commiss decis juli aid grant compagni générale maritim context restructur plan french text authent text eea relev ec commiss european commun regard treati establish european commun paragraph articl thereof regard agreement european econom area articl thereof parti concern notic accord abovement articl submit comment regard comment fact commiss learn press report begin juli french author grant aid total ff million state own ship compani compagni générale maritim cgm parent compani compagni générale maritim financièr cgmf letter august commiss ask french author provid inform situat justif sum aid paid offici bilater meet exchang correspond fail provid comprehens answer novemb french author advis commiss cgm acceler restructur plan decid withdraw liner servic east return french govern grant addit aid ff million repeat assur french author provid justif aid succe allai commiss doubt compat common market decis octob commiss decid initi procedur provid articl ec treati french govern procedur extend decis decemb includ addit amount aid french govern notifi commiss investig decis publish offici journal februari result public comment receiv unit kingdom govern compani compet cgm french west indi rout partner cgm consortium provid servic island indian ocean french author submit comment inform write bilater meet recent held juli ii cgm primarili oper liner ship servic highli competit intern environ involv major ship line member state countri end cgm develop global strategi provid independ east west contain servic invest commerci logist inform technolog area improv product freight rate drop oper return suffici cover develop cost guidelin commiss recogn situat prolong recess worsen level indebted increasingli heavi oper loss cgm began restructur process agre sharehold french author outlin coher physic financi restructur polici restor compani viabil withdrew loss make north american servic adopt restructur plan approv french author octob propos area action reduct debt sale asset includ share real estat juli cgm surrend interest subsidiari group sold real estat vessel ii structur improv effici reduc cost cgm set subsidiari partnership improv commerci effici make account transpar decemb creat subsidiari began oper separ ship subsidiari made respons liner servic cgm sud cover latin american servic cgm orient cover eastern servic cgm tour du mond cover servic europ island pacif american asian port cgm agenc le havr marseil bordeaux dunkirk convert handl subsidiari cgm sought partner oper schedul servic port agenc cgm withdrawn loss make servic includ north america east annual turnov reduc ff million ff million iii reduct fleet personnel oper cost cgm fleet flag kerguelen regist taaf french southern antarct territori enabl compani make save order ff million year staff reduc end end job loss affect seafar compani administr staff cgm fleet reduc vessel end compani expect vessel oper cgm charter iii french author confirm date restructur plan cost total ff million made cgm instal commiss author propos pai ff million amount ff million transfer leas build occupi regist offic cgm final instal ff million paid june cgm cashflow problem debt paid immedi aid link measur cgm restructur plan gt tabl gt iv initi procedur commiss list princip question consid remain unansw aid grant distribut detail restructur plan context programm state support viabil restor french author intend complet privat cgm procedur extend includ measur french author intend give capit inject ff million ecu million cgmf parent compani cgm subscrib increas capit cgm provis made cgmf regist offic cgm stress french author bilater meet novemb addit capit inject form part restructur cgm undertak intend facilit switch public privat sector author amount inject determin basi element deal cgm debt order achiev financi structur enabl undertak return viabil profit need transfer privat sector prior transfer cgmf build partli occupi regist offic cgm leas order meet expect potenti purchas meet commiss obtain clarif detail timet plan privat procedur procedur began cgm includ list compani privat law juli object transfer cgm privat sector french govern stress initi privat procedur earliest opportun public call bid choic purchas condit transfer determin agreement french privat commiss aim pursu govern transfer cgm share held cgmf transfer cgm separ purchas port handl activ continent franc give cgm privat share ownership enabl develop normal commerci strategi state discrimin kind potenti purchas ground nation interest parti submit comment state aid cgm pursuant procedur set articl treati unit kingdom govern unit kingdom govern welcom decis initi procedur state aid subsid ineffici oper protect cgm market forc distort competit undertak establish eu uk author agre commiss assess design show restructur plan inadequ fail envisag point viabil cgm restor argu state aid allow cgm cut rate oper cost order elimin competit french west indi rout competit elimin cgm immedi increas rate unit kingdom govern highlight number point rais investig conduct commiss conclud french govern act market investor fulli evalu option aid declar incompat common market ii competitor cgm west indi rout competitor cgm west indi rout report behaviour cgm claim anti competit commiss offici respons found proof behaviour predatori price led cgm offer rate averag variabl cost iii competitor cgm indian ocean rout competitor cgm indian ocean rout consid highli competit market grant aid cover oper loss protect cgm market forc cgm author aid move market remain exist market forc withdraw aid concern situat southern indian ocean consortium recent disappear competitor withdrawn suggest cgm decis continu oper servic entail signific invest agenc staff vessel iv repli french author french author repli comment insist aid paid paid futur part plan restructur privat compani french author made comment specif point rais regard servic french west indi french author state aid paid time stage restructur process complet cgm appli rate allow oper cost servic profit year increas freight rate april made increas demand improv qualiti servic provid cgm regard indian ocean trade french author stress consortium question made profit servic recent reorgan financ jointli compani profit expect futur market develop steadili decad teu ten year french author cgm ship capac charter parti staff requir oper servic econom present circumst restrict cgm vi commiss issu call tender select consult evalu financi structur cgm econom proportion aid packag envisag french govern consult examin relev document made french author complain question manageri staff final report conclud payment made staff reduct plan conform similar major restructur oper level indebted end lower level ff million ff million ff million reduct exce aid grant purpos ff million impli reduc debt burden fundament compon cgm restructur strategi cost alloc withdraw servic realist cgm profit futur total capit inject propos consid viabl legal assess vii articl treati state aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market order compat common market aid question cover except articl except articl aid facilit develop econom activ aid advers affect trade condit extent contrari common interest document set guidelin state aid commun ship compani reorgan compani difficulti elabor measur context relat cgm aid packag guidelin examin state aid commun ship compani recogn prolong recess world trade excess ship capac caus problem commun fleet problem due tax employ rule commun oper bound includ incom tax social secur payment seafar compani tax aid consid accept help support develop commun fleet notion common interest defin term keep vessel commun flag keep high proport commun seafar board vessel time aid proport object sought commiss ceil set base record differ oper cost vessel fly commun flag commun vessel aid transpar provision prefer degress guidelin type aid commiss author oper aid consid common interest commun inter alia directli link restructur plan consid compat common market compat restructur plan common market evalu basi commiss gener approach reorgan compani difficulti commiss guidelin lai number condit connect met restor long term viabil avoid undu distort competit aid aid proport restructur cost benefit full implement restructur plan observ condit monitor commiss annual report viii initi procedur commiss state stage requir french author demonstr aid form essenti part complet restructur plan design restor viabil staff cut clear coordin strategi develop restor viabil gener aid grant respons awkward financi posit compani found tool develop improv econom perform fact aid protect cgm market forc compani problem deriv manag decis strategi adopt overcapac rout servic north america east cgm make heavi loss weak dollar result higher level debt level ff million rose ff million end wipe oper revenu plan restructur cgm prepar french author identifi area cost reduc envisag gradual withdraw compani loss make activ gradual sale asset reduct staff capac aim nation author privat compani autumn consid market condit favour view number declar interest assess correct altern state support lead restructur cgm liquid compani polit reason french author option ix common interest commun main question aid cgm grant aid common interest ship common interest serv measur design vessel fly commun flag emploi high proport commun seafar board vessel date subsidi allow cgm continu oper vessel french flag continu emploi commun seafar addit restructur aid satisfi number condit restor long term viabil restructur plan make restor long term viabil reason timescal basi realist assumpt improv viabil result intern measur contain restructur plan involv abandon structur loss make activ cgm consider reduc oper turnov staff capac period concentr main profit activ french author origin calcul loss ff million revis estim ff million loss ff million profit turnov ff million estim futur put profit ff ff million ff ff million cgm continu oper present improv profit result gradual reduct cost emploi seafar agreement sign trade union end expir seafar cgm vessel gradual replac cheaper foreign sailor manag head offic agenc assumpt purchas maintain cgm organ area administr duplic compani expect return load banana french west indi rout lower debt burden requir wipe success privat enabl compani oper profit cgm made sizeabl contribut restructur monei sale asset ff million aid physic financi restructur cgm instal concentr social aspect commerci activ essenti asset compani instal aid complet financi restructur process leav compani debt burden similar compani sector reduc accept manner normal oper oecd forecast predict growth world trade order capac ship rout investig carri independ consult show cgm oper sector compani benefit develop earli earlier basi present forecast cgm make profit conclud aid restor compani viabil ii avoid undu distort competit aid condit aid restructur measur offset advers effect competitor import excess product capac relev market european commun serv recipi hand structur excess product capac commiss requir reduct capac return aid aid purpos restor firm viabil enabl recipi expand product capac implement restructur plan connect independ consult confirm princip activ cgm french west indi rout banana trade french oversea interest oversea depart territori includ island indian ocean pacif restructur compani cover concept common interest partli cgm withdrawn servic excess capac partli privat compani face normal market pressur commerci strategi fulli meet market condit proof structur capac rout oper cgm regard specif complaint made west indi rout commiss suffici proof conduct formal inquiri alleg anti competit behaviour pursuant articl treati abus domin posit aid encourag develop market commiss consider fact cgm involv ship link island member consortium commiss impos condit ensur cgm final instal aid develop loss make activ rout iii aid proport restructur cost benefit amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view aid beneficiari expect make signific contribut restructur plan resourc compani provid surplu cash aggress market distort activ aid grant minimum requir restor cgm posit viabil profit compat transfer privat sector grant order meet real cgm meet object set restructur confirm total aid amount envisag french govern minimum requir restor cgm viabil propos privat aid compani adequ financi structur give cash surplu mention cgm revenu sale asset total ff million restructur process aid provision grant period aid envisag privat iv full implement restructur plan observ condit full restructur plan adopt compani plan restor viabil adopt specif measur plan implement viabil restor commiss impos condit plan approv monitor commiss mean annual report progress restructur plan monitor commiss end report commiss februari latest conclus amount aid ff million paid amount estim ff million envisag compani privat present plan total amount ff million instal ff million paid june settl press debt addit french author pai ff million transfer cgmf build cgm regist offic leas evalu account slump real estat price oper neutral impact cgm shown aid result distort competit extent contrari common interest shown state aid support radic restructur scheme help restor viabil commun ship compani emploi commun seafar addit french author undertaken ensur transpar cgm privat procedur xi gener consider gener point commiss emphas pursuant articl treati prior inform oper involv element state aid member state requir put state aid measur effect commiss final decis commiss regret french govern compli provis articl respect aid grant cgm illeg adopt decis articl restructur aid grant cgm form capit inject period unlaw grant breach provis articl treati aid consid compat common market pursuant articl treati provid french govern compli commit condit set paragraph articl addit restructur aid paid cgm form capit inject consid compat common market pursuant articl treati provid french govern compli commit condit set paragraph articl french author compli condit commit privat complet cgm confin oper current servic privat complet cgm confin indian ocean concern oper capac scale compar consortium teu direct annual french author submit report commiss privat februari latest report give detail servic oper cgm transport capac servic oper revenu commiss check aid support aggress behaviour market loss make activ report includ detail procedur lead privat commiss check financi object set compani met privat complet cgm appli rate servic fulli cover addit oper cost report submit includ detail oper return servic oper cgm vessel mean charter agreement date privat complet aid grant cgm aid grant physic financi restructur compani cgm restructur plan implement entireti agre commiss articl decis address french republ brussel juli commiss neil kinnock member commiss commiss decis oj commiss decis oj financi fiscal measur ship oper ship regist commun doc sec final august commun guidelin state aid rescu restructur firm difficulti oj