commiss decis februari aid grant feder republ germani purchas leas seeadler factori manufactur fish product cuxhaven lower saxoni german text authent eec commiss european commun regard treati establish european econom commun regard council regul eec decemb common organ market fisheri product amend regul eec give notic accord provis subparagraph articl treati parti concern submit comment regard comment background descript express request commiss complaint interest parti german govern inform commiss letter april combin transact involv purchas leas back seeadler factori land lower saxoni transact place autumn factori question locat cuxhaven part nordse group belong unilev multin compani manufactur tin fish fish prepar land belong land lower saxoni emphyteut leas last year expiri leas ground revert land lower saxoni build erect thereon autumn land lower saxoni purchas factori build cost dm million price compris dm million purchas dm million mainten improv build paid submiss invoic time land lower saxoni leas back premis purchas dm year compani govern feder republ germani disput assert transact constitut aid argu rent consid reason compar amount paid compet compani aid fall scope articl treati pursuant provis articl regul eec initi examin commiss view purchas leas back transact state aid mean articl eec treati benefit compani term contract highli favour meet normal financi criteria involv aid paid beneficiari real reciproc contribut part aid major direct effect competit trade put compani question competit foot favour german commun competitor commiss decid initi respect aid examin procedur provid articl eec treati letter juli gave notic german govern submit comment comment interest parti member state interest parti forward comment commiss share commiss opinion ii comment german govern repli octob januari german govern put forward argument accord practic port germani commun land factori locat cuxhaven belong author oper port build belong land lower saxoni made undertak leas rent except case compani built land occupi emphyteut leas case undertak question purchas price factori correspond object commerci build assess valuer accord rule forc amount excess payment consid aid mean articl eec treati addit annual rent premis amount dm fall rent bracket privat undertak rang dm dm land revert owner year accord addit build leas sign case compens provid articl build leas land lower saxoni refus fair complianc relev direct land lower saxoni acquir estat view proper manag collect oper fish port cuxhaven consid constitut public task land interest ensur infrastructur enabl optimum made port lowest cost major portion port land insuffici lead low util rate instal signific increas unit cost parent compani move plant cuxhaven bremerhaven port capac underus substanti extent land lower saxoni interven expiri build leas longer prevent deterior german govern note cuxhaven prioriti region develop area outlin plan joint feder govern laender scheme improv region econom structur principl approv commiss addit keep undertak cuxhaven aim transact modern creat capac direct consequ restructur measur maintain job hope job creat invest addit purchas price dm million sum dm million repair work account valuat renov modern build carri lesse make work execut properli principl owner respons octob land lower saxoni paid dm million land consid respons renov work consequ transfer ownership consid constitut aid abovement reason relationship rent purchas price compar normal rate return capit rent agre line charg local yield industri commerci build gener assess constitut aid basi rate depreci set balanc sheet tax purpos relev case assess rate depreci base calcul cost indirect repercuss cost infrastructur port constitut main factor demonstr aid involv sens consid acquisit purpos manag collect properti accomplish public task addit fact compani question owner real estat port area except undertak modest extent properti emphyteut leas bankrupt compet undertak cuxhaven outset rent ground premis belong land true bremerhaven port eec member state question distort competit distort competit export tin her pickl product product preserv oil low compet import limit signific repercuss intern trade lastli german govern point arb saarstahl case commiss specif state sale normal condit real estat belong arb saarstahl gmbh land aid framework programm coastal laender northern germani develop ration process market fisheri product provid council regul eec commiss recogn subsid restructur fish process industri case nation privat undertak transfer real estat public sector constitut aid transact public object aim profit public properti consid relev criterion ascertain aid involv irrespect explan grant aid accord criteria laid commiss compat common market condit accord articl eec treati report work parti seaport analys financ superstructur member state note report form financ lead distort competit member state iii legal assess compens payabl administr practic build erect undertak land leas emphyteut leas german govern refer ministeri circular build leas circular minist financ june compens provid condit made return properti date provid owner land origin state build erect thereon beneficiari obtain written agreement owner land construct project third commerci exceed cost price circular june appli previou contract point state exist emphyteut contract affect case land govern requir pai compens put forward minim cost purchas reason inevit futur expenditur build revert land lower saxoni charg year note period undertak made net profit approxim dm million dm million dm take account advantag link leas back transact payment dm million modern undertak alleg made transfer properti emphyteut leas state lesse properli maintain build erect expens repair renov work requir land lower saxoni carri build time sale state requir modern purchas put state expens holder interest rate public expenditur gener good compar interest rate privat sector ensur full infrastructur put forward favour singl undertak major size receiv consider financi boost deni firm industri region author land lower saxoni provid financ purchas seeadler factori build amount dm million financ entail payment interest capit borrow rate interest forc time financ cost approxim dm million interest rate dm year land lower saxoni achiev rate return year invest low rate set payment undertak dm million annual interest exce rent paid annual invest financi market confirm figur put forward interest parti relationship commerci build yield cf point obviou transfer properti public sector public object case nation privat undertak constitut state aid profit public properti transfer relev criterion assess constitut aid commiss set member state criteria ascertain public purchas privat capit undertak consid state aid acquisit involv total partial transfer properti privat sector public sector state aid involv oper capit provid circumst accept privat investor oper normal condit market economi interest acquir temporari durat price transfer fix advanc result yield provid capit significantli lower remuner expect invest compar period capit market criterion appli case transfer real estat compani question public sector state aid mean articl treati german govern take view purchas leas back place normal condit current price area survei rent industri commerci premis area inform obtain german coastal region town show rent vari wide depend time contract conclud econom situat locat inform german govern rent factori question close bottom rang inform provid compet compani lead conclus benefit compani li precis low rent combin leas back oper fact confirm compani place pai approxim dm annual rent compar approxim dm case yield multipli method propos interest parti order calcul commerci industri build result obtain undertak question commerci dm million basi annual rent dm annual rent dm million twelfth purchas price dm million dm million purchas price dm million deduct dm million repair fact transact aim prevent compani move demonstr exist advantag comparison case sale land belong arb saarstahl gmbh relev simultan dual purchas leas oper place land sold compani similarli opinion work parti seaport wai financ superstructur bring distort competit member state relev fisheri industri analysi relat transport german govern refer outlin plan joint feder govern laender scheme improv region econom structur cuxhaven appear develop area north sea coast lower saxoni qualifi rate aid outlin plan show sound econom develop cuxhaven hamper monostructur compris fisheri sector leas back transact serv remedi fisheri monostructur region economi aim maintain exist fisheri activ channel public fund complementari activ addit fact undertak modern absenc increas capac lead fall number job present case job maintain modern result increas capac order secur job longer term feder govern stress aim oper except situat normal situat build belong public author rent undertak reaction interest parti demonstr case gener case leas condit significantli wors seeadler enjoi purchas industri commerci premis state leas back term favour undertak constitut aid region author forego revenu expect receiv aid reliev cash flow posit undertak effect reduc oper cost direct impact competit compet commun undertak access advantag undertak question transact link restructur programm invest scale match aid commit consolid competit situat result grant aid question neg effect produc member state qualifi aid third market tin fish fish prepar product manufactur undertak question hold german market suppli nation product import half member state germani export approxim quarter output approxim member state undertak question major export product market neighbour countri condit competit member state affect detriment produc member state iv financi aid state consolid posit undertak compet commun undertak consid affect aid question case aid provid relief respect cost nordse compani born liabl affect trade distort threaten distort competit member state favour undertak mean articl treati state aid bear characterist set incompat common market exempt provid articl treati concern case relat object pursu commun interest individu sector nation economi suffici exempt interpret strictli region sector aid programm individu case applic gener aid scheme examin grant case commiss establish aid achiev object provis grant exempt aid entail reciproc contribut tantamount accept interfer trade member state distort competit unwarr term commun interest exist reciproc contribut ascertain case german govern provid commiss find justif enabl establish aid question meet condit requir applic exempt provid articl treati aid involv aid promot facilit develop region articl treati applic region aspect aid constitut import project common european interest measur remedi disturb german economi articl treati applic exempt aid intend facilit develop econom activ aid question design reduc oper expenditur item econom develop effect mean articl treati addit scale intra commun trade fisheri product condit trade consid alter extent contrari common interest guidelin examin state aid fisheri sector commiss state oper aid undertak principl incompat common market directli link restructur plan consid compat common market case aid question aid issu deem illeg german govern fulfil oblig articl eec treati clear analysi conduct commiss aid meet condit requir qualifi exempt provid articl eec treati refund adopt decis articl aid land lower saxoni result combin transact involv purchas dm million seeadler factori cuxhaven leas back dm year nordse compani sold autumn notifi commiss belatedli letter april grant breach provis articl eec treati illeg incompat common market mean articl treati articl germani requir annul transact refer articl amend term order establish relationship purchas leas condit accord commerci practic subject articl germani inform commiss month notif decis step compli therewith articl decis address feder republ germani brussel februari commiss antónio cardoso cunha member commiss oj oj oj oj bulletin european commun pp oj