commiss decis octob aid grant franc thomson sa thomson multimedia french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof accord abovement articl interest parti notic submit observ initi proceed articl treati letter date februari commiss inform french author decis initi proceed articl ec treati respect measur assist thomson sa thomson multimedia measur includ recapitalis thomson sa parent public group thomson notifi french author octob amount frf billion letter decemb commiss financ minist mr arthui state plan recapitalis thomson sa essenti benefit consum electron subsidiari thomson multimedia affect larg subsidiari thomson csf industri electron group present defenc sector french author undertook privatis rapidli thomson multimedia lead consum electron group experienc seri shortfal year earli result accumul loss total group capit commiss view accord principl privat investor oper market economi appli case absenc stage financi forecast indic invest capit yield return market rate privat investor recapitalis compani conclud measur question element state aid compat measur treati consid exempt provid articl intend assist firm difficulti compat assess commun guidelin rescu restructur aid firm difficulti basi commiss ask french author notic initi proceed submit restructur plan thomson multimedia establish viabil firm notic concern transfer state share crédit lyonnai held thomson sa price aid element commiss examin price share crédit lyonnai cl held thomson sa cl capit repurchas state agreement date frf share rememb crédit lyonnai ordinari share quot stock exchang underli secur refer valuat transact invest certif ic tradition share greater pariti rate premium compar ic ic carri vote right commiss question level os ordinari share premium ic transact consid rate ic rate decemb frf justifi transact conclud sharp fall ic frf loss commiss consid measur question element aid compat treati determin procedur articl treati ii background notifi measur thomson worldwid electron group present consum industri electron industri defenc industri state major hold parent compani thomson sa franc telecom public enterpris hold remain held minor sharehold thomson sa wholli own thomson multimedia entiti combin consum electron activ hold major stake thomson csf head industri electron busi achiev larg proport turnov militari defenc sector remain share thomson csf held member public quot stock exchang worth note thomson group major sharehold crédit lyonnai stake own hold compani thomson sa thomson multimedia thomson consum electron compris fifti compani consum electron industri fourth largest group field world europ thomson multimedia acquir manufactur rca gener electr market leader market end group emploi person turn frf billion product market varieti name thomson rca ge proscan telefunken ferguson nordmend saba acknowledg technolog group suffer inadequ industri competit essenti product plant wide scatter time trade posit europ erod market reach matur lead produc engag price war group industri commerci fragil caus consider loss gener excess frf billion year higher capit complet loss group net posit neg reach frf billion restructur measur wholli inadequ restor profit circumst vigor restructur accompani recapitalis group wound thomson multimedia surviv abil borrow parent thomson sa act banker grow recours indebted total frf billion end resolv structur crisi contrari aggrav postpon effect place increasingli heavi financi burden firm parent thomson sa affect posit subsidiari thomson multimedia manufactur base act pure financi hold compani group capit fell ow aggreg loss subsidiari frf billion frf billion end make recapitalis wind commiss stress notic initi proceed public sharehold mobilis consider capit thomson final lost access loan market group capit neg compani wound iii repli french author letter date march french author provid commiss restructur plan thomson multimedia request commiss justif measur object commiss proceed articl treati repli addit question commiss april letter date septemb transfer state crédit lyonnai share held thomson sa repli franc emphasis point cl share quot stock exchang repurchas state thomson sa basi premium rate crédit lyonnai invest certif decemb french author justifi increas close thomson account definit transact irrevoc commit bui basi provis loss incur thomson sale share enter account french author point price arriv direct negoti parti base refer valu addit ic includ price earn ratio relat net asset cl share basi transfer price frf share amount decemb compar averag compar french bank point crédit lyonnai capit increas septemb juli carri higher price frf frf share albeit circumst alter franc consid ic share premium relationship frf ic rate frf decemb lower premium appli transact refer premium appli compar firm letter septemb french author stress whilst ic rate frf dai transact conclud frf april agreement conclud state thomson frf april dai transact made public ii recapitalis thomson sa thomson multimedia letter date march commiss french author commun restructur plan thomson multimedia period plan cover number aspect relat restor firm viabil reduct debt financi charg recapitalis thomson multimedia involv entir amount inject thomson sa frf million frf billion earmark thomson sa full restructur balanc sheet debt reduc frf billion group net posit neg present return level frf billion recapitalis ratio cpaital debt return thomson multimedia reduc indebted achiev save financi charg hundr million french franc year net financi charg frf million return level high frf million give save frf million recoveri revenu intellectu properti thomson purchas rca gener electr ge waiv revenu patent licenc decemb waiver cover patent acquir ge regist thomson multimedia word bulk current revenu intellectu properti subsidiari hold patent rcatl produc net incom unit state frf author impact revenu return thomson multimedia estim frf million restructur plan reduct group workforc period plan involv shut industri plant world amp unit commerci unit larg cutback sale forc total person affect measur chiefli affect unit state reloc north american product mexico asia reloc singapor thailand malaysia philippin europ product reorganis amp activ strasbourg transfer renn plant belong group germani shut product transfer anger franc activ shift anger tarancón spain tarancón poland factori built aim reorganis product plant special product line industri restructur complet top rang wide screen televis set produc anger mid rang product spain low rang poland french author largest part total cost plan relat measur compens workforc compani estim save achiev plan total frf million view fact cost plan provid account frf billion save full effect firm view save produc plan firm complet amortis cost restructur half gt tabl gt surg sale digit product digit product chiefli digit decod digit video disc dvd field thomson multimedia consid technolog lead place favour posit account small share activ frf billion turnov preliminari data franc end earli increas sale product forecast product account sale earli thomson multimedia forecast spring firm adjust optimist forecast note light forecast plan base import element contribut firm profit predict sharp increas turnov includ turnov tradit core product colour televis video record slower rate forecast predict unchang market share group reacquisit market share europ share colour tv market fallen group forecast reli return share european market previous held earli gt tabl gt basi princip recoveri factor thomson multimedia claim return profit onward timet set tabl current oper result financi charg rise turnov ow recoveri incom group intellectu properti transfer gener electr net result tax slightli posit year plan turnov fund french author financ plan firm period plan financ cover current financ requir exclud restructur liquid indebted balanc current requir financ capit increas inject frf million thomson multimedia place stage period concern balanc current requir frf million includ invest cover financ restructur frf million lastli largest amount frf million appli debt reduct repli question put commiss initi proceed measur offset distort effect aid question franc consid recapitalis thomson multimedia entail distort effect support claim franc view group market share averag remain present level privileg invest constitut product replac invest invest expand capac privatis thomson multimedia longer easi access loan financ aggress tactic franc consid notifi transact octob econom solut state recapitalis firm wound reason franc consid state aid author estim insolv cost frf billion frf billion cost propos recapitalis initi proceed commiss challeng argument figur made public sharehold respons social cost liquid debt franc defend alloc liquid debt basi preced french case law establish liabil public sharehold liquid debt public undertak lastli letter date septemb minist econom financi industri affair inform commiss commit franc prepar make view adopt decis set articl decis iv observ interest parti commiss receiv observ interest parti public offici journal european commun notic initi procedur letter date april commiss philip view surplu product capac europ worldwid televis video record world product capac televis firm amount million unit year annual sale million unit figur sourc video record million million unit philip consid capac increas support area contrari encourag measur cut ration product europ letter date april fédération générale de mine de la métallurgi fgmm french trade union affili cfdt union express support principl capit inject link redund plan fgmm consid recapitalis stood result previou commit made public sharehold period provid financi resourc back industri decis plan extern growth assess aid measur transfer state crédit lyonnai share held thomson sa commiss note repli french author increas crédit lyonnai share frf time purchas state thomson commiss studi expert report prepar novemb price transact accord agreement state thomson sign materi conclud transact earli state recognis transact detriment financi interest review action power direct major hold thomson sa complet control firm note report expert consid share premium relat ic reason present case commiss agre reason franc take decemb date establish underli secur crédit lyonnai ic date point franc close account establish share held thomson sa crédit lyonnai justifi transact sign rate secur drop inform real posit crédit lyonnai reach financi market french author stress letter septemb negoti thomson state end rate crédit lyonnai ic frf time transact announc april close price frf drop rate decemb rememb commiss point notic time transact public sharehold inform possess commiss fulli awar deterior situat crédit lyonnai subsequ necessit urgent measur notifi commiss septemb posit recognis real crédit lyonnai secur liabl lower figur arriv basi ic rate time share premium excess crédit lyonnai ic price fell sharpli week transact frf end june compar frf commiss note final argument french author crédit lyonnai share relat ic contradict total liabil attribut public sharehold liquid debt public undertak section iii line reason pursu state hold public compani precari situat crédit lyonnai spring case ic exposur holder extens limit secur transact state endeavour protect thomson sa interest proprietari interest strict sens term event order establish normal transact commiss consid basi calcul ic rate transact conclud frf fell relat rate decemb accept method author level subject reserv share premium agre parti endors expert report rate place crédit lyonnai frf billion state initi proceed measur liabl affect trade account output european consum electron industri distort competit concept state aid cover posit measur grant measur mean reduc charg born firm budget subsidi strict sens term natur ident effect conclud thomson sa directli benefit transfer capit hold cl state aid frf million aid benefit thomson sa give state right financi return loss financi revenu state amount repay grant notifi commiss unlaw justifi restructur plan thomson sa regard compat treati exempt articl exempt measur question commiss state notic initi proceed ii capit inject frf billion thomson sa recapit thomson multimedia distort competit effect intra commun trade market consum electron increasingli global domin korean japanes produc japanes world leader soni matsushita foremost group world output time greater commun domin visibl world trade commun export japan korea total ecu million million compar import ecu million million improv extra commun export trade balanc european union structur deficit ecu billion tendenc reloc plant countri low labour cost strong countri thailand china major produc main european produc descend order philip thomson multimedia nokia electron market reach matur home televis expand slowli surviv chiefli depend year arriv market digit product decod digit video disc dvd gt tabl gt commiss note comment made philip effect product overcapac europ worldwid colour televis video record capac rate question colour televis video record exception low creat real tension manufactur decid increas capac deliveri region market size europ case philip comment disput french author receiv commiss present proceed view low capac utilis rate product regard thomson multimedia core rang argument author competit distort notifi capit inject contradict firm forecast task separ televis set video record forecast submit thomson multimedia predict gain market share european colour televis market chiefli top rang product thomson multimedia predict retain present market share whilst asia remain margin gain europ account market colour televis firm lead product enabl recov market share market capac difficulti slow annual growth rate europ million televis set gain liabl aggrav difficulti exist capac experienc thomson multimedia competitor europ transfer firm problem competitor drawback sale firm televis divis europ show loss firm combat eros market share incur loss sale basi regard product line commiss consid implement plan present franc effect caus major distort competit pictur video record lower capac rate philip restructur plan lead competit tension thomson multimedia plan simpli maintain market share sector level europ addit subcontract larg part vcr sale respons overcapac area point commun trade consum electron consider implement restructur plan account commun product strengthen plan plant cell hanov germani close firm plan regroup commun televis manufactur plant franc spain plant special product line market televis set produc anger franc mid rang product tarancón spain move thomson multimedia special plant europ relat posit prior restructur plan lead increas intra commun trade factori poland produc market televis process built stream state aid featur market economi investor principl measur question affect trade distort threaten distort competit commiss take view set notic member state capit inject public undertak element state aid similar circumst privat investor view expect return undertaken invest restructur plan includ recent version spring anticip return equilibrium forecast net result thomson multimedia slightli posit lower expect loss addit state inject capit extinguish earlier loss produc neg net posit thomson multimedia frf billion decemb thomson sa result period cover plan return capit invest public sharehold consider end plan end net posit thomson multimedia forecast total frf million basi recapitalis thomson multimedia frf million public sharehold consent undiscount loss frf billion inject discount rate capit loss higher commiss consid neg return invest capit privat investor similar circumst agre capit inject measur question constitut state aid affect trade liabl distort competit french author point commiss transact due deferr recapitalis decid electron firm rca acquir action prudent sharehold claim bank agre act intermediari confid state delai honour commit recapitalis commiss note data franc part present recapitalis earmark debt reduct capit alloc full reduc indebted due defer recapitalis transact continu constitut state aid privat sharehold requir greater return capit invest repay firm debt firm unabl repai grow debt draw fund return fund equal debt higher rate return fortiori complet imposs period thing equal post defer invest reflect behaviour prudent investor author present inform extent ant mean standpoint inform activ result forecast drawn time invest appear compat action privat investor market economi result fact recapitalis part defer alter charact state aid commiss note french case law present author establish liabil public sharehold liquid debt capit contribut firm commiss court justic european commun similar case reject argument extend respons state sharehold liabil aris liquid share compani capit ground extens respons tantamount confus state role sharehold bodi respons social polici hypothesi present franc case law question affect aid content transact public sharehold awar case law basi law rehabilit statutori liquid firm long ago measur examin step restructur wind firm start fail instanc act prudent sharehold investor market economi requir applic principl refer point commiss consid author furnish proof law public sharehold equat de jure de facto manag compani de facto manag respons firm liquid debt event mismanag financi consequ mismanag lastli commiss note unproven element establish enabl french state side step applic articl treati contradict legal principl person found argument mistak view natur aid aim facilit implement restructur plan firm difficulti initi proceed exempt articl applic case transact question substanti aid compon order establish compat treati determin measur question qualifi exempt case articl measur aim assist firm difficulti compat assess specif rule restructur aid commiss guidelin state aid rescu restructur firm difficulti provid order aid compat treati condit satisfi aid link restructur plan aim restor firm long term viabil reason time scale basi realist assumpt futur oper condit firm obtain minimum return capit restructur requir assist state compet market place merit addit measur offset advers effect competitor aid proportion cost benefit restructur lastli plan implement full take account oblig impos commiss order determin measur assist thomson multimedia present french author satisfi condit commiss sought servic independ consult hereinaft refer consult full cooper french author firm carri analysi april restructur plan thomson multimedia commiss forward conclus consult report french author contest feasibl plan initi assumpt plan submit french author commiss march extend year plan drawn firm end turnov rise strongli increas frf billion frf billion give growth annum period tabl constant figur take account extra turnov gener recoveri revenu patent licenc turnov gain year annum predict growth high view fact price group lead consum electron product fall ow price war manufactur regard digit product digit decod dvd growth initi forecast compani higher region annum commiss express doubt forecast realist question franc price assumpt thomson multimedia forecast letter date commiss franc state forecast base current price account price reduct annum televis set video record greater reduct digit product view constant fall price expect increas turnov ambiti reflect real level growth decim point author increas turnov due higher volum sale group shift top rang product franc inform commiss compani forecast sale digit product revis begin commiss question franc consequ term result ensu freez present level group share market core product postpon develop digit product year french author scenario result annual declin turnov frf billion fall profit frf million consult consid price assumpt realist modifi slightli hand consult analysi cast doubt reliabl turnov predict reason firm commerci posit weak region strong growth asia eastern europ signific growth expect usa period view predict mainten market share downward revis made earli forecast digit product europ predict recoveri market share core product unrealist ow thomson multimedia weak trade posit firm weaken europ fragil dispers brand brandt saba telefunken nordmend feguson capabl compet leader soni philip firm commerci strategi aim rationalis brand reduc number promot thomson brand commerci reposit partial underwai thomson small market share unit kingdom germani itali back advertis expenditur compar competitor commiss consid account fact reposit brand lengthi process liabl initi result loss addit market share addit product market link europ highli inadequ product react market inform slowli month averag thomson multimedia week main competitor factor prompt consult review sale forecast thomson multimedia worldwid usa europ consum electron sale exclud televis tube frf billion usa frf billion europ revis figur frf billion frf billion europ main differ relat compani forecast concern predict sale televis set market share remain level recov share predict compani consolid level group turnov rise frf billion frf billion predict recent version firm plan revis figur predict growth year plan year real term take account price reduct averag year consum electron sector revis scenario opinion commiss ambiti aim group market share erod year viabil thomson multimedia commiss initi proceed thomson multimedia unabl secur offer public sharehold cope constant deficit experienc accumul debt reach frf billion end thomson multimedia parent gradual lost access financi market todai complet exclud view group neg net result frf billion deficit thomson multimedia end capit inject frf billion notifi franc suffici restor viabil group calcul show reduc indebted amount project recapit firm save frf million year consider deficit record respect current result frf billion net result frf billion take account larg provis restructur result viabil compani establish take account commerci industri aspect firm restructur plan order identifi level profit thomson multimedia consid viabl commiss take factor account step verifi firm rate return consider higher cost indebted debt equiti ratio neg firm unabl financ indebted jeopard profit preced year shown franc inform commiss interest rate calcul margin impact variat indebted life restructur plan suffici thomson multimedia oblig reduc debt secur normal return fund order attract risk capit impli risk premium posit firm base rate interest indebted document commun franc commiss discount rate appli valuat thomson multimedia merchant bank advis treasuri thomson show rate order commiss entitl expect firm show rate return return equiti region target end restructur plan submit french author event order guarante long term viabil rate top end rang start cost indebted rise target cost fund advisori bank view strong competit consum electron market price war wage lead manufactur consider financi resourc invest gener product high level profit ensur long term viabil firm advers market condit industri standpoint group lack competit relat main factor high labour cost usa europ compar asian produc ii larg number product plant result insuffici run amort fix cost iii rang refer measur restructur plan present commiss aim remedi situat closur thomson multimedia plant canada underwai product capac concentr mexico europ decis close cell hanov site germani product gradual transfer anger franc tarancón spain commiss attach consider import measur prepar conclud unavoid context real social consult note inform franc agreement trade union conclud april germani similar protocol agreement sign januari union prescott plant canada social consult underwai workforc plant close unit state commiss note plant cell hanov locat region hanov elig region aid articl french author state plant benefit state aid data submit french author social plan involv employe will produc cut group workforc person take account recruit predict product plant product divis transfer part account reduct workforc year view estim increas turnov year commiss consult assum share ad turnov remain stabl appar product output exclud effect volum rise year commiss note object ambiti evid enabl thomson multimedia reach product level competitor opinion consult margin gain product cost plan complet absorb fall price consult consid industri plan submit firm french author produc industri structur capabl put group foot chief competitor rationalis product rang improv perform product unit area specialis industri structur opinion consult capabl withstand pessimist outlook jeopard group product schedul group sell fewer televis set europ asia plan mean plan review industri organ flexibl televis product plant europ commerci risk highest make avoid addit restructur plan ow ratio variabl fix cost flexibl tarancón plant spain abil manag adapt capac plant build poland meet product trend flexibl high variabl cost relat fix cost compani reflect small part forese loss turnov result precari recoveri plan map thomson multimedia evid activ forecast activ televis sector exclud sale tube expect remain deficit europ loss offset result obtain product rang digit product case europ predict loss make consolid level take account hand margin obtain tube sale thomson mutlimedia sell half output cathod rai tube televis set manufactur hand recov incom licenc patent thomson show profit firm provid consult scenario drawn spring basi downward correct sale project scenario introduc substanti chang return expect analysi relat plan initi submit march commiss call comment thomson multimedia conclud initi forecast unattain correct sharpli turnov fall expect increas swing project radic downward revis year plan confirm precari project introduc element doubt risk diverg initi project increas time firm account fragil project correct sale project predict recoveri characteris increas turnov year make loss growth volum growth sale higher figur judg predict reduct year group price market reach matur growth slow forecast opinion commiss realist tabl variat restructur plan project gt tabl gt gt tabl gt gt tabl gt thirdli firm includ revis project provis gener liabil risk assess increas frf million frf million provis integr upstream forward oper result alter thomson french author paramet save achiev relat plan submit march commiss enabl result initi forecast maintain provis size view consider risk slippag project provis appear justifi precautionari measur project drawn consult includ variant tabl thomson multimedia project retain provis gener liabil project mid rang forecast margin safeti prudent addit firm forecast activ revis consult consid advis retain provis view factor net result tax frf million equiti time rate return high higher minimum need deal group indebted guarante viabil firm short term insuffici addit undertak french author demonstr long term viabil project result sharp downward revis project turnov sever expect moder correct explain predomin variabl cost fix cost threshold mean minor fraction profit lost sale deduct margin sale fell consider project level variat result sensit variat turnov impli review industri structur gt tabl gt consult conclud basi firm difficulti withstand econom revers financ sustain expans competitor thomson multimedia experienc problem profit sever ow fall price lead consum electron firm part multin group present sector total turnov frf billion ten time turnov thomson multimedia capac cushion fluctuat consum electron sale margin ow diversif long thomson multimedia remain isol difficulti withstand crise market invest order benefit fulli develop opportun offer product basi forecast result fragil demonstr slippag occur begin treat caution commiss consid long term viabil thomson multimedia independ firm fulli establish restructur plan submit commiss march prior addit undertak french author letter septemb note provis made cost restructur plan account year firm continu show loss return profit insuffici give firm effect long term autonomi term margin financ addit intern restructur order provid last viabil cost extra measur aim improv long term profit burden short term profit thomson multimedia circumst commiss take view solid industri partner bring industri commerci synergi thomson multimedia core product provid condit intern consolid ensur long term viabil firm partnership enhanc group exist distribut network area north america enabl thomson multimedia offer product servic bear full develop cost find commerci outlet exist product improv return invest increas ad inject fresh capit period restructur plan increas group margin appreci rate return relat capit attain normal level return expect prudent investor pursu debt reduct start present recapitalis undertak franc partnership set point articl decis help dispel doubt previous rais commiss long term viabil firm commiss note fact french author confirm view recapitalis notifi commiss capit inject full final settlement plan grant aid reflect confid viabil thomson multimedia recapitalis prevent undu distort competit view abovement distort competit sale colour televis set europ plan present french author forecast recaptur market share area liabl heighten tension market fail provid measur competitor counter distort competit suffer plan accept stand thomson multimedia limit share market colour televis europ commiss take view basi work carri consult limit firm market share market colour televis europ realist account product flexibl colour televis compat viabil firm commiss consid limit market share method case avoid undu distort competit whilst maintain flexibl account market trend ow possibl subcontract manufactur televis set compani commiss take note undertak french author letter date septemb minist econom financi industri affair set point articl decis consid freez thomson multimedia share colour televis market commun lowest histor level reach group distort effect aid significantli offset proport natur aid forecast submit french author letter balanc sheet compos frf billion capit net indebted frf billion ratio net indebted fund close basi downward correct calcul commiss consult predict greater loss lower profit ratio closer indic balanc sheet structur elast result capitalis thomson multimedia continu unfavour comparison main competitor recapitalis measur notifi franc effect give thomson multimedia surplu financi resourc relat main competitor firm contribut financi mean dispos financ restructur plan made provis main industri cost account benefit fresh capit inject state period financ cover firm invest requir total financi requir includ debt reduct amount frf billion borrow requir cover recapitalis frf billion commiss consid aid limit minimum strictli net result tax reduc frf million billion inject place firm target term margin solut improv financi structur thomson multimedia lie addit fund reduc profit captal ratio ow poor oper margin answer li structur measur enabl margin increas debt reduc vi conclus end proceed initi decemb respect recapit thomson sa intend benefit thomson multimedia transfer state share crédit lyonnai held thomson sa commiss conclus transfer state crédit lyonnai share held thomson sa assess price paid state crédit lyonnai share held thomson sa constitut aid frf million unnotifi aid confirm author agreement state thomson sign preced restructur plan thomson multimedia notifi commiss octob point view state constitut irrecover loss earn aid elig exempt articl derog measur question franc fail provid commiss reason conclud aid time agre compat treati exempt question illeg aid incompat treati recapit thomson sa thomson multimedia thomson multimedia recipi capit inject frf billion thomson sa notifi french author precari situat recapitalis restructur plan complet group consider advantag notabl technolog skill place favour posit regard arriv market digit product firm incur loss main product televis set vulner europ commerci posit insecur industri restructur reorganis certainti suffic restor long term viabil gain product identifi view factor profit expect difficulti ensur group long term viabil firm conclud solid partnership provid thomson multimedia industri commerci synergi withstand strong intern competit consum electron market commiss partnership essenti condit conclus thomson multimedia viabl view undertak french author partnership enter end commiss conclud viabil exist commiss consid project contain initi restructur plan group colour televis sale europ intrins unrealist incompat common market predict market share regain loss make situat notifi aid market current capac level introduct strategi result signific distort competit object revis take account recent undertak french author share televis market held thomson multimedia limit maximum commun market televis view forego provid recent undertak franc set articl decis fulli implement commiss consid aid contain notifi recapit frf billion qualifi exempt articl treati articl eea agreement adopt decis articl assist grant franc thomson sa form overvalu price acquisit capit hold crédit lyonnai constitut state aid mean articl treati articl eea agreement aid illeg incompat common market mean articl treati articl eea agreement capit inject frf billion thomson sa benefit thomson multimedia constitut aid mean articl treati articl eea agreement aid compat common market eea agreement virtu articl treati articl eea agreement provid franc fulfil undertak set paragraph condit paragraph franc undertak end thomson multimedia conclud strateg partnership industri basi view strengthen viabil ensur long term develop present area specialis growth sector thomson multimedia decemb limit share market televis set maximum commun order maintain profit group step reflect commit develop product plant exist plan capac regard televis set unit state america group product europ unit state group rigor restrict increas market share period object defin recoveri plan present commiss month thomson multimedia addit industri recoveri plan step improv commerci polici brand polici line advoc commiss consult commiss receiv monthli report implement recoveri plan complianc abovement undertak addit french govern confirm view recapitalis notifi commiss capit inject settl outstand account plan grant aid futur except aid commun interest research develop aid event unforese circumst justifi capit contribut term satisfi prudent investor french govern inform commiss thereof advanc compli relev provis treati ensur aid compat common market french govern compli condit thomson sa alloc entir sum intend recapitalis recapitalis thomson multimedia aid purpos defin plan thomson multimedia carri restructur measur plan submit commiss alter condit set take account condit impos decis seek prior approv commiss french author provid commiss year social account thomson sa thomson multimedia undertak limit share market televis set pursuant point paragraph mean limit share market televis commun monitor undertak point paragraph cover group product worldwid period restructur plan televis set commun decemb includ product trend sale market share held thomson multimedia europ worldwid includ indic compar price main product relat competitor europ monitor carri basi specif commiss consult entrust independ expert appoint end agreement commiss french author inform commiss detail affect thomson sa thomson multimedia save unforese except circumst occur firm recapit grant thomson multimedia full final payment french author grant aid firm futur except aid commun interest research develop aid carri loss give entitl tax credit compli point commun guidelin state aid rescu restructur firm difficulti member thomson sa group benefit carri forward tax loss prior incur thomson multimedia amount tax loss cover capit increas notifi commiss articl franc requir repay block account open purpos present transact excess amount frf million element state aid contain proce transfer state crédit lyonnai share held thomson sa capit frf million pro rata financi incom gener excess block account recov articl franc inform commiss measur compli decis month notif articl decis address french republ brussel octob commiss karel van miert member commiss oj oj oj publish version decis inform omit ground confidenti interim measur commiss meantim initi present proceed decemb author februari fund involv transact block account panorama commun industri vol ii data japanes product ecu billion commun product ecu billion oj discount rate end bank advis author valuat thomson multimedia cf commiss decis ec bull oj judgment court justic join case hytasa ecr seq paragraph law januari statutori rehabilit liquid firm articl journal officiel de la républiqu français januari refer made comment professor guyon versail court appeal case novemb state fact state appoint member compani manag board suffici make de facto manag