut state aid find germani unlawfulli implement aid breach articl ec treati measur fulfil criteria set guidelin compat common market pursuant articl ec treati restructur plan submit base realist assumpt restor compani viabil commiss ask germani recov aid recipi commiss point convers secur deferr repay dem purchas price asset deal tab loan dem award tgi subject separ procedur adopt decis articl state aid germani implement technisch glaswerk ilmenau gmbh form waiver dem purchas price agre context asset deal conclud septemb incompat common market articl germani measur recov recipi aid refer articl unlawfulli made recipi recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul grant equival region aid articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel june commiss mario monti member commiss oj oj footnot panorama eu industri volum chapter report stand committe ec glass industri cpidv annual report bundesverband glasindustri und mineralfaserindustri oj oj tha scheme sg decemb tha scheme sg februari sg decemb sg august measur provis qualifi region invest aid articl ec treati approv commiss basi except articl ec treati sg decemb measur act qualifi region invest aid articl ec treati approv commiss basi except articl ec treati case spain commiss ecr paragraph nn sg februari point commun guidelin state aid rescu restructur firm difficulti notic member state includ propos measur state quot commiss examin compat common market rescu restructur aid grant authoris basi guidelin forc time aid grant quot oj