commiss decis april state aid implement germani heckert werkzeugmaschinen 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 letter date decemb germani notifi commiss aid heckert werkzeugmaschinen gmbh aid case regist number nn letter date januari januari august commiss ask inform germani repli letter date februari septemb letter date decemb commiss inform germani decid initi procedur laid articl ec treati respect aid invit interest parti submit comment case regist comment germani receiv januari march ii descript beneficiari case concern rescu restructur aid heckert werkzeugmaschinen gmbh compani produc machin tool specialis product mill machin situat chemnitz land saxoni assist area articl ec treati hwg successor state own quot kombinat fritz heckert quot privatis quot kombinat fritz heckert quot german treuhandanstalt quot tha quot renam heckert chemnitz werkzeugmaschinen gmbh quot cw quot open uncondit tender essenti part machin tool product sold septemb heckert chemnitz werkzeugmaschinen gmbh quot hcw quot traub ag reichenbach purchas price dem million eur million time hcw emploi peopl context privatis compani receiv aid total eur million approv aid scheme measur includ residu secur liquid guarante credit line liabil amount dem million eur million origin grant bundesanstalt für vereinigungsbedingt sonderaufgaben quot bv quot privatis guarante liabil land saxoni quot land quot feder govern traub ag began encount financi difficulti due bad result incur traub ag bank froze group credit line end subsequ lack liquid forc traub ag hcw bankruptci time bankruptci hcw emploi peopl continu activ receivership bankruptci receiv decid continu activ hcw order prepar subsequ sale januari establish heckert werkzeugmaschinen gmbh quot hwg quot hive hcw order act market compani receivership hwg purpos acquir process order hcw receivership continu produc good sold hwg novemb deutsch bank grant credit total dem million eur million compani receivership june credit increas dem million eur million order secur process main order credit grant interest rate reimburs februari credit publicli guarante feder govern land provis guarante amount guarante expir dai loan reimburs august compani receiv loan dem million eur million bv interest rate measur grant cover oper cost receivership sale compani investor june receiv sold hwg product asset hcw swiss machin tool produc starrag ag quot starrag quot purchas price hwg dem eur price paid asset dem million eur million context sale starrag bv waiv reimburs abovement loan dem million eur million germani inform commiss receiv fulli reimburs loan includ interest septemb deutsch bank grant loan dem million eur million hwg publicli refinanc kreditanstalt für wiederaufbau quot kfw quot aid scheme approv commiss loan grant period year interest rate reimburs instal start end februari lastli hwg receiv invest grant dem million eur million invest premium dem eur aid scheme approv commiss decis initi proceed articl ec treati decis initi formal investig procedur aid assess guidelin state aid rescu restructur firm difficulti quot guidelin quot aid grant entri forc guidelin assess guidelin initi articl procedur commiss express doubt guarante dem million eur million liquid credit credit line liabil grant context privatis compli condit scheme refer doubt guarante grant jointli feder govern land measur consist partial temporari guarante requir scheme public guarante grant connect increas deutsch bank loan dem million eur million dem million eur million deem rescu aid initi proceed compli criteria set guidelin kfw refinanc deutsch bank loan dem million eur million interest rate repay schedul initi half repay free year line abovement scheme bv loan dem million eur million initi proceed deem rescu aid consid part rescu oper compli time limit repay provid guidelin germani claim measur compat restructur aid commiss express doubt beneficiari elig restructur aid term guidelin iii comment germani formal investig procedur germani suppli addit revis inform guarante grant context privatis germani inform commiss guarante loan dem million eur million made context privatis grant februari defici guarante limit time decemb decemb guarante gradual decreas year repartit guarante liabil feder govern land state intern measur influenc scheme total aid ceil commiss inform letter date june guarante receivership respect measur germani point grant aid scheme previou measur assess ad hoc rescu aid kfw refinanc deutsch bank loan receivership refinanc deutsch bank loan kfw germani inform commiss loan repaid nomin sum effect paid beneficiari loan grant actual interest rate germani emphasis loan refinanc east german compon scheme end provid interest rate reduc comparison west german compon deviat rate kfw commiss refer rate germani due fact market rate point declin refer rate adjust long term interv germani point east german compon scheme provid repay schedul commenc half year bv loan receivership compat bv loan dem million eur million grant receivership germani argu consid compat condit guidelin rescu aid germani opinion case recipi aid receivership inappropri focu time reimburs case repay made proce bankruptci proceed regularli result delai germani underlin grant sole continu oper busi hcw receivership iv assess guarante grant context privatis liquid guarante dem million credit line guarante dem million provid feder govern land saxoni context privatis note scheme refer guarante invest credit temporari work capit loan commiss take account germani comment guarante cover credit limit time decemb note intern appoint feder govern land commiss inform letter june increas aid ceil condit scheme measur compli condit scheme refer assess decis guarante receivership initi proceed public guarante grant connect increas deutsch bank loan dem million eur million dem million eur million deem rescu aid commiss doubt condit rescu aid met initi proceed germani point measur grant guarante scheme measur commiss note measur temporari guarante temporari work capit loan appear cover scheme assess decis kfw refinanc deutsch bank loan receivership kfw refinanc deutsch bank loan commiss take account germani comment submit initi proceed loan grant effect rate measur fact grant east german compon scheme allow repay schedul half repay free year interest rate reduc comparison west german compon scheme context note loan grant period market rate declin commiss refer rate septemb amount readjust novemb light inform measur appear compli condit east german compon scheme assess decis view measur grant accord approv scheme assess decis bv loan dem million eur million grant regard ad hoc aid bv loan grant receivership commiss note remain ad hoc aid bv loan dem million eur million meantim paid back interest rate note time loan grant commiss refer rate establish interest paid case recoveri incompat aid amount view commiss conclud potenti incompat state aid bv loan dem million eur million repaid potenti distort competit deriv aid remov conclus formal investig procedur articl ec treati respect relev measur longer pursu adopt decis articl formal investig procedur articl ec treati initi decemb respect aid implement germani heckert werkzeugmaschinen gmbh chemnitz termin articl decis address feder republ germani brussel april commiss mario monti member commiss oj footnot bundesbürgschaftsprogramm ost sg kfw mittelstandsprogramm sg nn rahmenplan der gemeinschaftsaufgab quot verbesserung der regionalen wirtschaftsstruktur quot invest grant sg investitionszulagengesetz invest premium sg april oj oj bundesbürgschaftsprogramm ost sg kfw mittelstandsprogramm ost sg nn