commiss decis juli state aid grant feder republ germani brockhausen holz 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 complaint date septemb regist receiv septemb commiss inform land saxoni grant state aid brockhausen holz gmbh bhc chemnitz respons commiss request inform date septemb novemb german author formal repli octob februari basi inform contain letter aid regist notifi aid april april bhc file insolv gesamtvollstreckung special insolv procedur firm länder letter date april june juli commiss ask german author notifi aid letter date june august german author refus ground notif longer serv purpos firm file insolv letter date februari commiss inform germani decis initi procedur laid articl ec treati addit formal request germani provid month receiv request document inform assess compat aid grant articl ec treati germani repli letter date commiss decis initi procedur publish offici journal european commun decis commiss invit interest parti submit comment aid june commiss receiv set comment forward german author januari deadlin extend time germani opportun comment march compli deadlin receiv remind commiss germani final submit comment detail descript aid ground initi procedur aid bhc commiss attent complaint lodg austrian engin work alleg land saxoni grant firm aid amount dem million complain opinion aid enabl firm increas export reduc price letter date octob germani confirm firm receiv dormant equiti hold dem million saxoni consolid fund konsolidierungsfond defici guarante ausfallbürgschaft dem million loan provid saxoni guarante direct aid measur present difficulti aid scheme approv basi undertak germani combin aid aid consolid fund grant addit guarante provid scheme infring prohibit combin aid aid notifi ad hoc restructur aid scheme guarante provid cover loan dem million germani ask notifi aid formal provid inform assess compat common market german author refus letter date june august ground notif longer serv purpos firm file insolv aid measur separ measur singl restructur aid measur result infring prohibit combin aid scheme made reduc intens aid guarante lesser aid intens loan restrict amount aid absolut minimum compli fulli guidelin state aid rescu restructur firm difficulti order secur formal notif assess compat aid grant firm common market commiss decid initi articl procedur recipi firm decemb bhc employe annual turnov dem million firm fall definit small medium size enterpris sme own capit bhc sme mean commiss recommend ec april definit small medium size enterpris bhc trade area make order cast servic replac part produc steel ball cement industri line furnac firm locat chemnitz structur weak area saxoni histori firm bhc succeed eisen stahlgießerei chemnitz gmbh esc gmbh acquir begin treuhandanstalt pe gmbh privatis conduct open uncondit transpar tender procedur highest bidder acquir firm septemb firm creat cpc gmbh oper iron steel foundri land north rhine westphalia produc financ plan cpc gmbh condit establish plant north rhine westphalia cp gießerei kg cpg kg set beckum subsequ cpc gmbh cpg kg renam bhc brockhausen amp holz gießerei gmbh amp kg bhc kg brockhausen amp holz gießerei gmbh bhc gmbh august bhc gmbh bhc kg merg bhc bhc face enorm liquid problem ow delai invest heavi start loss start loss princip due firm unproduct equip end cooper west german partner report manag consult firm logo consult firm financ requir januari put dem million restructur plan drawn public bodi provid financi assist resolv firm liquid problem februari assist order dem million provid suffici bhc file insolv gesamtvollstreckung april insolv proceed began sequestr administr conclud takeov leas agreement guß verschleißtechnik gmbh gvt june bhc busi activ discontinu gvt present decis concern firm financi assist notif germani submit state aid procedur initi bhc benefit aid measur amount dem million privat investor share restructur amount dem inform suppli commiss explicit share comprehens financ plan bhc drawn land north rhine westphalia programm guarante assist project brandenburg mecklenburg western pomerania saxoni saxoni anhalt thuringia berlin east provid defici guarante dem million invest loan dem million oper loan aid dem million octob joint feder govern länder scheme improv region econom structur land saxoni approv grant dem million dem million paid invest allow act investitionszulagengesetz invzulg chemnitz tax offic provid firm invest allow amount dem dem year januari restructur measur view difficulti face firm financ oper loan bank affili firm initi limit dem million secur april guarante saxoni guarante scheme guarante amount dem million dormant equiti hold dem million saxoni consolid fund grant june repay deferr dem million grant chemnitz depart public work lastli order meet firm liquid requir measur februari guarante provid land saxoni increas cover dem bring loan dem million guarante cover dem million bv grant loan dem interest percentag point discount rate sharehold help bridg liquid gap dem aid measur regist claim insolv proceed restructur plan notif made contain descript restructur plan letter date germani commiss report logo consult assess made plan drawn bhc manag restructur plan design increas bhc product make competit improv tight financi situat essenti compris measur complet reconstruct essenti plant view improv qualiti product cut back materi energi human resourc ultim produc competit cost shut unprofit equip reduc workforc intensifi market activ thing set network sale offic abroad manag assumpt sale volum expand subsequ year move higher qualiti product area cast cement bhc longer foundri tradit sens financ plan unnecessari land dispos equiti capit reduc firm indebted open possibl addit financ credit institut loss forecast financi year onward firm expect move black logo consult consid manag plan optimist ambiti unrealist base worst case scenario element risk remain firm share restructur cost financ sale unnecessari land time report logo consult sale place uncertain product market bhc main activ area cast replac part servic cast turnov firm princip produc part automot mechan engin industri competit pressur enorm replac part turnov produc cement industri notif overcapac firm occupi custom orient product nich lastli servic made turnov annual output eur billion commun world largest produc cast industri manufactur part autom mechan engin sector made small medium size enterpris foundri suppli industri firm depend larg degre cyclic busi trend demand pattern custom ow econom downturn number peopl emploi foundri sector commun fallen workforc comparison sector foreign trade virtual insignific foundri product industri sector consid growth industri discount differ caus fluctuat busi cycl product remain constant year increas period reflect trend higher qualiti cast recent econom downturn hit foundri sector hard improv market suffer overcapac drastic manpow cut made recent year numer manufactur process increasingli rationalis quiet optim sector evid rationalis measur need found spectacular product volum achiev fewer employe comment interest parti letter date june commiss receiv statement made behalf engin work liezen gießerei gmbh lodg complaint septemb welcom commiss decis initi proceed bhc repeat argument overcapac foundri sector year public support firm sector distort competit avoid enabl firm benefit addit resourc make sell product market price fact insolv proceed initi respect bhc april prevent examin made aid grant previous distort competit statement firm found mr schulz brockhausen wake insolv proceed appli land saxoni aid approv public fund rescu arrang auffanglösung bhc activ continu manag result circumvent relev state aid rule undu distort competit statement previou aid turn restructur aid question aris condit set guidelin met firm receiv aid run counter principl restructur aid grant comment germani germani respond commiss request letter date practic constitut notif aid grant bhc question aid grant firm set rescu arrang german author inform commiss letter date decemb bhg guß verschleißtechnik gmbh gvt guß verschleißtechnik gmbh chemnitz appli region aid total dem million joint feder govern länder scheme improv region econom structur germani confirm inform letter date explain consid aid grant bhc compat guidelin assess aid aid mean articl ec treati possibl aid distort trade member state market refer outset rule reason aid measur assess light articl ec treati defici guarante invest loan dem million oper loan dem million guarante worth dem million total provid notifi scheme approv commiss criteria laid implement scheme adher grant dem million made joint feder govern länder scheme improv region econom structur notifi approv commiss invest allow dem million provid scheme notifi approv commiss guarante oper loan dem million guarante worth dem million provid guarante scheme land saxoni gener speak scheme permit guarante provid loan dem million except circumst sächsisch aufbaubank saxoni bank reconstruct bürgschaftsbank sachsen gmbh saxoni guarante bank guarante loan dem million loan financ restructur project guarante design contribut success restructur plan scheme approv condit restructur plan restor viabil firm drawn plan drawn commiss examin restor viabil firm dormant equiti hold dem million saxoni consolid fund scheme approv inter alia condit firm receiv aid receiv restructur aid firm difficulti prohibit combin aid adher aid grant addit guarante loan dem million sächsisch aufbaubank german author argu combin aid case measur separ singl restructur aid measur explain aid scheme enabl reduc aid intens intens guarante lower loan argument accept commiss accept prohibit combin aid meaningless complianc arbitrari aid intens guarante loan provid state firm difficulti consid aid equival grant condit scheme met measur notifi individu articl ec treati germani fulfil oblig result aid grant unlawfulli ad hoc restructur aid repay deferr dem million grant chemnitz depart public work constitut state aid mean articl ec treati notifi articl pure formal term unlaw secur addit liquid equival loan dem loan bv grant firm difficulti consid constitut aid mean articl ec treati notifi unlaw formal point view amount increas interest loan dem exempt articl ec treati commiss examin aid elig exempt articl ec treati bhc case commiss base special rule laid articl ec treati regard quot aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest quot primari object aid question promot region develop restructur firm difficulti aid judg compat common market criteria set guidelin met guarante land saxoni cover oper loan dem million dormant equiti hold consolid fund repay deferr dem million grant chemnitz depart public work bv loan dem consid restructur aid assist measur provid view renew liquid problem consid addit measur restructur aid approv commiss restructur plan meet criteria restructur restor long term viabil firm undu distort competit avoid amount intens aid limit strict minimum need restructur restructur cost exce anticip benefit restructur plan implement full condit set commiss observ implement restructur plan monitor basi detail annual report sine qua restructur plan restor long term viabil firm reason timescal base realist assumpt firm futur oper condit restructur plan assum financi develop firm gt tabl gt commiss view restructur plan base realist assumpt specif assum increas sale signific increas turnov predict financi recoveri firm sale unnecessari land increas turnov depend basic firm product capac cement market segment wish move plan predict increas turnov commiss view increas turnov overestim plan bhc redirect activ market quickli requir acquisit specialist expertis technic adapt machineri financi recoveri bhc extrem tight financi situat depend sale unnecessari land price dem million länder oversuppli industri land minimum price set bhc manag uncertain report logo consult class riski short term dem million dem million rais circumst commiss consid viabil firm restor reason timescal subsequ develop firm bear assess end bhc face enorm liquid problem turnov remain expect level record loss dem million year reason land sold number claim recov firm face major technic problem prevent achiev plan turnov renew financi assist februari bhc viabil restor januari april firm record loss dem million april file insolv confirm commiss assess restructur plan base realist assumpt restor firm viabil condit laid guidelin met aid consid compat common market effect aid competit market foundri product examin inform commiss possess overcapac industri bhc sme locat area cover articl ec treati overcapac sector commiss take view competitor advers affect restructur condit set guidelin met restructur aid bhc approv assess firm share restructur cost conclus germani meet condit applic saxoni guarante direct restructur plan restor viabil firm aid view ad hoc restructur aid criteria laid guidelin met guarante cover dem million oper loan dem million compat common market condit applic scheme complianc prohibit combin aid met dem million dormant equiti hold consolid fund class commiss ad hoc restructur aid criteria set guidelin met compat common market repay deferr dem million allow chemnitz public work depart constitut restructur aid criteria set guidelin met measur incompat common market bv loan dem compat criteria grant restructur aid approv basi exempt provid guidelin commiss find germani grant aid breach articl ec treati guarante dem million land saxoni dormant equiti hold dem million consolid fund repay deferr dem million dem loan bv interest dem recov germani accord relev legisl procedur adopt decis articl state aid germani grant brockhausen holz gmbh chemnitz amount dem million incompat common market aid consist dem million guarante land saxoni dormant equiti hold dem million saxoni consolid fund loan dem interest dem repay deferr dem million articl germani measur recov recipi aid refer articl unlawfulli made recipi recoveri effect accord provis procedur german law aid recov includ interest date unlaw aid made 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 juli commiss karel van miert member commiss oj accord judgment european court justic april join case feder republ germani pleuger worthington commiss ecr footnot direct grant saxoni consolid fund restructur small medium size industri enterpris agreement land saxoni treuhandanstalt tha bundesanstalt für vereinigungsbedingt sonderaufgaben bv decemb state aid scheme commiss approv letter date sg direct guarante industri liber profess agricultur forestri septemb state aid scheme commiss approv letter date june sg oj oj consist dem million loan dem dem form sharehold loan framework plan joint feder govern länder scheme improv region econom structur footnot panorama eu industri page commiss commun member state applic articl ec treati articl commiss direct eec transpar financi relat member state public undertak oj bhc balanc sheet profit loss account figur list asset liabil drawn sequestr april account incomplet