commiss decis juli aid grant grant itali keller spa keller meccanica spa notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof notic parti concern accord articl submit comment letter date april italian govern notifi commiss intent grant state guarante articl law keller spa keller meccanica spa declar insolv extraordinari administr arrang compani part gruppo keller manufactur roll stock keller spa parent compani base sicili emploi peopl keller meccanica spa control keller spa base sardinia emploi peopl accord law extraordinari administr appoint draw recoveri programm compani programm approv ministeri decre decemb envisag measur complet exist order mean return compani viabil view find purchas altern compani wound implement measur delai difficulti find requir financ financ obtain compani keller spa receiv itl million soft loan irfi mediocredito della sicilia keller meccanica spa obtain itl million soft loan società finanziaria industrial rinascita sardegna sfir spa loan grant interest rate lower refer rate itali ii februari view unsatisfactori inform provid italian author doubt measur notifi commiss decid initi proceed articl respect itl million soft loan grant irfi mediocredito della sicilia spa keller spa annual interest rate itl million soft loan grant società finanziaria industrial rinascita sardegna sfir spa keller meccanica spa annual interest rate propos state guarante keller spa keller meccanica spa articl law cover loan time commiss measur includ recoveri programm restructur measur condit laid commun guidelin state aid rescu restructur firm difficulti met absenc feasibl coher reach plan restor firm long term viabil soft loan grant breach oblig laid articl ec treati inform commiss plan grant alter aid iii letter date march italian author inform commiss decis initi proceed articl respect measur copi letter publish offici journal european commun commiss receiv observ parti proceed italian author repli initi proceed state regard aid grant keller spa region sicili repli itl million soft loan grant april cover region law concern aid scheme approv commiss law notifi commiss march subsequ modifi region law extend benefit scheme compani extraordinari administr arrang contrari commiss initi proceed loan grant region law region law sicilian author commun intent grant state guarante keller spa regard aid grant keller meccanica spa region sardinia maintain itl million soft loan cover region law concern aid scheme approv commiss adapt subsequ order updat criteria laid bring line current econom condit sardinian author made refer propos state guarante keller meccanica spa italian sardinian author explain restructur plan cover year period allow continu busi law plan aim sole secur complet exist order sale compani parti expiri period liquid june meet held sardinian author stress de facto link keller meccanica spa keller spa regard soft loan grant region law keller meccanica spa sardinian author reiter condit commiss authoris aid scheme updat line definit sme commiss commun guidelin state aid sme meet sardinian author undertook notifi amend made region law submit restructur plan keller meccanica spa mention possibl grant state guarante keller meccanica spa januari remind commiss italian author addit inform compani confirm state guarante notifi law grant compani implement recoveri plan approv sale parti complet june relev procedur start view longer send restructur plan commiss announc withdraw notif state guarante articl law italian author enclos document region sardinia state amend aid scheme cover loan grant keller meccanica spa notifi jointli amend approv polit reason repeat sole aim amend updat criteria laid origin scheme notif pursuant articl ec treati commiss simpli inform amend question letter date januari iv state guarante pursuant law propos guarante italian treasuri keller spa keller meccanica spa law notifi commiss pursuant articl ec treati commiss consid italian author compli oblig laid articl letter date januari italian author confirm commiss state guarante grant withdrew notif commiss termin proceed articl respect guarante itl million soft loan grant keller spa initi proceed commiss state italian author previous confirm loan grant april region law region sicili extend benefit articl region law compani extraordinari administr arrang measur articl region law approv commiss state aid nn itali region law amend region law commiss consid part origin scheme examin state aid nn itali state comment initi proceed italian author claim itl million soft loan grant keller spa grant region law region law fact agreement irfi mediocredito della sicilia keller spa extraordinari administr arrang sign decemb dai deadlin fix commiss decis region aid scheme provid region law amend region law italian author order verifi measur compli scheme date consider date legal complet act allow payment date actual payment soft loan interpret confirm commiss letter date januari date consider soft loan grant region law adopt region time region law italian author provid grant addit state aid simpli confirm expressli compani extraordinari administr arrang benefit measur laid region law word region law simpli clarifi interpret region law author add italian law preclud compani extraordinari administr arrang obtain financ current oper region law region law prohibit soft loan compani extraordinari administr arrang commiss take view argument put forward italian author contradict inform previous letter date septemb forward commiss letter italian perman repres offic date decemb region sicili state region law extend benefit region law compani extraordinari administr arrang letter date april forward commiss letter italian perman repres offic date region sicili state region law design permit implement previous agre oper region law applic compani extraordinari administr arrang pursuant articl law born fact italian author decid march notifi commiss pursuant articl ec treati amend provid region law case commiss consid region law appli retroact commiss posit commun italian author letter confirm amend introduc articl region law extens scheme compani extraordinari administr arrang pursuant law constitut alter exist scheme pursuant articl ec treati notifi approv commiss time compani keller spa benefit aid scheme question region law conclus soft loan grant keller spa extraordinari administr arrang part scheme receiv aid scheme question authoris aid form soft loan cover total contract price order obtain compani oper sicili constitut oper aid commiss decid limit approv itl million budget time loan made decemb addit soft loan grant adopt amend authoris commiss posit amend aid element involv soft loan consid illeg grant scope approv scheme breach oblig impos member state articl ec treati inform commiss plan grant alter aid suffici time enabl submit comment commiss aid question individu measur cover approv scheme compani difficulti italian author defin propos state guarante part loan restructur aid loan assess light commun guidelin state aid rescu restructur firm difficulti itl million soft loan grant keller meccanica spa similar conclus point appli itl million soft loan grant società finanziaria industrial rinascita sardegna sfir spa keller meccanica spa initi proceed commiss note soft loan meet condit commiss base approv aid scheme state aid itali size beneficiari aid scheme approv commiss stipul beneficiari limit firm itl million fix asset maximum employe inform provid italian author proceed initi keller meccanica spa employe total itl million fix asset comment initi proceed italian author point commiss wrong identifi maximum number employe dimension criterion view commiss approv measur provid region law fix maximum aid person ecu ecu basi employe order determin maximum aid firm actual number employe addit strict limit employe fix commiss consist commiss definit sme employe result larg number sme qualifi measur question italian author claim commiss consid subsequ amend scheme keller meccanica spa elig receiv aid scheme simpli updat criteria fix asset aid person thing stand origin dimension criterion itl million fix asset insuffici averag size craft enterpris qualifi account steadi loss purchas power lira criteria cautious revis upward note extent revis fall short declin lira period calcul istat soft loan keller meccanica spa commiss consid elig criteria set decis state aid itali letter italian author inform commiss decis explicitli state commiss note limit set size beneficiari compani maximum employe itl million fix asset limit employe understood dimension criterion maximum limit italian author thought commiss decis reflect mean notifi scheme challeng court justic european commun prescrib time limit decis final irrevoc approv scheme provid mechan adjust aid criteria elig beneficiari subsequ amend substanti notifi commiss pursuant articl ec treati notif soft loan grant keller meccanica deem cover commiss approv origin scheme inform provid italian author justifi chang posit commiss initi proceed loan meet condit commiss base approv aid scheme size beneficiari itl million soft loan keller meccanica spa grant scope approv scheme commiss individu measur cover approv scheme compani difficulti loan assess light commun guidelin state aid rescu restructur firm difficulti interest rebat soft loan keller spa keller meccanica spa consid state aid mean articl ec treati ad proceed italian author contest case interest rebat constitut aid request specif derog simpli observ soft loan grant region aid scheme approv commiss commun guidelin state aid rescu restructur firm difficulti stipul natur aid distort competit affect trade member state confirm situat sector compani oper roll stock sector includ manufactur railwai urban rail transport equip period stagnat mid late rapid growth demand slight declin product consumpt product plummet consumpt fall level demand sector concentr small number custom nation region railwai compani urban transport compani privat rental leas compani industri roll stock demand roll stock depend long term transport infrastructur polici turn influenc polit econom climat market compris small number custom larg project aris infrequ gener year competit supplier remain fierc roll stock manufactur time lag make contract crucial experi acquir economi scale obtain win contract critic determin strength manufactur bid contract decad cross relianc railwai supplier creat excess product capac partial absorb export eu countri past cross border order countri indigen roll stock manufactur except netherland spain recent unit kingdom access individu supplier nation market achiev process acquisit part ownership consortium implement council direct eec public procur previous exclud market includ transport amend direct ec creat busi opportun european supplier year restrict access nation market greater separ manag railwai infrastructur oper rail transport servic provid council direct eec develop commun railwai increas trend cross border purchas intra commun trade roll stock amount ecu billion ecu billion ecu billion ecu billion itali share total gt tabl gt note italian author keller spa export germani roll stock worth itl million itl million itl million vi italian author propos state guarante part soft loan keller spa keller meccanica spa restructur aid loan consid financi aid restructur aid element involv loan regard rescu aid authoris commun guidelin state aid rescu restructur firm difficulti meet condit laid guidelin grant time need devis feasibl recoveri plan case commiss examin restructur plan period rescu aid authoris expir favour extens rescu aid complet examin case aid design compani complet exist order period forecast complet month durat loan month rescu aid approv explain plan submit concern complet order view restructur plan capabl restor firm long term viabil commun guidelin state aid rescu restructur firm difficulti stipul restructur aid gener speak allow circumst demonstr approv restructur aid commun interest strict criteria fulfil account distort effect aid commiss approv aid restructur plan satisfi gener condit restor long term viabil firm reason timescal basi realist assumpt futur oper condit restructur aid link viabl restructur recoveri programm submit relev detail commiss avoid undu distort competit caus aid aid proport restructur cost benefit fulli implement detail annual report commiss case keller spa keller meccanica spa italian author submit recoveri programm aim complet exist order return compani econom financi viabil addit imposs order accept depend progress complet order hand measur envisag recoveri programm includ renov product plant modernis machineri gear end financi plan present commiss keller spa forecast profit itl million order complet case keller meccanica spa profit forecast itl million time proceed initi compani order commiss conclud restructur plan firm render econom financi viabl long term exist order complet forecast profit suffici cover compani past loss comment initi proceed italian author outlin special natur provis law point purpos extraordinari administr arrang insolv compani continu activ possibl recoveri view transfer viabl asset privat parti clear recoveri programm cover period longer durat extraordinari administr arrang maximum year decis futur compani period privat purchas addit sardinian author explain extraordinari administr arrang initi administr case keller meccanica spa structur natur aim complet order letter date januari italian author inform commiss start procedur sell plant keller spa keller meccanica spa element made unnecessari forward restructur plan basi inform commiss alter preliminari conclus recoveri programm establish extraordinari administr keller spa keller meccanica spa law constitut simpli financi plan aim complet order hand time law appli recoveri programm regard restructur plan mean commun guidelin state aid rescu restructur firm difficulti constitut feasibl coher reach plan restor firm long term econom financi viabil fulfil viabil criterion restructur plan consid capabl enabl compani cover cost includ depreci tax charg gener minimum return capit complet restructur firm requir inject state aid compet market merit case aim measur compani oper limit transit period privat purchas found italian author admit initi ensur firm futur viabil potenti privat purchas expiri extraordinari administr arrang conclud import condit laid commun guidelin restructur plan restor firm long term econom financi viabil met requir aid unduli distort competit met transit period compani oper artifici detriment aid competitor sector addit imposs compani obtain order aid element itl million soft loan grant keller spa itl million soft loan grant keller meccanica spa qualifi derog articl basi exempt aid rescu restructur firm difficulti derog articl applic aid aim promot econom develop area standard live abnorm low ad compani privatis end year period extraordinari administr arrang commiss reach conclus reason explain obviat commiss adopt posit measur transit period extraordinari administr arrang assess merit independ sale fact compani subject extraordinari administr arrang affect commiss conclus previou state aid case state aid ferdofin srl commiss view aid measur grant ferdofin law constitut state aid measur law aim compani largest employe procedur subject discret public author absenc genuin restructur plan commiss termin case order aid grant ferdofin italian author repaid line decis commiss adopt posit case similar characterist present vii aid element calcul differ interest rate charg compani refer rate calcul net grant equival region aid itali aid element itl million soft loan grant keller spa itl million soft loan grant keller meccanica spa conclud interest rebat amount itl million soft loan grant keller spa itl million soft loan grant keller meccanica spa declar illeg incompat common market aid grant illeg found incompat common market articl ec treati commiss requir member state recov recipi court justic confirm judgment case commiss germani deufil commiss commiss germani italian author request step recov illeg incompat aid adopt decis articl condit soft loan itl million itl million grant keller spa keller meccanica spa accord condit laid region aid scheme approv commiss loan grant commiss submit comment subsequ alter scheme accord articl ec treati articl aid form interest rebat amount itl million keller spa itl million keller meccanica spa illeg aid qualifi exempt laid articl ec treati articl eea agreement incompat common market mean articl ec treati articl eea agreement articl itali step recov illeg aid refer articl repay made accord procedur provis italian law amount repaid bear interest date aid grant date effect repaid interest calcul basi refer rate calcul net grant equival region aid applic itali date repay articl itali inform commiss month date notif decis measur compli articl decis address republ itali brussel juli commiss karel van miert member commiss oj oj oj panorama eu industri european commiss oj oj oj eurostat intra european union statist oj ecr ecr ecr