commiss decis state aid grant spain asociación gener agraria mallorquina sa agama notifi document number spanish text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl regard council regul ec common organis market milk milk product give notic interest parti submit comment accord articl procedur commiss inform complaint spain grant state aid asociación gener agraria mallorquina sa quot agama quot telex date decemb commiss ask spanish author inform aid remind telex date januari receiv repli letter date commiss inform spanish govern decis open procedur provid articl treati regard aid letter date juli april march spanish author submit comment commiss decis open procedur publish offici journal european commun commiss gave notic interest parti submit comment aid commiss receiv comment interest parti ii detail descript aid beneficiari aid grant spanish author compani agama process market milk product majorca balear island agama compani involv industri process market milk product balear island august agama announc suspend payment govern balear island decid interven publicli own compani semilla feasibl studi carri inmark sa studi envisag applic number measur agama ensur viabil inter alia staff reduct renegoti compani debt creditor inject capit semilla advanc agama esp million eur debt privat financi institut repaid institut concern waiv esp million eur equal total debt esp million eur semilla advanc agama sum esp million eur equal debt milk produc repaid milk produc concern waiv approxim esp million total debt esp million eur exchang payment larg part debt milk produc concern sold semilla agama share price esp eur share nomin esp eur addit semilla esp million eur option agama share held paslac sa privat compani total price esp million eur esp share eur semilla transfer work capit esp million eur agama agama repai point semilla contribut agama compris esp million eur intend repai debt privat financi institut esp million eur intend repai debt milk produc work capit esp million eur form loan repay semilla addit semilla provid esp million eur purchas share esp million eur purchas option total contribut esp million eur interest total esp million eur april semilla sold share option agama share granja braut sa granja son seat sat total includ repay agama debt semilla esp million eur compani interest bui agama equal solvent govern balear island chose offer econom term receiv make initi payment esp million eur semilla buyer exercis option bui agama share hit financi difficulti unabl make payment semilla semilla refus postpon deadlin payment request granja braut sa granja son seat sat cancel contract impos maximum penalti provid contract semilla recov agama share oper produc account loss esp million eur semilla semilla recov agama ernest amp young drew restructur plan conclus state agama econom viabl measur reduc product capac rationalis rang finish product involv discontinu product product small profit margin promot product highli profit improv brand imag reduc product cost plan forecast decemb compani move profit fact compani profit year earlier forecast addit agama share held semilla agama debt semilla transfer govern balear island oper reason septemb govern balear island decid inject capit esp million esp made esp million eur form capit esp million eur convers equiti capit agama debt semilla subsequ transfer govern balear island agama sharehold govern milk produc held capit inject capit approxim esp million eur june agama obtain loan esp million eur financi institut la caixa estalvi pension de barcelona quot la caixa quot back joint guarante govern balear island loan repaid march spanish author provid certif issu govern balear island gener treasuri undertak recov amount concern agama guarante call period agama loan privat financi institut govern guarante approxim esp million eur loan repaid june spanish author calcul aid element guarante accord paragraph commiss commun state aid element guarante equal differ interest rate agama paid loan free market rate paid mibor differ approxim agama liabil consist loan esp million eur guarante govern unsecur loan total esp million eur esp million eur provid compani work capit pai debt incur granja braut granja son seat sat owner agama esp million eur make redund payment worker affect staff cut total esp million eur cost restructur plan detail recit agama consider reduc staff number reduc milk product capac million litr million litr fact manag total ceas product pasteuris milk compani bottl capac million litr year equip remov replac bottl sterilis milk glass bottl compani capac million litr year total ceas tetra pak uht tba machin replac singl machin qualiti capac sum replac agama began make profit small profit rose esp eur oper profit esp eur esp eur esp eur turnov esp million eur esp million eur esp million eur end compani sold price obtain public tender procedur privat compani submit tender agama obtain postpon deadlin payment social secur contribut social secur fund resolut june paid interest statutori rate postpon repaid debt monthli instal end june absenc repli spanish author commiss initi procedur provid articl treati express doubt guarante govern balear island loan grant agama la caixa inject govern capit publicli own compani semilla take creditor agama debt financi institut credit institut postpon deadlin repai debt grant social secur fund commiss view spanish author demonstr contrari sum grant agama spanish author constitut state aid ask spanish author number payment made amount involv iii spain comment spanish author repli notifi commiss aid view state aid action privat investor opinion govern balear island manag agama excel result agama notif suspend payment social consequ decis dairi farm island sold milk agama semilla assist inmark sl compani specialis busi manag decid bui agama share implement measur propos inmark sl studi guarante compani viabil april semilla sold share agama granja braut granja son seat sat price slightli paid buyer fail make payment semilla cancel sale contract impos maximum penalti oper produc account loss esp million eur semilla spanish author view costli action privat creditor payment due total esp million eur loss semilla greater cancel contract semilla reacquir agama govern intent restructur compani sell privat sector price achiev satisfactori return decid inject capit agama sharehold inject capit spanish author claim inject capit show govern act privat investor agama obtain loan esp million eur back joint guarante govern balear island loan repaid march period unsecur loan privat financi institut total approxim esp million eur repaid june spanish author order restructur compani commiss consid measur state aid spanish author meet criteria laid commiss restructur aid restor viabil ernest amp young drew restructur plan detail appli full short period agama viabl proof sale agama privat sector end public tender procedur highest tender prevent distort trade product capac definit reduc staff number cut addit agama sold product cost price aid proport cost benefit restructur aid constitut quot de minimi quot plan result surplu liquid compani account aid reduc compani financi charg account show liabil esp million eur addit privat financi institut grant agama loan esp million eur govern guarante restructur plan implement full notifi commiss spanish author constitut state aid complain charg state aid allow agama sell product cost price spanish author submit agama sale invoic prove case time time retail sell cost price part commerci strategi retail concern blame agama studi made averag price agama charg milk shown compani sell cost price govern intervent agama benefit milk produc enabl continu process market milk fact island prevent suppli milk neighbour region competit price postpon deadlin payment social secur contribut grant decis june accord gener regul collect contribut resourc social secur system approv royal decre articl regul postpon repay payment instal debt ow social secur fund statutori repay period enforc payment request debtor financi situat prevent payment debt concern postpon grant request made advanc condit laid rule met social secur fund conclud agreement work advantag order ensur debt paid interest statutori rate paid period postpon iv assess aid articl treati articl regul ec lai articl treati appli product market product list articl regul articl treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market consider amount trade milk spain rest commun measur question affect trade milk member state distort threaten distort competit give agama preferenti treatment aid grant agama period period august april spanish govern interven favour agama publicli own compani semilla paid esp million eur agama debt financi institut institut waiv esp million eur equal agama total debt esp million eur semilla advanc agama esp million eur equal debt ow milk produc waiv total esp million eur ow semilla bought agama share milk produc advantag price esp eur share nomin esp eur share total approxim esp million eur paid esp million eur option share total price esp million eur semilla inject capit esp million eur agama final april semilla sold share agama granja braut granja son seat sat esp million eur govern invest compani govern intervent favour agama period involv financi cost state contrari profit esp million eur made period month invest esp million eur spanish author view govern intervent favour agama compar action privat investor intervent preced viabil studi carri consult result profit govern accord commiss commun member state public author hold compani capit bulletin european commun state aid exist public author contribut fresh capit compani circumst accept privat investor oper normal market condit case financi posit compani structur volum debt normal return dividend capit gain expect reason time capit invest agama financi posit highli compani obtain capit capit market privat compani base decis compani expect profit provid capit commiss opinion point spanish govern intervent produc profit detail forecast viabil studi financi perspect figur simpli measur requir make agama viabl sale compani price appar higher cost intervent oper aid sale subsequ cancel result signific loss govern commiss opinion govern intervent favour agama period august april consid action privat investor state aid mean articl treati commiss consid aid loan grant agama semilla amount esp million esp million inject esp million total aid esp million eur period period purchas agama make initi payment approxim esp million eur encount financi difficulti unabl meet financi commit approxim esp million eur semilla aris sale circumst semilla decid cancel contract recov share agama result loss esp million eur loss greater contract cancel action intend reduc govern loss minimum privat investor face extern difficulti choos costli solut govern recov agama compani face financi difficulti unsuccess sale restructur plan drawn implement involv restructur manag restructur product aim reduc modernis decid inject capit esp million eur govern provid esp million eur remain sum esp million eur obtain convert agama debt semilla equiti capit clear debt approxim esp million eur milk produc esp million eur financi institut creditor waiv part debt concern commiss take view loan grant agama aid convers equiti capit regard aid agama sharehold hold approxim capit inject capit proport govern accord sharehold approxim esp million eur capit inject intend restructur compani order sell privat sector achiev satisfactori return fact compani privat sharehold inject capit condit govern support claim govern act privat investor view small number share held privat sharehold inject capit govern regard state aid assess govern balear island gave guarante loan esp million eur grant agama la caixa financi institut june loan repaid march guarante constitut state aid mean articl treati letter member state sg april commiss state articl treati appli guarante govern letter commiss guarante consid accept mobilis made subject specif condit fix contract includ possibl compulsori declar bankruptci beneficiari enterpris analog procedur govern balear island agre recov agama sum cover guarante call requir regard fulfil postpon deadlin payment contribut grant social secur fund agama obtain postpon deadlin payment social secur contribut paid interest statutori rate postpon repaid debt monthli instal end june gener social secur act postpon repay payment instal arrear social secur contribut surcharg contribut surcharg delai payment levi debt social secur fund payment instal arrear social secur contribut fund act public creditor privat creditor seek recov amount ow order facilit repay reach agreement debtor permit repay instal interest applic type debt offset loss creditor caus debtor delai repai debt interest arrear judgment court justic european commun april case spain commiss inform suppli spanish author social secur fund payment instal debtor submit request advanc econom circumst prevent repai debt condit laid rule fulfil compani cash flow problem receiv term social secur fund accept solut work advantag order ensur recov debt facil payment social secur contribut grant compani discret basi bodi respons collect constitut state aid mean articl treati size econom advantag conced compani obtain compar facil privat creditor situat regard compani judgment court justic june case démenag manutent transport commiss verifi action social secur fund enabl recov total loan instal statutori interest debt paid full june social secur fund act privat creditor act recov debt commiss conclud postpon payment agama debt social secur fund applic statutori interest rate debt constitut state aid mean articl treati derog articl treati derog princip compat laid articl treati articl lai aid facilit develop econom activ econom area advers affect trade extent contrari common interest consid compat common market aid scheme examin assess light subparagraph assess state aid grant rule applic assess state aid govern intervent favour agama period form inject capit take agama debt purchas share period form inject capit provis guarante constitut state aid commiss examin fulfil criteria type aid paragraph commun guidelin state aid rescu restructur firm difficulti forc octob state commiss examin compat common market rescu restructur aid grant breach articl treati basi guidelin forc time aid grant prior introduct guidelin rule applic laid commun guidelin state aid rescu restructur firm difficulti forc public offici journal european commun decemb commiss refer guidelin letter date forc time absenc repli spanish author commiss detail amount aid grant agama date grant aid agama receiv grant letter time aid grant commiss appli agricultur sector analog principl set paragraph eighth report competit polici aid strictli condit implement restructur convers plan long term effect restor competit product concern aid limit strict minimum need compani balanc inevit transit period programm take effect defin period principl quot quot aid quot time time quot exist commiss assess govern intervent favour agama separ point financi difficulti experienc granja braut sa granja son seat sat inabl complet purchas agama fault agama easili foreseen problem assess aid regard govern intervent favour agama extern consult carri viabil studi set measur need implement substanti reduct staff number renegoti compani debt creditor result waiv substanti proport debt inject capit govern measur implement compani regain viabil sold month sum greater cost govern intervent restructur process begun govern intervent involv financi cost govern contrari produc profit esp million eur actual fact govern intervent agama sold esp million eur cost total esp million eur esp million eur interest break loan esp million eur payment debt privat financi institut esp million eur payment debt milk produc inject work capit esp million eur addit esp million eur paid bui share esp million eur purchas option loan regard aid inject capit compani difficult situat loan grant total aid esp million eur aid grant agama govern intervent fulfil commiss criteria type aid time grant regard govern intervent restructur plan implement permit compani achiev long term viabil reason time span demonstr fact compani make small profit increas esp eur number privat investor show interest bui compani final sold highest privat bidder end agama sold publicis uncondit public tender procedur sale involv state aid amount aid strict minimum need compani balanc compani account aid proport cost benefit restructur addit financ invest unconnect restructur reduc excess amount compani financi charg govern contribut restructur plan guarante loan esp million eur obtain compani inject capit esp million eur sharehold compani part capit inject made convert debt esp million eur equiti capit commiss take view loan grant agama aid convers equiti capit regard aid part addit capit inject privat investor esp million agama contribut implement restructur plan mean loan obtain financi institut esp million eur guarante govern esp million eur guarante compani paid loan march june cost restructur agama princip redund payment worker total esp million eur provis work capit pai debt incur owner granja braut sa granja son seat sat govern compani debt amount esp million eur commiss consid total state aid grant agama proport cost restructur compani contribut adequ extent restructur aid grant agama govern intervent fulfil commiss criteria type aid time grant addit point fact territori island prevent milk transport neighbour region competit price govern intervent agama benefit milk produc allow continu process market product territori island agama market product sector surplu capac final stress time aid grant commiss criteria oblig agama measur mitig advers effect aid competitor compani fact make consider cut product capac staff number cut addit document submit spanish author agama sell product cost price conclus commiss conclud spain grant aid question illeg infring articl treati commiss take view aid restructur agama fulfil commiss criteria type aid time grant elig derog provid articl treati aid facilit develop sector concern advers affect trade condit extent contrari common interest adopt decis articl state aid grant spain asociación gener agraria mallorquina sa compat common market articl decis address kingdom spain brussel commiss franz fischler member commiss oj oj footnot oj prejudic natur loan la caixa letter member state sg date april replac commiss notic applic articl ec treati state aid form guarante oj ecr ecr oj oj preced commiss decis eec oj confirm judgment court justic septemb case spain commiss ecr ec oj competit law european commun volum ii rule applic state aid situat decemb