commiss decis juli state aid implement germani khk verbindetechnik gmbh brotterod 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 letter germani date june commiss inform germani implement aid khk verbindetechnik gmbh brotterod quot khk quot letter date octob decemb januari march juli germani provid commiss inform letter date octob commiss inform germani decid initi procedur laid articl ec treati respect aid commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid commiss receiv comment interest parti forward germani opportun react ii detail descript aid compani compani establish receiv sold asset compani bankruptci metallverarbeitung brotterod gmbh quot mvb quot bankruptci proceed respect mvb effect open juli receiv continu product seek investor negoti enter candid final compris privat person emploi mvb chosen bidder privat investor found compani khk verbindetechnik gmbh brotterod khk khk acquir mvb product facil mean asset deal mvb asset build machineri sold khk receiv dem million compani situat brotterod thuringia assist area mean articl ec treati khk small medium size enterpris sme activ manufactur radiat support step iron climb mast ball end anchor transport prefabr concret unit restructur restructur plan consist concentr activ locat modernis product plant autom product process substanti reduct number employe reduct product rang limit product gener posit cash flow develop product line mvb consist separ product site dispers town brotterod khk bought exist product hall adjoin land product facil transfer singl product site khk invest autom product line product computeris subsequ transform work creat energi suppli separ part mvb separ heat system khk successfulli continu product line origin mvb radiat support step iron product line pneumat tool discontinu khk introduc product ball end anchor transport prefabr concret unit compani sell entir output german wholesal custom declar bankrupt mvb emploi peopl turnov dem million khk emploi peopl start peopl emploi balanc sheet total dem khk achiev turnov dem million restructur period notifi total cost restructur plan dem million gt tabl gt public fund project gt tabl gt investor contribut notifi commiss gt tabl gt dem loan khk bought mvb asset subsequ privat bank grant compani dem current account credit facil ceil dem dem invest loan credit line back collater person guarante investor mortgag premis compani amount dem transfer titl machin instal inventori transfer account receiv client invest loan secur dem public defici guarante bürgschaftsbank thüringen refinanc kreditanstalt für wiederaufbau kfw approv erp reconstruct programm scheme decis open procedur commiss doubt dem invest loan consid full investor contribut mean commun guidelin state aid rescu restructur firm difficulti quot guidelin quot secur addit collater provid investor compani public guarante amount dem note loan refinanc kfw erp programm aid scheme approv commiss compani asset collater loan acquir state aid receiv addit commiss doubt dem current account credit facil grant market condit consid investor contribut mean guidelin secur asset bought state aid reason set commiss doubt investor contribut restructur consid signific mean guidelin aid regard proport restructur cost benefit iii comment interest parti commiss receiv comment khk stress restructur plan fulli carri compani result expect turnov dem million balanc sheet total dem financi support bv land thuringia establish compani job lost compani sharehold commit carri activ successfulli commit financi provid person guarante compani iv comment germani germani state commiss doubt credit line base fact compani asset collater loan purchas partli aid grant khk germani commiss conclud asset purchas state aid collater loan commerci bank effect loan contain aid element lead inadmiss doubl count aid result inadmiss conclus bv loan consid ad hoc aid aid intens aid element contain commerci loan germani irrespect inadmiss conclus commiss case defin amount aid element virtual imposs determin proport financi resourc bui asset emploi collater stem state aid formula quantifi aid element loan lead practic solut germani stress commiss conclus account fact object essenc aid enabl beneficiari part commerci busi market condit continu exist aid econom develop compani inher aid question commiss conclus result situat aid intens increas econom event relat origin grant aid germani stress commiss account fact loan secur person guarante investor transfer titl inventori transfer account receiv client purchas asset aid lead find loan secur asset contain aid element dem invest loan germani state opinion aid element contain loan amount loan guarante land dem dem oper loan germani state deutsch bank ag privat bank loan grant market condit consid investor contribut accord commiss practic germani point maximum amount credit line dem interest rate loan secur person guarante investor dem mortgag compani premis dem transfer titl machin instal inventori transfer account receiv client germani condit correspond market condit addit germani explain credit line dem grant khk deutsch bank consid investor contribut entireti compani drawn dem rule compani resort remain dem ow unexpect liquid full amount dem case compani total amount restructur cost compani consid dem million final point rais germani comment relat size compani area concern germani stress khk sme manag bui employe compani compani situat assist area mean articl ec treati characteris high unemploy invest khk perman secur job region contribut econom develop assess aid pursuant articl ec treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market establish case law court justic court instanc european commun criterion trade affect met recipi firm carri econom activ involv trade member state commiss note notifi aid grant state resourc individu compani favour reduc cost bear want carri notifi restructur project recipi aid khk produc metal compon subject trade member state aid question fall scope articl ec treati restructur aid notifi project concern restructur compani line restructur plan submit investor commiss note restructur aid firm difficulti assess pursuant guidelin commiss note order make restructur newli incorpor compani khk asset mvb asset mvb sold open bid procedur govern rule german insolv law inform provid notif commiss conclud asset mvb sold highest bidder market price gener newli found compani consid compani difficulti account except transform process länder commiss agre appli guidelin quot auffanglösungen quot arrang compani offer chanc provid oper mere sale individu asset activ compani bankruptci continu appli guidelin compani justifi light problem länder gener compani khk situat länder sale compris asset mvb product line financi viabl activ mvb continu asset deal constitut genuin quot auffanglösung quot measur favour khk regard restructur aid commiss note octob commun guidelin state aid rescu restructur firm difficulti enter forc point guidelin commiss examin compat notifi aid basi guidelin aid grant public basi guidelin forc time aid grant case aid present case grant guidelin enter forc aid assess light guidelin guidelin commiss consid rescu restructur aid contribut develop econom activ advers affect trade extent contrari common interest mean articl treati condit laid guidelin met commiss note total dem public contribut notifi restructur dem aid grant basi approv scheme aid consid exist aid mean articl ii council regul ec march lai detail rule applic articl ec treati compat common market assess commiss decis dem exist aid account assess proportion aid pursuant point iii guidelin guidelin aid proport restructur cost benefit point iii guidelin stipul aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view aid beneficiari make signific contribut restructur plan commiss decis open procedur commiss doubt credit line grant compani deutsch bank consid investor contribut secur asset bought state aid commiss doubt investor contribut consid signific mean guidelin invest loan dem decis open procedur doubt rais dem invest loan consid investor contribut secur addit collater provid investor compani public defici guarante amount dem addit loan refinanc approv aid programm commiss note public guarante grant approv guarante scheme provis scheme guarante compani difficulti reach aid intens note comment open procedur germani chang posit set notif state aid element loan question amount maximum loan amount dem germani count remain dem investor contribut view fact khk compani difficulti loan grant public guarante requir bank grant loan commiss opinion public guarante loan repres amount dem regard aid addit guarante note loan provid privat bank refinanc kfw erp reconstruct programm programm approv aid scheme scheme loan lower interest rate individu takeov compani provid continu compani activ ensur individu concern financi resourc commiss note loan grant year interest rate annum march loan paid back equal instal period note refer rate march loan grant compani time compani difficulti condit loan approv scheme financ assum bank grant equival loan compani market condit reason comparison market rate comparison made grant interest rate refer rate accord commiss notic method set refer discount rate differ rate consid aid compani loan cover guarante calcul loan period discount aid result subsidis interest rate amount dem current account credit facil dem ceil dem decis open procedur commiss rais doubt dem current account credit facil grant market condit consid investor contribut secur asset bought state aid commiss note assess loan grant market term condit loan situat point view bank grant loan provid bank privat bank interest rate correspond market term secur correspond normal practic bank secur provid beneficiari loan commiss conclud loan grant market term commiss note compani asset futur busi incom collater commerci loan common form collater bank requir busi asset secur financ busi activ invest commiss note previou case fall guidelin approv state aid bui asset compani difficulti acknowledg germani comment object essenc restructur aid enabl beneficiari part commerci busi market condit acknowledg fact compani asset claim collater continu commerci financ oper loan need invest reason commiss consid fact asset bought state aid collater loan suffici lead conclus loan grant market condit aid element commiss note addit real estat machineri credit secur transfer claim unsold product bank person guarante sharehold interest rate indic term credit line credit grant market condit commiss consid commerci financ mean guidelin addit commiss note germani comment effect current account credit facil ceil dem grant khk deutsch bank consid investor contribut entireti compani drawn dem full amount dem compani grant bank liquid restructur process commiss note notifi restructur plan provid total restructur cost dem restructur plan set cost restructur cost alloc public author beneficiari aid notif alloc dem current account credit line investor contribut chang restructur plan consid specif circumst restructur period end commiss consid ground retroact chang notifi restructur plan total dem consid total cost restructur dem consid investor contribut consist current account credit line deutsch bank financ cost proportion aid light recit commiss note public financ restructur consid gt tabl gt commiss note dem aid result public guarante interest subsidi base approv aid scheme aid measur consid exist aid mean articl ii regul ec compat common market assess commiss decis exist aid measur account assess proportion aid pursuant point iii guidelin aid element dem loan amount dem assess remain dem consid investor contribut mean guidelin guidelin state aid beneficiari expect make signific contribut restructur plan resourc extern commerci financ notion quot extern commerci financ quot interpret commiss practic equival financ market condit commiss note present case aid element present loan commiss assess loan public guarante interest subsidi present assess lead conclus part measur cover public resourc risk cover privat bank collater consid investor contribut provid condit loan correspond market condit present case conclus reach firstli part cover guarante market condit obtain interest rate subsidis state consid aid element interest subsidi rest loan regard subject market condit ow public guarante reason commiss opinion combin effect aid element prevent remain amount dem consid financ market condit light recit commiss note investor contribut restructur gt tabl gt commiss note aid intens restructur investor contribut commiss note khk sme emploi peopl assist area line previou practic commiss approv aid sme correspondingli high investor contribut case eastern german compani case aid grant limit liquid effect prevent compani receiv surplu cash fund aggress distort behaviour competitor addit investor contribut restructur privat properti present case aid dem million provid approv scheme ad hoc aid condition repay loan dem purchas compani asset aid limit liquid effect addit credit line grant compani secur person guarante investor investor contribut restructur privat properti reason commiss consid beneficiari contribut consid signific mean guidelin take view aid fulfil condit point iii guidelin aid proport restructur cost benefit vi conclus commiss find germani unlawfulli implement aid question breach articl treati note aid compli commun guidelin state aid rescu restructur firm difficulti compat articl ec treati adopt decis articl state aid germani implement khk verbindetechnik gmbh brotterod amount eur dem compat common market mean articl treati articl decis address feder republ germani brussel juli commiss mario monti member commiss oj footnot commiss decis initi formal investig procedur state paragraph aid link privatis compat common market compli treuhand regim aid scheme approv commiss aid link privatis assess decis footnot bürgschaftsrichtlini aufbaubank thüringen state aid approv commiss decemb invest loan deutsch bank refinanc kreditanstalt für wiederaufbau kfw erp reconstruct programm state aid approv commiss decemb oj approv commiss date april april state aid nn favour union werkzeugmaschinen gmbh letter date state aid favour foron hau und küchentechnik gmbh letter date approach confirm point footnot commun guidelin state aid rescu restructur firm difficulti oj quot except rule case dealt bundesanstalt für vereinigungsbedingt sonderaufgaben context privatis remit similar case länder involv compani emerg liquid asset occur decemb quot oj footnot oj person guarante investor mortgag premis compani transfer titl machin instal inventori transfer account receiv client bürgschaftsrichtlini aufbaubank thüringen oj sysma antriebstechnik gmbh state aid finow rohrleitungssystem und anlagenbau state aid nn schiess wema gmbh state aid nn auerbach maschinenfabrik gmbh state aid nn thüringer pianofort gmbh state aid remaind loan dem repres restructur cost consid investor contribut aid case nn gmb magnet bitterfeld nn stahl und maschinenbau rostock draiswerk