commiss decis june state aid implement germani eisenguss torgelow gmbh 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 fax date decemb german govern inform commiss financi measur assist eisenguss torgelow gmbh egt head offic torgelow mecklenburg western pomerania regist commiss januari aid nn aid grant firm time notif measur regist notifi state aid nn accord articl ec treati commiss request addit inform letter date januari june juli septemb germani repli letter date march juli septemb april august letter date novemb commiss inform germani decid initi procedur laid articl ec treati respect aid case regist germani submit comment receiv januari commiss decis initi formal investig procedur publish offici journal european commun commiss invit interest parti submit comment aid comment interest parti receiv april ii descript egt successor state own gießerei torgelow gmbh gt privatis file bankruptci egt file bankruptci firm activ foundri sector object manufactur process cast produc part engin plant machineri egt employe achiev turnov dem privatis june gt privatis treuhandanstalt tha sold mr helmut schumann dem emploi peopl achiev turnov dem septemb bankrupt restructur bankruptci proceed receiv decid maintain gt concern order seek investor firm germani state potenti investor group investor made offer purchas firm april investor set egt view continu busi gt egt rent asset end contract purchas asset sign august enter forc june price paid asset dem investor neue harzer werk nhw mr dieter brunk saparmet allgemein industri beteiligung und produktionsgesellschaft mbh aip sole sharehold mr dierk behrmann unitool gmbh sole sharehold mr lüpertz inform commiss possess relationship exist investor mr brunk manag director nhw saparmet hold compani control metallwerk harzgerod mwh mr dierk behrmann manag director egt mwh march nhw hold share nhw mwh nhw mwh activ sector egt inform commiss possess nhw undergo restructur employe achiev turnov rang dem million dem million septemb nhw bankrupt mwh employe balanc sheet total dem million dem million achiev turnov dem million dem million signific financi data year gt tabl gt egt declar bankrupt bankruptci proceed firm maintain concern asset sold investor chl handel und projektierungsgesellschaft mbh chl germani link bankrupt firm germani state main criterion sale purchas price chl oper busi eisengießerei torgelow gmbh submit offer restructur restructur period last restructur plan egt concentr nich market product small volum custom made cast order avoid depend segment custom egt turnov deriv segment custom egt cooper close investor intent sale increas germani increas plan restructur cost gt tabl gt rescu restructur aid aid grant view rescu gt restructur egt gt tabl gt financi contribut sourc initi inform provid germani financ restructur includ contribut recipi firm extern commerci sourc financ purchas price dem sharehold loan total dem guarante provid deutsch bank ag deutsch bank dem credit line dem erp loan refinanc kfw measur dem grant juli bridg loan dem grant deutsch bank juli june pend payment public invest allow loan amount dem grant deutsch bank august refinanc kfw month measur partial wage cut accept workforc amount dem cash flow dem financi contribut made deutsch bank secur public guarante measur collater provid recipi firm investor includ mortgag egt dem million transfer ownership machineri secur equip stock assign claim person guarante decis initi proceed articl ec treati decis initi formal investig procedur egt consid recipi rescu aid origin grant predecessor liquid gießerei torgelow actual purpos aid make egt format subsequ restructur addition refinanc deutsch bank loan dem kfw measur assum constitut aid measur grant public bodi term privat investor found unaccept question compat aid common market commiss wonder group compani consist egt nhw mwh egt integr consid aid recipi compani relat influenc investor exert mutual cooper recipi larger undertak measur supposedli grant approv scheme kfw refinanc loan amount dem measur dem measur invest grant ga mittel amount dem measur invest allow dem measur compli condit scheme question maximum aid intens admiss invest grant cumul aid ceil observ aid paid time devis restructur plan bridg gap restructur aid grant rescu loan partial reimburs month disburs month restructur begun aid grant firm difficulti doubt egt consid sole recipi restructur aid restructur plan capabl restor firm viabil plan provid cooper nhw investor compani declar bankrupt continu difficulti ii doubt plan alloc resourc segment sector implement part restructur iii question plan base realist assumpt aid limit minimum need enabl restructur undertaken contribut recipi resourc extern financ amount commiss view dem restructur cost commiss doubt aid grant complianc criteria commun guidelin state aid rescu restructur firm difficulti iii comment germani respons decis initi formal investig procedur germani state egt fulfil criteria commiss recommend ec april definit small medium size enterpris possess share compani compani individu exercis influenc exceed egt capit vote right addition egt nhw mwh independ compani complet separ financ product suppli relationship egt mhw account egt aggreg turnov respect rescu aid germani point loan grant fulli reimburs delai repay due fact reimburs proce sale egt bankrupt predecessor gt respect refinanc deutsch bank loan dem kfw measur germani opinion fact deutsch bank enter commit show judg fallback risk reason contribut consid extern financ question restructur plan capabl restor egt viabil state relationship nhw plan minor import fact custom base spread major custom account egt turnov state plan base detail custom turnov plan order increas steadili respect contribut aid recipi resourc extern financ germani state provis capit investor made capit inject dem loan dem loan deutsch bank dem pre financ public loan subsequ grant consid extern financ cash flow contribut aid recipi claim amount guarante investor financ gener firm germani case egt investor increas capit dem guarante provid deutsch bank credit line dem independ public fallback guarante consid extern financ loan secur privat collater prior fallback guarante germani point interest rate fix adjust amount end interest rate calcul interest subsidi contain dem loan deutsch bank establish light firm situat restructur prospect recoveri lastli germani provid addit inform applic scheme ow larger invest amp measur restructur cost higher origin estim fact amount dem iv comment interest parti eisengießerei torgelow gmbh firm call submit comment aid state learn sale asset offici notic quot frankfurt allgemein zeitung quot quot handelsblatt quot studi call tender decid submit bid tender procedur bidder part assess aid articl ec treati declar aid grant state resourc distort threaten distort competit favour undertak incompat common market affect trade member state state aid articl ec treati appli financi measur made germani recipi firm measur involv confer econom benefit undertak receiv commerci sourc measur constitut aid natur aid distort competit natur assist exist intra commun trade sector recipi firm activ financi measur grant fall scope articl respect aid allegedli grant approv scheme commiss point scheme concern assess decis commiss decid egt regard small medium size firm rescu aid dem measur restructur grant dem measur measur obtain firm difficulti term commerci sourc consid ad hoc aid present decis respect deutsch bank loan dem note full amount refinanc kfw bore fallback risk amount dem measur refinanc fall approv aid scheme assess decis remain amount dem measur loan cover scheme fallback risk dem relat refinanc part scheme consid ad hoc aid receiv aid egt firm difficulti receiv assist commerci sourc contrari germani opinion express respons decis initi formal investig procedur commiss take view egt receiv loan deutsch bank public refinanc deutsch bank decis grant loan independ risk assess account public refinanc contrari germani suggest assess deutsch bank contribut part plan conclus drawn interest rate fact result public refinanc loan differ actual cost cost market rate consid ad hoc aid imposs compar condit actual market condit prevail time commiss refer rate basi accord commiss notic method set refer discount rate loan grant refer rate basi comparison market condit interest rate result commiss consid amount repres differ interest rate dem ad hoc aid restructur commiss note germani fail discharg oblig articl ec treati formal point view aid unlaw declar compat common market condit derog provid articl ec treati satisfi derog articl ec treati measur fall articl ec treati constitut exist aid gener incompat common market derog provid articl applic germani claim aid satisfi condit articl obviou fact case provis appli aid question assess light articl treati confer commiss discret authoris state aid circumst derog refer articl invok present case relev articl empow commiss authoris state aid intend promot econom develop area standard live abnorm low underemploy land mecklenburg western pomerania fall provis present case main purpos aid promot develop econom sector econom develop area restructur aid grant accord submit restructur plan assess articl ec treati articl guidelin state aid rescu restructur firm difficulti guidelin commiss laid detail precondit favour exercis discret articl treati pursuant point guidelin commiss examin compat notifi aid basi guidelin aid grant public offici journal european commun plan restructur egt drawn aid examin grant guidelin appli measur question rescu aid respect time limit reimburs rescu aid measur exceed commiss note germani comment express respons decis initi formal investig procedur effect rescu aid fulli reimburs delai repay due effect proce sale egt bankrupt predecessor gt keep previou practic similar case commiss consid condit grant rescu aid met restructur aid commiss point materi time assess restructur aid guidelin time restructur plan drawn measur fallback guarante interest subsidi relat measur assess ad hoc aid restructur decis initi formal investig procedur commiss express doubt condit laid guidelin authoris rescu aid met elig firm light inform effect egt part larger econom unit commiss note doubt egt consid firm difficulti remov restor viabil doubt restructur plan capabl restor egt viabil commiss note germani comment effect custom base spread custom relationship nhw minor import assert plan base detail custom turnov plan remov basic doubt plan base realist assumpt commiss opinion plan larg increas sale profit correspond market data sector market analysi unrealist germani egt sale project increas data contain market analysi sale foundri sector subseg engin transmiss part fact decreas point rais decis initi formal investig procedur inform submit germani explain sale egt improv face forecast trend market subseg egt activ note inform submit personnel cost employe increas significantli background threaten viabil plan commiss consid plan capabl restor firm viabil conclus born fact firm file bankruptci aid limit minimum guidelin requir aid recipi make signific contribut restructur plan resourc extern financ market condit restructur cost amount dem commiss note latest inform submit germani recipi contribut resourc extern financ amount dem broken gt tabl gt note tabl round figur arithmet correct regard contribut germani view consid contribut recipi resourc extern financ commiss reiter view express decis initi formal investig procedur account contribut recipi view fact latest inform recipi contribut resourc extern financ significantli higher preliminari assess commiss conclud initi doubt recipi make signific contribut restructur remov vi conclus commiss find germani implement aid question breach articl ec treati basi assess commiss conclud ad hoc aid restructur incompat common market fulfil condit set guidelin adopt decis articl aid germani implement eisenguss torgelow gmbh torgelow mecklenburg western pomerania form dem eur grant dem eur fallback guarante provid kreditanstalt für wiederaufbau respect dem eur loan provid deutsch bank ag interest subsidi loan 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 footnot nhw receiv aid regist commiss nn formal investig procedur initi oj oj oj commiss decis eec cematex oj