commiss decis state aid implement germani kahla porzellan gmbh kahla thüringen porzellan gmbh notifi document number german version 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 novemb march commiss receiv complaint competitor alleg misus state aid purportedli grant land thuringia kahla porzellan gmbh kahla kahla thüringen porzellan gmbh kahla ii thuringia germani extens exchang correspond meet repres germani commiss initi formal investig procedur novemb respect ad hoc aid grant compani time germani request provid suffici inform data make assess number aid measur compli term approv aid scheme allegedli grant commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment aid juli commiss receiv comment kahla ii forward germani letter date august march germani respond request inform submit inform aid inform commiss aid compani exist notifi commiss request addit document receiv commiss june addit inform submit august letter date novemb commiss inform germani extend procedur laid articl ec treati includ aid measur compli term approv aid scheme allegedli award aid measur commiss inform decemb case discuss length repres germani compani commiss decis extend procedur publish offici journal european commun commiss invit interest parti submit comment aid commiss receiv comment aid recipi kahla ii comment forward letter date march germani opportun react januari germani respond extens formal investig procedur submit extens inform addit inform request letter date april germani submit repli letter date regist receiv dai letter date februari commiss receiv comment kahla ii transmit germani letter date march march complaint receiv alleg kahla ii receiv aid inform germani letter date april germani respons complaint receiv juli case discuss repres germani meet germani submit comment august juli kahla ii adher previou argument letter date octob regist receiv dai germani submit comment ii descript relev undertak kahla ii successor kahla kahla kahla ii activ product porcelain dish china locat region elig aid articl ec treati kahla compani creat march transform veb vereinigt porzellanwerk kahla privat limit compani kahla accord german regul convers state own combin enterpris instal compani share capit verordnung zur umwandlung von volkseigenen kombinaten betrieben und einrichtungen kapitalgesellschaften umwandvo april treuhandanstalt tha privatis kahla sell dem mr hoffmann share mr ue share privatis contract conclud sole bidder tha publish intend sale list compani sale hoppenstedt contact associ ceram industri chamber commerc germani state compani liquid impli higher cost tha germani state privatis contract effect decemb data compani oper submit germani turnov oper result dem million tabl employe turnov oper result compani file bankruptci august bankruptci proceed open septemb germani initi bankruptci proceed administr bankruptci sought investor asset administr bankruptci consid price asset obtain sell compani concern kahla ii novemb kahla ii creat privat investor mr raithel januari administr bankruptci sold real estat plant machineri stock trade kahla bankruptci mr raithel total employe total price amount origin dem million contract amend octob provid form price dem million payabl plant financ grant dem million measur paid signatur contract amend legal right trademark regist pattern transfer dem list custom order book free charg price dem million stock paid ten instal start march real estat free charg sold dem million payabl dai germani state part payment made amount dem million final paid administr bankruptci lift mortgag part real estat total price final paid amount dem million germani state reduct price stock dem million place ow defect found sale inform show sale financ state aid resourc element state aid amount dem sale real estat approv tha juli legal successor bundesanstalt für vereiningungsbedingt sonderaufgaben bv octob sale contract provid thüringer industriebeteiligung gmbh amp kg tib state own undertak set land thuringia control foundat acquir silent particip kahla ii occur march data compani oper suppli germani turnov oper result dem million tabl employe turnov oper result financi measur financi measur favour kahla financi measur grant public author kahla time creation bankruptci amount dem million tabl measur favour kahla amount measur privatis tha export guarante measur privatis tha assumpt environment liabil tha take debt tha guarante measur privatis land direct invest grant tha loan tha loan tha revenu exploit properti stadtsparkass jena credit land invest allow total measur export guarante grant privatis germani call measur take tha debt relat credit dresdner bank ag date juli loan grant tha privatis measur germani guarante tha grant secur invest loss cover credit grant dresdner bank ag support guarante compani put secur tha refrain avail open bankruptci proceed addit secur tha entitl receiv revenu exploit part compani real estat directli relat busi real estat valu dem million expect revenu repai credit back tha guarante germani admit consent tha credit guarante relat repaid time avail guarante includ interest total dem million measur decemb compani obtain direct invest grant investitionszuschüss dem million land thuringia measur octob tha grant loan dem million avert insolv measur loan dem million made tha decemb aim avert insolv measur incom exploit compani real estat mention measur total dem million dem million total incom made kahla repai credit guarante tha germani state payment amount tha defer waiv amount dem million regist part estat bankruptci amount tha fund compani benefit repai credit total dem million germani contest fact measur credit krei und stadtsparkass jena total dem million credit bore interest rate secur mortgag dem million measur invest allow dem million grant period kahla benefit financi support public author total dem million financi support bankruptci proceed initi septemb germani state tha regist liabil amount dem million part estat bankruptci amount includ measur includ interest septemb tha decid avail secur put compani support guarante measur juli tha successor bv relinquish legal possess land germani meant compens creditor addit cost financi measur favour kahla ii financi measur grant public author kahla ii time creation amount dem million tabl measur favour kahla ii amount measur tib particip tib sharehold loan land guarante loan land guarante loan dem million privat bank land sme invest secur grant deutsch ausgleichsbank dta equiti loan scheme dta eigenkapitalhilf loan erp busi start scheme erp existenzgründung loan erp reconstruct programm erp aufbau loan kreditanstalt für wiederaufbau kfw small busi scheme kfw mittelstand loan dta environ scheme dta umwelt loan erp energi save scheme erp energiespar loan erp reconstruct programm erp aufbau loan land guarante loan dm million privat bank land direct invest grant land invest allow labour offic employ promot act grant grant measur onward land direct invest grant land invest allow land guarante loan dm million privat bank labour offic employ promot act grant grant special depreci total measur march tib stake kahla ii dem million tib put end particip decemb transfer share kahla ii mr raithel son mr raithel measur march tib grant sharehold loan dem million germani state loan confer tib vote right loan bore interest rate amount interest cap annual profit commiss note kahla ii start gener modest profit risk premium agre germani state loan paid back decemb interest total dem million measur land thuringia provid fallback guarante march cover invest credit total dem million credit final matur guarante measur cover credit guarante measur cover credit dem million grant privat bank februari interest rate measur fallback guarante provid land thuringia march cover work capit credit dem million credit grant privat bank septemb interest rate guarante gradual reduc expir decemb guarante compani paid fee reduc june measur sme small medium size enterpris grant dem million subsequ increas dem million grant measur equiti loan dem million allegedli award aid scheme june investor mr raithel context creation kahla ii scheme investor provid amount compani form equiti capit germani loan paid back septemb measur loan dem million purportedli grant european recoveri programm busi start scheme measur invest loan dem million allegedli grant march erp reconstruct programm measur invest loan dem million grant march kreditanstalt für wiederaufbau small busi scheme measur invest loan dem million grant april aid scheme environment invest dta umweltprogramm measur invest loan dem million allegedli grant april erp environment programm background fall interest rate march outstand amount loan measur dem million convert loan market term hypovereinsbank loan carri interest rate applic refer rate commiss note guarante measur made market loan measur invest loan dem million allegedli award march erp reconstruct programm measur paragraph measur octob kahla ii obtain direct invest grant dem million land thuringia invest carri period measur compani receiv invest allow amount dem million measur employ promot grant amount dem million period measur compani receiv grant fair attend amount dem grant advertis amount dem million grant amp amount dem million employe integr grant amount dem million measur direct invest grant amount dem million made decemb year measur compani receiv invest allow amount dem million year measur loan dem million grant privat bank loan cover fallback guarante made march land thuringia invest credit dem million measur loan grant interest rate measur employ promot grant amount dem million measur annual report compani receiv grant fair attend advertis employe integr amount dem grant amp relat personnel cost amount dem total amount grant dem million addit extens formal investig procedur germani explain compani particip scheme allow write invest substanti begin decreasingli time special depreci germani admit measur fact confer advantag compani result loss year smaller tax payment loss incom state stem reduc tax regard financi measur state favour kahla ii hereinaft measur project germani march plan drawn financ kahla ii cost origin plan reduc slightli dem million detail tabl extract inform submit germani amount dem million tabl cost plan implement land build plant machineri good renov machineri intang asset work capit total order cover cost financi plan drawn march amend occas tabl extract inform submit germani amount dem million measur ital alleg privat resourc tabl measur financ plan implement tib particip sharehold loan tib sme grant loan kfw erp reconstruct programm kfw small busi scheme dta environ scheme erp energi save scheme kfw erp reconstruct programm bank loan work capit credit grant bank invest grant invest allow mr raithel owner dta equiti loan scheme kfw erp busi start scheme total note tib particip measur increas dem million compar origin plan note origin plan loan grant amount dem million loan work capit credit dem million extend privat bank land provid guarante measur work capit credit brought loan total dem million provid measur effect cover guarante alleg privat resourc note initi plan contribut investor reduc dem million million dem million sme grant measur increas dem million precis amount contribut brought investor decreas addit alleg privat investor contribut effect brought consist dem million cash investor resourc loan total dem million grant public bank approv aid scheme measur note tabl provid germani includ refer grant measur special depreci scheme germani admit compani benefit measur separ tabl submit januari germani invest written total dem million germani provid addit tabl invest carri compani amount dem million tabl cost plan implement plant machineri intang asset total cost financ detail tabl submit germani amount dem million tabl measur financ plan implement contribut invest grant invest allow sourc total note tabl provid germani includ refer grant measur financ cost tabl germani special depreci scheme measur compani wrote invest dem million amount includ item quot sourc quot tabl germani provid invest plan detail invest carri invest carri period plan mention larg amount plant machineri compani invest cost period summaris tabl submit germani amount dem million tabl total commiss note invest plan compris part invest tabl respect invest carri period total dem million correspond invest implement item quot renov machineri quot set tabl year total invest correspond amount invest carri tabl market analysi kahla kahla ii produc china porcelain household kahla ii expand profession sector hotel decor product export relev econom sector household good decor porcelain intens trade member state ornamentalwar produc europ import region concentr tablewar produc exist northern bavaria germani staffordshir unit kingdom limousin franc plethora sme number larg undertak includ villeroi amp boch germani luxembourg hutschenreuth rosenth germani royal doulton wedgewood unit kingdom account product commun special requir hotel cater trade rise quot hotelwar quot sector special design hard wear ceram uk germani itali main produc consum countri close relationship final consum compet design distinguish highli labour intens industri enorm arrai product sale countri exce commun import term volum term import exce export ow extrem cheap import china porcelain industri overcapac product consumpt regist continu growth contract recoveri expect occur trade balanc recent year posit share import increas markedli household china export growth suffici offset increas competit sector contrari strong competit overcapac reinforc ow market entrant south east asia eastern european countri czech republ hungari benefit preferenti trade arrang european union iii reason initi extens formal investig procedur decis initi formal investig procedur commiss analys financi measur favour kahla kahla ii light articl ec treati articl eea agreement measur deriv state resourc distort threaten distort competit affect trade member state confer advantag compani preliminari assess commiss consid kahla kahla ii compani difficulti commiss doubt state behav privat investor market economi made financi resourc preliminari assess measur regard state aid commiss doubt aid compat common market initi formal investig procedur respect ad hoc aid grant kahla kahla ii addit germani claim number aid measur grant approv aid scheme basi inform commiss posit determin aid measur compli term approv aid scheme purportedli grant context initi formal investig procedur inform order address germani order verifi point inform submit respons order dispel commiss doubt exist aid charact number measur allegedli grant approv aid scheme addit commiss discov detail measur inform commiss extend investig procedur assess measur compli approv aid scheme measur inform initi formal investig procedur iv comment germani letter novemb germani consid notifi financi measur commiss germani februari kahla ii compani continu kahla germani state kahla ii difficulti insist point procedur support argument germani submit consult report date novemb januari extens investig procedur germani submit report consult date januari germani state financi measur public entiti consid aid public author act market economi investor offer financi support kahla ii financi measur favour kahla ii fall privat investor principl germani state cover approv aid scheme fell de minimi rule germani submit extens inform document initi formal investig procedur germani acknowledg measur constitut aid fall de minimi rule set commiss notic de minimi rule state aid commiss regul ec januari applic articl ec treati de minimi aid approv aid scheme germani consid case aid invest aid compli region ceil addit germani submit invest plan supplementari inform respect includ estim aid intens measur germani argu final accept argument advanc commiss verifi case measur aid regard employ aid compat common market letter octob germani state face previou argument commiss regard kahla ii compani difficulti aid measur question assess restructur aid basi commun guidelin state aid rescu restructur firm difficulti restructur aid guidelin comment interest parti initi extend proceed commiss receiv comment kahla ii forward germani letter date august march kahla ii argument basic germani addit complaint receiv alleg kahla ii receiv fresh aid inform germani letter date april germani repli state compani receiv grant commiss inform juli kahla ii submit comment commiss contain fact evid germani stood previou argument effect compani difficulti measur constitut aid ad hoc aid regard compat region aid vi assess relev undertak decis initi formal investig procedur commiss determin strength inform kahla kahla ii independ undertak extent kahla ii regard successor undertak auffanglösung germani request provid suffici inform clarifi point decis extend formal investig procedur commiss conclud kahla kahla ii legal entiti kahla ii regard auffanggesellschaft creat mr raithel shell compani continu activ asset kahla liquid document submit refer kahla ii auffanggesellschaft commiss note chang control ownership legal person place germani contradict view sale asset kahla ii place open uncondit bid procedur germani state industri awar asset offer sale germani negoti potenti investor mr raithel chosen administr bankruptci bidder reason choos administr bankruptci experi porcelain market fact made substanti higher offer candid germani offer dem commiss note mr raithel make offer higher dem price offer financ state resourc inform mr raithel brought dem resourc higher dem basi inform commiss follow germani view mr raithel bidder commiss acknowledg kahla real estat base studi independ expert germani plant stock dem million determin basi studi ow practic difficulti plant poor condit replac take fact account commiss conclud reason doubt price paid kahla asset correspond market price subsequ sale tib stake kahla ii question amount behaviour market economi investor examin section commiss note sale stake mr raithel son decemb place open transpar uncondit call tender tib state own financi institut establish case law court justic european commun commiss polici commiss consid sale price public sharehold state aid element sold open uncondit discriminatori tender procedur member state oblig follow procedur dispos public sharehold absenc procedur price involv state aid element commiss verifi price repres fair public sharehold commiss note respect price share sold mr raithel son higher price tib paid year earlier note stake repres minor sharehold final stress context initi extens formal investig procedur interest parti claim arbitrari exclus sale made offer sharehold commiss evid aid share deal aid mean articl ec treati financi assist deriv public resourc award kahla kahla ii confer compani advantag competitor record state control entiti grant loan acquir sharehold privat enterpris tib case kahla ii activ class state activ connect refer made consult report date novemb entir kahla restructur plan view light region govern effort safeguard job kahla porcelain market highli competit european product market suffer overcapac financi advantag favour compani competitor threaten distort competit affect trade member state kahla decis extend formal investig procedur commiss conclus measur constitut aid remain measur grant germani regard aid mean articl ec treati germani challeng point view maintain kahla ii germani persist view compani continu kahla difficulti offer financi support public author act market economi investor commiss analys public entiti provid financi support kahla ii act market economi investor examin issu compani difficulti market economi investor germani provid consult report support content public entiti provid financi support kahla ii act market economi investor paragraph report date novemb propos restructur plan auffanggesellschaft light region govern effort preserv job kahla restructur place period cost total dem million break point reach posit result dem million report prepar tib januari stake compani studi explain tib object maintain creat job thuringia point viabil restor restructur drive enjoi support public author break achiev posit result dem million addit studi point public commit kahla ii involv substanti risk possibl compani pai back financi support rule light report commiss conclud public financi institut tib act market economi investor offer financi support kahla ii report state object region govern financi institut preserv job main aim market economi investor report forecast loss year analys potenti quid pro quo author particip privat investor specif tib particip commiss adher view keep privat investor principl regard aid fact year tib sold stake major sharehold mr raithel son paid alter conclus tib behaviour assess ant take potenti risk expect revenu account basi report time risk high measur address analysi futur revenu undertaken profit made tib small contrari germani maintain term tib particip compar term offer privat investor mr raithel raithel allegedli invest dem million compani dem million pocket remain dem million state resourc form loan grant raithel measur loan measur includ feder govern guarante grant deutsch ausgleichsbank measur secur mortgag kahla ii land tib hand made compani dem million resourc form hold amount constitut capit event insolv treat junior rank risk assum tib higher assum privat investor explain paragraph mr raithel entitl withdraw agreement tib particip measur materialis tib tib particip keep privat investor principl remain measur germani view situat compani fact oper market suffer structur overcapac market economi investor grant financi support condit reflect fact commiss analys loan grant tib state own bank loan summaris tabl tabl measur amount dem interest rate refer rate secur million million feder govern guarante million st mortgag real estat dem million secondari mortgag real estat dem million million mortgag real estat dem million mortgag dem million cession machineri right parti cession stock cession claim custom guarante land thuringia million measur million measur million measur million measur tabl prove public financi institut behav market economi investor specif sharehold loan tib measur note agre rate interest amount interest cap annual profit report point kahla ii gener profit year fact happen increas interest rate agre compens year interest payment improb tib knowingli grant sharehold loan give addit vote right demand secur interest year risk premium agre offset risk forecast report basi sharehold loan hold agre remain loan tabl show grant refer interest rate secur provid public author asset repeatedli secur loan asset independ valu actual uncertain rememb financ state support guarante agreement provid subsidiari guarante amount dem million mr raithel prove person guarante equiti loan measur loan agreement measur mention provis person guarante refer feder govern guarante commiss inform dem million guarante commiss inform loan secur feder govern guarante person guarante rank lower secur cover small part potenti high risk payment view commiss conclud public bank institut act market economi oper loan measur germani describ aid albeit exist varieti commiss share germani view constitut aid classif exist aid issu analys section follow grant measur commiss consid market economi investor grant reimburs subsidi germani contest point final state guarante measur germani accept constitut aid view relat high risk lack risk premium commiss fulli share view analys issu germani assert guarante fall de minimi rule examin section view commiss conclud public financi institut offer support kahla ii condit compar market economi investor germani measur regard aid mean articl ec treati compani difficulti kahla ii auffanglösung set asset bankrupt compani newli creat compani auffanglösungen peculiar eastern german creation regard compani difficulti reason shell compani asset compani bankrupt continu busi undergo accept restructur auffanglösungen quot inherit quot number structur defici substanti oper market economi invest replac updat plant machineri compani structur tradition larg conglomer oper plan economi personnel reduct eastern german conglomer oper excess larg workforc product orient market addit confid custom supplier credit institut regain auffanggesellschaft successor fail compani sens compar newli creat compani adjust take place restructur involv case state aid take specif situat eastern germani account commiss adopt flexibl gener approach allow auffanglösungen benefit restructur aid end approach codifi footnot restructur aid guidelin view specif situat auffanggesellschaften form except rule newli creat compani inelig rescu restructur aid restructur aid guidelin separ proceed germani expressli state letter date march kahla ii compani difficulti year letter date septemb germani contradict earlier statement assert kahla ii difficulti context proceed germani consid kahla ii regard firm difficulti condit restructur aid guidelin met commiss point restructur aid guidelin give precis definit compani difficulti mention typic symptom case kahla ii gener criterion set point restructur aid guidelin determin firm difficulti fulfil firm quot unabl recov resourc rais fund sharehold borrow quot state report time kahla ii creat aid award relev moment assess kahla ii compani difficulti describ restructur intend restor viabil post confirm fact inform compani obtain extern bank financ state support effect indic set restructur guidelin envisag auffanglösungen start up past look time creation suffer deterior profit increas loss diminish turnov grow inventori declin cash flow rise interest charg commiss recal auffanglösungen except rule restructur aid guidelin newli creat compani consid firm difficulti elig restructur aid hand indic appli auffanglösungen low net asset case kahla ii commiss point successor bankrupt compani lost confid number custom supplier financi institut acquisit asset depend state support contract sale kahla asset stipul investor mr raithel entitl withdraw contract financ includ state measur tib particip state loan assur kahla ii asset kahla underw success restructur fact led bankruptci post clear structur difficulti pass kahla ii receiv privat financ state support indic excess size workforc state support grant auffanglösungen condit safeguard job impli period endur addit handicap preserv number job evidenc report refer paragraph main aim region govern preserv job year kahla ii reduc number employe deduc start auffanglösungen forc restructur order oper market economi loss incur cash flow increas year invest translat substanti debt high interest rate case kahla ii germani characteris process undergon kahla ii restructur firm difficulti commiss note report novemb januari propos restructur restor compani viabil report project manag eschbach pme submit germani connect proceed kahla ii compani undergo restructur process complet end commiss view process typic healthi firm germani consid loss kahla ii incur year due applic special depreci scheme measur commiss take view true higher loss incur ow applic depreci scheme state support compani incur higher loss driven market note report suppli germani regard state support essenti compani surviv restor viabil germani provid report drawn consult januari support argument kahla ii difficulti tabl turnov dem million oper result tax dem million cash flow dem million stock capac utilis capit capit commiss note tabl post evalu compani histori confirm main forecast report correct loss incur year commiss make assess ant point view establish germani fulfil oblig ec treati notifi aid germani fulfil oblig commiss base assess report time state paragraph report base premiss compani restor viabil conclud state support absolut essenti achiev aim light report commiss establish practic regard kahla ii auffanglösung firm difficulti conclus alter post fact substanti aid award difficulti surmount short space time sum basi report relev point time commiss conclud kahla ii unabl recov resourc rais financ market commiss note germani expressli admit back state support compani driven market fact indic restructur aid guidelin appli kahla ii irrelev guidelin exhaust list typic symptom exhaust cumul list criteria commiss adher view kahla ii compani difficulti period end aid inject slightli posit result achiev share capit began increas commiss consid lack privat financ state support data bear aid purportedli cover approv aid scheme part aid kahla kahla ii allegedli grant approv aid scheme commiss doubt complianc aid measur term scheme allegedli award issu inform order articl council regul march lai detail rule applic articl ec treati requir germani suppli document inform data assess inform transmit germani insuffici basi conclud measur cover relev scheme commiss empow decis basi inform decis extend formal investig procedur commiss conclud measur favour kahla constitut exist aid reassess consid measur grant approv aid scheme fall assess ad hoc aid kahla ii decis extend formal investig procedur commiss conclud measur favour kahla ii constitut exist aid reassess consid measur grant scheme approv remain measur allegedli grant approv aid scheme commiss partial review provision assess made decis initi extend formal investig procedur measur state guarante base scheme notifi commiss scheme regist number nn approv commiss state decis extend formal investig procedur guarante fall assess ad hoc aid decis guarante guidelin land thuringia commiss note thuringia commit longer appli notifi scheme respect aid element guarante germani claim agreement germani commiss aid element guarante amount cover guarante commiss point agreement concern state guarante compli approv aid scheme guarante exce limit base approv aid scheme notifi scheme approv commiss agreement exclud compani difficulti scope germani claim rate appli guarante respect guarante measur commiss notic applic articl ec treati state aid form guarante appli quot time loan grant strong probabl borrow default financi difficulti guarante high amount effect cover guarante quot state section assess paragraph kahla ii compani difficulti time grant measur mean guarante provid aid element guarante potenti credit relat measur grant compani longer difficulti germani consid basi agreement commiss refer paragraph aid equival set commiss point agreement concern guarante provid approv aid scheme guarante exceed limit provid approv aid scheme aid equival appli time provis guarante land thuringia agre make guarante subject commiss decis guarante guidelin land thuringia guarante provid approv aid scheme aid element guarante set decis concern guarante provid approv aid scheme commiss consid appli rule analog view fact guarante cover larg part risk inher loan reflect low interest rate fix privat bank commiss appli maximum percentag allow guarante scheme similarli commiss consid appli aid element guarante measur march loan measur convert market loan interest rate market loan loan measur convert interest rate loan obtain state resourc convert privat loan precis time compani secur lower interest rate privat loan market payabl loan obtain state resourc point connect convers state guarante provid respect loan germani state guarante fall de minimi rule applic de minimi rule verifi section assess measur grant dem million allegedli grant approv aid scheme decis extend formal investig procedur commiss erron state scheme intend sme germani correctli point larg compani elig aid scheme circumst scheme expressli exclud compani difficulti scope commiss recent reach neg decis respect scheme ground misus compani difficulti decis commiss specif note germani includ kahla ii compani difficulti benefit scheme contrari specif provis approv commiss decis scheme commiss state decis scheme prejudic decis present case context individu applic examin present decis commiss consid kahla ii difficulti time grant aid measur view aid regard aid maintain measur loan dem million allegedli grant approv equiti loan scheme scheme intend sme kahla ii employe qualifi sme time grant measur aid manifestli compli scheme germani recent argu loan grant mr raithel compani commiss approv scheme basi loan award investor receiv support condit bring compani capit mr raithel directli grant privat person purpos loan support undertak loan regard aid kahla ii measur examin commiss conclus condit set scheme loan grant fulfil present case credit constitut exist aid reassess commiss measur loan allegedli grant approv aid scheme scheme provid loan maximum dem million compani länder loan exce limit commiss conclud condit relev scheme compli take account subsidis rate interest reduc collater provid presenc guarante cover risk default commiss consid time grant loan constitut aid potenti full amount measur grant approv aid scheme purpos cover invest detail tabl addit inform provid germani part invest aid grant special depreci scheme measur contribut coverag invest germani provid evid measur compli term scheme allegedli grant measur constitut exist aid commiss reassess measur grant promot employ connect environment invest allegedli award approv scheme count aid state decis extend formal investig procedur scheme intend environment aspect concern clean environment hazard state own enterpris grant keep scheme basi allegedli grant letter date juli germani explain commiss provis interpret germani state measur carri municip town compani held tha elig aid privatis point regard state own enterpris commiss consid measur constitut aid confer advantag compani benefit measur kahla ii privat compani inelig part grant award land thuringia relev scheme bundesanstalt für arbeit entitl award grant commiss unabl find measur constitut exist aid extens formal investig procedur germani chang tack argu measur confer advantag compani state measur grant clearanc instal ostens import environ commiss accept clearanc instal confer advantag compani work necessarili lead increas surfac area compani germani recent state measur intend remov environment hazard date juli commiss practic measur constitut aid germani provid evid hazard date juli addit hazard supposedli remov kahla benefit support measur amount need remov germani furnish proof environment hazard remov asset purchas kahla case acquir expect verifi asset free type hazard case exercis care unaccept state support subsequ provid purpos suitabl check carri exist risk earmark resourc remov account purchas price subsequ recours state support germani state compani measur constitut aid carri relev work emploi personnel fewer personnel germani claim fact commiss classifi scheme aid approv rais legitim expect measur aid commiss accept argument clearanc scheme effect basi notif addit inform submit germani germani conscious act contradict notif claim breach legitim expect beneficiari claim expect stipul german scheme measur implement interest individu compani bundesanstalt für arbeit entitl award grant part support grant land thuringia germani final argu grant constitut gener measur compani germani benefit discrimin commiss note claim contradict inform previous submit clear relev german legal provis articl employ promot act document transmit commiss enabl commiss classifi scheme aid approv compani benefit measur contrari german act document transmit germani intend enabl commiss assess provis refer public law entiti expressli exclud measur favour individu compani provis involv clear element select mean measur consid gener measur measur grant purpos award legal basi invok commiss provision regard aid germani claim grant research develop amount dem million award approv aid scheme basi inform aid compli term scheme constitut exist aid reassess employe integr grant amount dem million germani consid constitut aid mean articl ec treati simpli intend promot employ handicap peopl commiss point measur constitut aid grant accord guidelin aid employ employ aid guidelin basi object criteria individu favour undertak product good spite inform order relat specif point germani provid evid respect commiss conclud basi inform transmit measur constitut state aid mean articl ec treati remain grant fair attend total dem million grant advertis amount dem million claim fall de minimi rule complianc de minimi rule assess measur state decis extend formal investig procedur basi inform measur regard exist aid addit inform provid germani state part invest aid grant special depreci scheme measur contribut coverag invest germani provid evid measur compli term scheme allegedli grant constitut exist aid commiss reassess measur grant promot employ award approv aid scheme basi inform submit germani commiss consid grant compli term scheme award constitut exist aid reassess commiss measur grant purpos legal basi invok commiss provision regard aid germani claim grant research develop amount dem million award approv aid scheme scheme intend sme basi inform kahla ii qualifi sme exceed ceil employe deduct number traine aid manifestli scheme allegedli grant fall assess aid employe integr grant germani explain constitut aid mean articl ec treati intend promot employ handicap peopl case grant measur germani provid evid respect spite inform order relat specif point figur compani annual report employe integr grant amount dem million unknown proport grant fair attend job familiaris amount dem million list annual report commiss conclud basi inform measur constitut state aid mean articl ec treati remain grant fair attend grant advertis amount dem million unknown proport grant fair attend job familiaris amount dem million list annual report claim fall de minimi rule complianc de minimi rule assess section assess view measur part measur measur constitut exist aid commiss reassess measur claim de minimi measur part measur measur part measur claim fall de minimi rule rule stipul ceil aid consid de minimi year period begin de minimi aid grant ceil appli total public assist consid de minimi aid affect possibl recipi obtain aid scheme approv commiss relev period march march march march period measur claim fall de minimi rule part measur part grant measur claim de minimi grant fair attend dem grant advertis dem total amount combin aid equival guarante measur state paragraph guarante high amount effect cover guarante impli aid element guarante time award potenti credit relat larg exce de minimi limit accept measur fall de minimi rule period guarante measur part measur claim fall de minimi rule guarante measur appli aid equival explain paragraph aid element guarante put dem part measur claim de minimi consist grant fair attend dem grant cost reduct dem addit guarante measur moment cover market loan ad explain paragraph loan total dem million appli aid equival amount loan cover guarante result aid equival dem measur claim de minimi period total dem exce de minimi limit view commiss accept de minimi rule appli measur constitut aid mean articl ec treati aid view forego measur favour kahla measur favour kahla ii fall assess aid basi inform commiss conclud compli term approv aid scheme compat common market ec treati except principl gener incompat state aid common market exempt articl ec treati appli present case aid measur social charact grant individu consum make good damag caus natur disast except occurr grant economi area feder republ germani affect divis exempt laid articl ec treati articl commiss authoris aid econom develop area articl authoris state aid grant facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest commiss issu guidelin spell condit aid authoris basi provis aid grant end germani contest fact compani concern locat area region aid grant accord articl ec treati aid kahla fall assess restructur aid guidelin primari object aid region concern restor long term viabil undertak difficulti commiss make clear aid grant measur fall assess regard kahla ii germani claim object measur found constitut aid cover approv aid scheme fall de minimi rule region commiss make clear ad hoc aid assess constitut measur commiss consid guidelin nation region aid region aid guidelin provis assess compat aid award footnot guidelin quot ad hoc aid firm difficulti govern specif rule conceiv region aid quot specif rule restructur aid guidelin commiss point current region aid guidelin applic time aid grant rule forc time award refer footnot current guidelin state aid grant violat specif rule aid grant compani difficulti explain section assess paragraph commiss conclus kahla ii compani difficulti ad hoc aid assess provis clear light kind cost cover aid commiss point tabl expenditur renov machineri work capit typic expenditur restructur project invest project view commiss conclud ad hoc aid kahla ii regard region aid compat common market germani recent argu aid measur regard employ aid employ aid guidelin provid aid creation job germani grant clearanc part kahla ii instal work carri unemploi peopl led provision employ unemploi peopl lead last employ aid regard aid preserv job size compani workforc reduc consider germani explan utilis aid temporari employ unemploi peopl reinforc view job kahla ii safeguard commiss consid measur authoris employ aid basi employ aid guidelin view commiss hold true respect aid grant prior entri forc guidelin guidelin simpli confirm exist practic event employ aid approv job creat preserv compani difficulti time ad hoc aid grant examin aid kahla ii aid kahla regard compat common market restructur aid guidelin commiss consid commun guidelin aid research develop environment protect small medium size enterpris train appli aid measur grant revis version restructur aid guidelin enter forc guidelin decemb applic fulfil main condit set guidelin assess turn restructur aid combin oper aid cover loss social cost work capit materi invest verifi purpos aid measur favour kahla favour kahla ii aid kahla point decis initi extend formal investig procedur restructur plan submit commiss absenc restructur plan condit met restructur approv accord restructur aid guidelin exist sound restructur plan aid grant fulfil aid grant measur consid incompat common market aid grant kahla ii decis initi extend formal investig procedur commiss note indic compani undergon restructur report submit germani describ measur aim restor viabil product orient personnel reduct replac plant machineri closur product facil invest aim meet technic environment standard set distribut network formal investig procedur germani state measur form part origin busi plan subsequ develop refus describ restructur plan letter octob germani final declar commiss kahla ii compani difficulti measur regard restructur plan clear document transmit consid relev restructur plan commiss note report drawn asset sale place intend tib decid acquir stake compani suggest number measur compani viabil measur germani develop investor report consid restructur plan propos measur repres final version plan analysi cost propos measur concern report provid total cost dem million consist invest acquisit asset loss coverag interest payment loan report propos restructur measur cost total dem million consist invest includ take asset loss coverag work capit cost provid report provid report correspond germani quot invest plan quot set detail tabl basi aid allegedli grant report list measur intend financ cost omit numer aid measur grant compani tabl hold true quot invest plan quot tabl document consid restructur plan commiss conclud plan final plan compani receiv excess aid regard document restructur plan consid final version plan clear extent propos measur implement order establish criteria set restructur aid guidelin fulfil commiss precis restructur measur restor compani long term viabil repeat request commiss germani submit final version restructur plan kahla ii restructur measur effect implement absenc plan criteria guidelin verifi commiss note privat contribut cost regard substanti recal commiss formal order germani furnish inform contribut made made privat investor letter octob germani describ suppos privat financ accord report novemb consist contribut mr raithel worth dem million dem million interest loan grant mr raithel cash flow dem million dem million capit inject tib alleg investor contribut consist soft loan grant state measur worth total dem million dem million investor brought compani resourc capit contribut fulli privat dem million loan measur secur feder govern guarante dem million loan measur secur mortgag kahla ii land purchas asset financ state aid view fact loan grant state resourc bear mind secur provid loan measur consid contribut privat investor alleg interest payment amount dem million commiss receiv slightest piec inform relat interest paid mr raithel loan measur interest payment financ restructur cost cash flow commiss point forecast profit compani earn consid substanti contribut mean restructur aid guidelin commiss inform cash flow achiev cover restructur cost compani start gener profit march investor convert part public loan privat loan contribut uncertain time grant aid made restructur assum subsequ contribut improv compani financi situat due state aid commiss contribut guarante provid cover loan happen restructur complet unclear time grant aid unclear resourc purpos lastli absenc precis breakdown restructur cost conclud privat contribut substanti restructur aid grant basi viabl restructur plan includ measur mitig advers effect aid substanti contribut privat resourc inform order proof aid grant condit safe assum condit fact satisfi ad hoc aid grant kahla ii constitut restructur aid incompat common market view commiss conclud ad hoc aid grant kahla ii consid compat common market aid kahla ii grant view modest posit oper result obtain commiss consid kahla ii longer regard compani difficulti accord germani request commiss assess aid kahla ii light region aid guidelin commiss recal relat measur fall assess ad hoc aid remain measur constitut exist aid region aid guidelin state individu ad hoc aid payment made singl firm major impact competit relev market effect region develop limit aid gener ambit specif sector industri polici keep spirit region aid polici shown aid fulfil requir set region aid guidelin commiss note porcelain market satur porcelain industri suffer overcapac add neg presumpt ad hoc aid invest aid neg impact sector object region aid secur product invest initi invest job creation link invest quot initi invest quot meant invest fix capit relat set establish extens exist establish start activ involv fundament chang product product process exist establish rationalis diversif modernis commiss note part aid issu measur made grant allegedli award research develop employe integr fair attend cost reduct expenditur constitut invest hand measur guarante loan invest point made germani commiss expressli formal order germani furnish descript invest undertaken undertaken order verifi initi invest carri sole data submit germani invest plan detail tabl germani provid descript alleg invest project plan machin acquir invest made exist instal absenc explan commiss conclud invest relat extens establish start activ involv fundament chang product product process commiss inform draw connect elig cost determin absenc thereof imposs combin invest aid measur cover approv aid scheme measur part measur establish maximum allow aid intens compli point region aid guidelin ensur product invest aid viabl sound recipi contribut financ minimum contribut aid case instanc loan includ interest rate subsidi back govern guarante element aid commiss expressli formal order germani inform contribut made made investor inform march investor convert public loan market loan doubt loan regard privat contribut complet free aid relat aid measur grant previous addit market loan continu cover state guarante tabl contribut alleg invest carri total dem million explan provid origin contribut absenc thereof commiss conclud recipi contribut invest cost measur likewis regard oper aid compat common market condit set region aid guidelin fulfil condit aid justifi term contribut region develop natur level proport handicap seek allevi germani demonstr point shown aid limit time progress reduc sum commiss conclud alleg invest carri kahla ii constitut elig invest mean region aid guidelin evid cost free aid cover aid recipi final commiss conclud aid benefici effect region market commiss unabl find aid regard compat common market mean region aid guidelin conclus commiss find germani unlawfulli implement aid question breach articl ec treati basi inform commiss conclud ad hoc aid favour kahla kahla ii consid compat common market pursuant articl regul ec aid incompat common market recov recoveri contrari gener principl commun law commiss view case fact case suggest recipi claim legitim expect illeg incompat aid grant kahla kahla ii recov aid measur repaid concern recoveri effect extent amount repaid smaller amount ow inclus interest refer rate applic region aid aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul grant equival region aid adopt decis articl state aid implement germani kahla porzellan gmbh measur incom exploit compani real estat repai loan guarante treuhand incompat common market state aid grant germani kahla thüringen porzellan gmbh incompat common market measur capit particip tib measur sharehold loan tib measur guarante land thuringia measur grant land thuringia measur equiti loan state own bank measur loan state own bank measur employ promot grant measur measur employe integr fair attend advertis measur measur research develop employe integr fair attend cost reduct articl germani measur recov recipi aid refer articl unlawfulli made recipi aid paid back recoveri effect extent amount paid back smaller amount includ interest calcul basi refer rate region aid applic date aid grant 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 commiss mario monti member commiss oj oj oj oj event bankruptci compani held tha real estat transfer back tha turn incorpor estat bankruptci confidenti inform index relat year confidenti inform higher price previous paid tib oj erp existenzgründungsprogramm sg oj erp aufbauprogramm sg oj kfw mittelstandsprogramm nn sg oj erp umweltprogramm sg oj footnot rahmenplan der gemeinschaftsaufgab zur verbesserung der wirtschaftsstruktur sg sg sg submit annex letter march regist receiv commiss march data extract websit ceram uni http www cerameuni org panorama eu industri nace revis commiss decis ec case tripti porzellan gmbh oj oj oj oj oj quot plan auffanggesellschaft kahla background special structur polici condit obtain land thuringia effort region govern safeguard job limit fund possibl quot quot da konzept der auffanggesellschaft kahla muß unter den speziellen strukturpolitischen bedingungen de land thüringen gesehen werden insbesonder unter dem aspekt der bemühungen der landesregierung im rahmen von förderungsmöglichkeiten bestehend arbeitsplätz zu erhalten quot report röl bühler stüpge hauck amp partner transmit annex letter januari regist receiv april footnot quot zielsetzung der tib ist die erhaltung und schaffung industriel arbeitsplätz im freistaat thüringen quot report arthur andersen submit annex letter januari regist receiv april quot number risk result plan fail quot quot es bestehen jedoch ein vielzahl von risiken die zum scheitern de konzept führen können quot quot decis favour particip kahla thüringen porzellan gmbh recommend principl bear mind continu high risk time quot quot thuringian porcelain manufactur jeopardis plan success quot quot ein entschiedung für ein beteiligung der kahla thüringen porzellan gmbh kann daher grundsätzlich befürwortet werden wenn man sich de verbleibenden hohen risiko bewußt ist es bedeutet zugleich aber auch ein absag ander thüringisch porzellanherstel um den erfolg de konzept nicht weiter zu gefährden quot arthur andersen report footnot recal acquisit kahla ii asset financ predominantli aid loan carri interest rate interest payment cap annual profit interest year feder govern interest rate year extens procedur germani alter stanc state loan measur aid nomin grant approv aid scheme paid direct mr raithel explain paragraph applic aid grant period footnot restructur guidelin codifi commiss approach state except rule newli creat compani elig receiv rescu restructur aid quot case dealt bv context privatis remit similar case länder involv compani emerg liquid asset occur decemb quot sg quot calcul busi plan show compani posit bear cost restructur enorm compar project turnov quot quot die berechnungen de geschäftsplan zeigen daß die auffanggesellschaft nicht der lage ist die im verhältni zum geplanten umsatzt enormen finanzierungskosten den umstrukturierungsprozeß allein zu tragen quot röl bühler stüpge hauck amp partner report footnot quot purpos studi assess capac reorganis compani activ continu auffanggesellschaft regard job safeguard long term financi resourc tib potenti sharehold quot quot ziel unser arbeiten sollt sein die sanierungsfähigkeit und sanierungswürdigkeit de der auffanggesellschaft fortgeführten unternehmen unter besonder berücksichtigung der dauerhaft erhaltbaren arbeitsplätz und der von der tib al potentiellem gesellschaft zur verfügung zu stellenden finanzmittel zu beurteilen quot arthur andersen report footnot loan privat bank commiss inform cover state guarante quot purchas rescind entir contract financi consequ financ refer confirm financ partli forthcom quot quot der käufer hat da recht ohn weiter kostenfolg vom gesamten vertrag zurückzutreten wenn die nachfolgend finanzierung nicht bi zum zugesagt ist di gilt auch wenn die finanzierung nur teilweis zustand kommt quot financi measur contract concern erp kfw loan dem million tib particip worth dem million bank loan amount dem million land guarante dem million sale contract administr bankruptci kahla günter raithel negoti januari graf von henneberg porzellan gmbh quot kahla undergo reconstruct consolid earli transfer product volum question quot quot da auch kahla sich aktuel im wiederaufbau befind und zur konsolidierung sicherlich noch da voll jahr benötig sei ein frühere verlagerung von produktionsmengen kaum zu denken quot pme report date confidenti inform tabl paragraph oj nn sg oj point nn sg sg oj sg publish erp eigenkapitalhilfeprogramm sg erp existenzgründungsprogramm footnot erp aufbauprogramm footnot kfw mittelstandsprogramm nn footnot erp umweltprogramm footnot nn sg regist number quot beneficiari measur pursuant articl employ promot act area decontamin improv environ public law entiti territori author town district municip public undertak own treuhandanstalt quot quot träger der massnahmen nach afg im bereich umweltsanierung und umweltverbesserung sind juristisch personen de öffentlichen recht vor allem die gebietskörperschaften städte kreis gemeind sowi regiebetrieb der treuhandanstalt quot letter date footnot quot word measur interest compani inelig aid quot quot da bedeutet dass massnahmen die im interess ein unternehmen sind nicht förderfähig sind quot letter date refer footnot decis case sg sg sg oj nn forc april approv letter sg nn sg report audit annual account kahla thüringen porzellan gmbh footnot loc cit footnot oj footnot point restructur aid guidelin state quot commiss examin compat common market rescu restructur aid grant authoris breach articl treati basi guidelin forc time aid grant quot tabl judgment court justic european commun case franc commiss ecr paragraph footnot loan agreement provid secondari secur mortgag tabl assign mr raithel life assur polici worth dem million oj