commiss decis march state aid nn implement germani neue erba lautex gmbh erba lautex gmbh bankruptci 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 receiv januari germani notifi commiss aid grant newli creat neue erba lautex gmbh aid paid case regist notifi aid nn commiss question januari repli receiv februari march question april repli submit june case discuss meet repres german govern june inform provid juli octob januari case discuss meet repres german govern februari question march repli receiv april addit question april inform receiv june letter date juli commiss inform germani decis initi procedur articl ec treati respect aid germani submit reaction letter date septemb regist septemb commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment receiv comment german competitor belgian associ textil manufactur comment forward germani letter date decemb januari germani repli letter date februari regist dai ii descript aid relev undertak neue erba lautex gmbh inform neue erba lautex gmbh hereinaft refer quot nel quot compani limit liabil paid equiti capit eur creat decemb provision administr bankruptci erba lautex gmbh file bankruptci novemb nel creat wholli own subsidiari bankrupt erba lautex gmbh continu activ disrupt intent offer nel sale transfer asset bankrupt erba lautex gmbh germani asset bankrupt erba lautex gmbh leas nel document submit commiss nel pai monthli rent eur dem asset commiss inform rent effect paid pend order bankrupt erba lautex gmbh nel workforc consist employe bankrupt erba lautex gmbh traine manag mr matt inform provid germani agreement repres workforc contract abovement employe bankrupt erba lautex gmbh termin employe sign direct contract nel indemnif paid structur germani gt pic file quot en tif quot gt continu activ bankrupt erba lautex gmbh activ textil industri nel activ market activ restart decemb bankrupt erba lautex gmbh nel locat neugersdorf saxoni area elig region aid articl ec treati attempt sale nel back decemb germani state asset erba lautex transfer nel point nel sold open uncondit bid procedur administr bankruptci request price waterhous cooper hereinaft refer quot pwc quot organis tender germani februari offer sale publish financi time internet letter european intern textil compani initi deadlin respond call tender march extend order provid time offer made germani negoti place interest parti administr bankruptci count close sale oper earliest end februari germani insist negoti potenti investor take place disclos number ident potenti investor state confidenti request intend restructur nel germani submit studi prepar pwc indic creation legal successor continu busi bankrupt erba lautex gmbh compani restructur plan restructur cost newli creat nel detail tabl gt tabl gt germani maximum cost state cost financ state support made event nel final sold germani initi state plan restructur start nel sold latest inform measur train workforc develop product amend busi strategi undertaken studi found restructur nel return viabil latest inform nel incur loss eur million dem million year loss offset born nel erba lautex gmbh latest inform year nel incur loss eur million dem million erba lautex gmbh bankruptci lautex weberei und veredlung gmbh textil compani held treuhandanstalt subsequ legal successor bundesanstalt für vereinigungsbedingt sonderaufgaben bv privatis compani employe achiev turnov eur million dem million held asset eur million dem million compani privatis sale daun group german base conglomer activ textil employe turnov eur billion dem billion april investor maron group half share capit undertak erba lautex gmbh maron group oper textil sector includ erba gmbh convert fabric shirt blous weav dye plant czech republ data number employe turnov asset group provid decis ec commiss prohibit aid eur million dem million erba lautex gmbh aid found incompat common market fulfil criteria set commun guidelin state aid rescu restructur firm difficulti commiss order recoveri aid interest date award novemb erba lautex gmbh file bankruptci germani incompat aid regist part estat bankruptci aid recov date financi measur purport rescu aid decemb nel receiv purport rescu aid eur million dem million sächsischen aufbaubank hereinaft refer quot sab quot februari loan amount grant bv purpos addit bv grant amount eur million dem million amount grant june sab germani state loan grant refer rate purport rescu aid total eur million dem million initi grant month period extend month germani begin restructur delai germani state agreement reach repay loan sab bv paid monthli amount dem juli entail substanti extens month durat loan capit inject februari commiss inform eur million dem million repaid bv erba lautex gmbh investor amount consist reimburs price paid compani capit inject eur million dem million investor agre privatis germani provid evid april august investor group paid total eur million dem million equiti capit privatis contract privatis condit posit commiss decis aid grant compani commiss neg decis investor entitl repay amount privatis contract stipul bv reimburs investor amount initi formal investig procedur commiss note compani benefit capit inject eur million dem million bv regist amount claim erba lautex gmbh part bankruptci proceed respons initi formal investig procedur germani inform commiss juli claim regist interest part estat bankruptci inform provid claim accept administr bankruptci iii reason initi formal investig procedur basi inform commiss view public financi measur nel erba lautex constitut state aid mean articl ec treati provision assess regard entiti econom unit nel subsidiari bankrupt erba lautex activ continu leas asset commiss consid except justifi grant aid econom entiti account fact aid declar incompat juli recov establish case law court justic european commun commiss view aid paid aid declar incompat recov aid neg cumul effect market point complain commiss doubt aid consid compat common market formal investig procedur initi iv comment parti commiss receiv comment german competitor belgian feder textil manufactur competitor state continu oper bankrupt erba lautex gmbh nel entail consider distort competit low price nel oper belgian feder textil manufactur express concern aid declar incompat recov bankrupt erba lautex gmbh activ nel offer price inform cost comment germani reaction initi formal investig procedur germani insist newli creat nel regard rescu compani auffanggesellschaft mean except footnot commun guidelin state aid rescu restructur firm difficulti footnot state except principl newli creat firm elig rescu restructur aid quot case dealt bv context privatis remit similar case länder involv compani emerg liquid takeov asset occur decemb quot germani auffanggesellschaft compani creat continu activ compani liquid purpos take asset liabil remain compani germani criteria met present case reject commiss view absenc liquid takeov asset nel qualifi auffanggesellschaft germani state initi bankruptci proceed form liquid consid leas asset compar takeov respons comment parti germani state nel oper higher price offer bankrupt erba lautex gmbh respons statement made nel competitor germani claim nel lost potenti order precis offer higher price competitor germani claim nel current difficult situat leav possibl engag aggress price polici vi assess aid mean articl ec treati financi assist deriv public resourc award nel bankrupt erba lautex gmbh give entiti advantag competitor textil market highli competit european product market suffer overcapac financi advantag favour compani competitor threaten distort competit affect trade member state nel incur loss state restructur oper own bankrupt compani erba lautex gmbh firm difficulti decis initi formal investig procedur commiss consid privat investor made financi support entiti view difficulti financi measur public author nel erba lautex gmbh regard state aid mean articl ec treati purport rescu aid grant bv public agenc sab public bank defer payment constitut seri measur assess commiss germani contest fact nel bankrupt erba lautex gmbh regard entiti difficulti accept loan bv sab grant directli nel regard rescu aid commiss maintain stanc germani contest view capit inject erba lautex gmbh regard aid consid measur threaten distort competit common market affect trade member state commiss capit inject constitut aid decis initi formal investig procedur commiss consid reimburs capit inject erba lautex gmbh investor agre privatis contract confer financi advantag investor capit inject confer advantag bankrupt erba lautex gmbh capit increas eur million dem million bv reimburs investor bankrupt erba lautex gmbh advantag paid state resourc event remain compani advantag deem grant moment privatis bv agre reimburs investor event neg commiss decis aid previous grant compani bv act similarli guarantor capit inject analog commiss notic applic articl ec treati state aid form guarante advantag grant moment oblig back capit increas agre oblig invok payment made textil market highli competit market trade member state financi advantag threaten distort competit affect trade member state commiss refer decis ec describ circumst privatis bankrupt erba lautex gmbh place commiss consid market economi investor undertaken provid back capit inject expect obtain proce commiss maintain view measur regard state aid mean articl ec treati germani regist claim part estat bankruptci year reimburs investor alter fact capit increas constitut aid contrari lack dilig part german author regard addit financi advantag bankrupt compani creditor recipi aid commiss doubt germani claim newli creat nel regard sole recipi purport rescu aid initi formal investig procedur decis initi procedur commiss view nel bankrupt erba lautex gmbh form singl econom unit nel subsidiari bankrupt erba lautex gmbh asset leas asset bankrupt erba lautex gmbh order continu activ bankrupt erba lautex gmbh hold share asset control newli creat entiti commiss consid relev aid recipi group form bankrupt erba lautex gmbh parent compani subsidiari nel view support analysi entiti ultim benefit aid purport rescu aid nel benefit bankrupt erba lautex gmbh aid germani cover run cost make replac invest run cost expenditur incur order carri oper fix asset case consist salari energi deliveri raw materi aid coverag personnel expenditur directli benefit nel nel oper erba lautex gmbh instal machineri aid cover cost deriv replac invest ultim result advantag bankrupt erba lautex gmbh capit inject benefit erba lautex gmbh take account fact nel bankrupt erba lautex gmbh form group benefit aid assum consid relev aid recipi derog articl ec treati aid grant group constitut nel erba lautex gmbh total eur million dem million consist eur million dem million purport rescu aid eur million dem million form capit inject aid grant approv scheme assess aid commiss articl ec treati lai exempt gener prohibit aid stipul articl exempt articl ec treati appli 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 applic exempt laid articl ec treati aid grant region develop purpos restor long term viabil undertak difficulti exempt articl ec treati appli articl authoris state aid grant promot develop econom activ aid advers affect trade condit extent contrari common interest measur germani prepar regard aid constitut rescu aid view germani argu aid small busi provid evid firm small busi commiss issu special guidelin assess rescu restructur aid preliminari examin commiss consid commun guidelin research develop environ small medium enterpris employ train appli case aid grant april commun guidelin decemb hereinaft refer quot guidelin quot applic elig firm germani claim sole aid recipi nel auffanggesellschaft qualifi except footnot guidelin explain footnot rescu restructur aid compani länder emerg liquid takeov asset occur decemb decis initi formal investig procedur commiss note liquid transfer asset place germani claim initi bankruptci proceed form liquid leas asset compar takeov commiss disagre view bankruptci proceed form liquid natur liquid asset transform cash liquid refer sell asset payment liabil anticip busi sens wind relat distribut compani asset creditor member prior dissolut hand bankruptci result reorganis continu oper firm requir liquid distribut proce bankruptci liquid issu initi bankruptci proceed necessarili compani liquid german law possibl continu activ case decis continu activ unspecifi point time effect decis initi bankruptci proceed compar decis liquid compani argument leas asset consid compar takeov commiss reject view natur leas contract purchas contract radic leas contract lesse hire asset lessor lessor retain ownership lesse acquir asset specif period time return payment specif rental payment purchas contract ownership transfer seller purchas price legal right oblig purchas lesse radic compar purpos footnot guidelin case relev transact place group nel independ entiti wholli own parent compani bankrupt erba lautex gmbh asset quot quot mean guidelin commiss take view criteria footnot guidelin met examin aid group consid rescu restructur aid basi guidelin complianc criteria set guidelin measur germani aid constitut rescu aid grant sole nel explain commiss believ group constitut bankrupt erba lautex subsidiari nel regard relev recipi consid capit increas constitut aid assess guidelin order consid rescu aid mean guidelin aid consist liquid support form loan loan guarante grant market rate reimburs period month grant basi social difficulti limit period month firm futur assess restructur liquid plan devis capit increas liquid support grant market condit inform accept period month rescu aid approv substanti exceed present case justif provid purport rescu aid inform submit repaid compani year count repay interest capit increas highli doubt paid back addit commiss conclud rescu aid grant futur recipi assess futur nel assess restructur plan prepar date creation award purport rescu aid bankrupt erba lautex gmbh futur remain unclear decid continu activ nel unspecifi period time germani state rescu aid restructur nel start commiss consid aim rescu aid guidelin compani busi futur determin appli degre flexibl rescu aid approv unlimit period time precis case restructur suppos start sale nel date envisag year launch call tender sale place restructur step undertaken fact nel sold render purport rescu aid compat mean paid back full case view commiss conclud aid accept rescu aid reason list conclud aid consid compat restructur aid germani submit restructur plan group germani recent claim creation subsidiari profit asset transfer regard form restructur bankrupt erba lautex gmbh restructur expect plan restructur liquid bankrupt erba lautex gmbh sole plan submit commiss concern nel part group realist expect group part restor viabil germani state viabil bankrupt erba lautex gmbh restor report assembl creditor state bankrupt compani revitalis germani claim viabil nel restor depend sold state repeatedli investor acquir legal entiti signific contribut aid recipi expect lastli commiss take account comment submit parti effect continu activ bankrupt erba lautex gmbh nel unrecov incompat aid aid distort competit common market applic deggendorf doctrin decis initi formal investig procedur commiss thought recoveri aid declar incompat decis ec accord judgment court justic european commun case textilwerk deggendorf commiss germani commiss examin compat state aid common market relev factor account includ circumst consid prior decis oblig decis impos member state commiss respons examin aid assess cumul effect term distort market aid unrecov incompat aid commiss decis ec found state aid amount eur million dem million grant erba lautex gmbh unlaw incompat common market articl decis requir germani recov aid recipi germani contest decis prescrib period legal enforc commiss point purpos recov unlaw incompat aid put end undu distort competit common market caus aid respect note aid recov bankrupt erba lautex gmbh continu oper nel market distort competit brought end aid contribut improv situat contrari erba lautex gmbh nel continu activ commiss consid aid neg cumul effect competit vii conclus commiss find germani unlawfulli implement aid question breach articl ec treati aid consid compat common market neg cumul effect adopt decis articl state aid amount eur million dem million grant germani group constitut bankrupt erba lautex gmbh wholli own subsidiari neue erba lautex gmbh incompat common market articl germani measur recov aid unlawfulli made recipi refer articl recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date 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 march commiss mario monti member commiss oj footnot bankruptci proceed initi decemb germani state mr maron investor manag erba lautex gmbh longer post oj oj oj oj footnot point guidelin state quot commiss examin compat common market rescu restructur aid grant authoris basi guidelin aid grant public offici journal european commun quot ecr