commiss decis septemb amend decis eec state aid favour hilatura tejido andaluc sa call mediterráneo técnica textil sa buyer spanish text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area point articl thereof notic accord articl ec treati interest parti submit comment hilatura tejido andaluc sa hytasa call mediterráneo técnica textil sa mtt privat compani financi difficulti acquir patrimonio del estado hytasa manufactur textil product plant sevil region acquisit patrimonio del estado launch restructur plan financ spanish sector scheme capit inject amount pta million effort prevent hytasa poor econom result ev spanish access commun hytasa capit virtual disappear complaint commiss requir spanish author suppli inform alleg capit contribut made hytasa onward repli spanish author commiss determin capit inject amount pta million paid hytasa spanish author inform commiss hytasa privat condit privat process entail pta million capit inject patrimonio del estado bidder hytasa spanish author select offer hilatura gossypium sa base barcelona industria textil del guadiana sa base badajoz spanish govern consid buyer made interest offer econom term afford assur futur viabil compani assess base industri recoveri plan suggest buyer financi abil carri foreseen futur capit increas experi textil sector inher advantag fact buyer own industri commerci structur implement hytasa industri plan sale contract suppli spanish author term sale sale price share compani set pta million period year buyer undertook sell share previous author patrimonio sharehold restrict oper ensur mainten major stake buyer buyer carri lai off prior agreement reach worker repres framework scheme earli retir temporari suspens employ compani pai dividend year period period buyer split compani sell part facil exist time sale real estat proce sale real estat compani buyer implement recoveri plan attach sale contract brand name intang acquir hytasa capit increas pta million carri patrimonio time sale improv financi situat hytasa financ invest cater dismiss buyer waiv financi benefit aris claim hytasa patrimonio consid hytasa balanc sheet june part contract proviso seller bear financi consequ action prior sale compani buyer undertook increas capit compani pta million pai sum moment purchas juli commiss initi articl procedur respect pta million capit contribut provid state hytasa spanish access addit aid state grant connect sale compani commiss consid financi intervent constitut aid mean articl aid qualifi principl exempt provid articl decis notifi spanish govern letter date august octob spanish govern gave comment procedur argument spanish author state aid involv sale hytasa compani sold highest bidder offer intern market author point term sale involv aid sale hytasa put compani privat hand meant implement recoveri plan drawn buyer particip financ capit contribut pta million incorpor compani asset view sale design simpli compani busi ensur econom technic financi recoveri reason public intervent compli provis applic commun law spanish author firm locat sevil elig region aid suggest exempt provid articl applic comment receiv letter date januari german feder textil industri accord procedur comment transmit spanish author letter date februari spanish author repli letter date march restructur programm drawn owner present spanish author comment open procedur plan provid implement invest programm pta million main intervent concern cotton sector increas product finish product expect rang output plan provid reduct workforc employe earli retir incent departur cost incent departur born hytasa estim pta million plan envisag gradual improv hytasa financi situat loss amount pta million compani anticip small profit pta million commiss rais doubt recoveri plan meet repres patrimonio del estado march request spanish author present revis restructur plan plan submit spanish author june plan provid product commerci polici hytasa compani sell finish product product increas product product line establish higher emphasi design fashion obtain higher sale product inform suppli product capac spin weav oper reduc figur order fulfil addit semi finish materi compani resort extern supplier employe workforc reduc total cost reduct estim pta million pta million pta million compani make loss modest posit result pta million expect compani obtain posit result pta million pursuanc abovement procedur articl commiss final decis march decis eec decis found action patrimonio del estado relat hytasa consid state aid public natur patrimonio financi resourc basi privat market economi investor principl consid patrimonio del estado act commiss establish decis eec capit contribut pta million hytasa period grant illeg notifi case articl commiss account fact spanish industri polici respect public compani join european commun januari base principl radic underli competit polici ec treati access compani adapt competit environ capit contribut pta million hytasa aim facilit adapt artifici relaunch activ basi commiss articl decis conclud consid aid met condit articl except commiss held state decis aid pta million contain capit contribut provid patrimonio del estado hytasa privat juli illeg award spanish govern breach provis articl equal commiss consid aid incompat fulfil condit qualif except articl articl commiss consid hytasa situat sevil area qualifi region aid articl aid hytasa grant region scheme previous approv commiss basi ad hoc decis spanish govern establish aid consid region elig compat articl genuin contribut long term develop region turn articl commiss consid examin initi restructur plan revis version plan reduct product sale intermedi good larg offset increas manufactur sale finish product basi commiss consid hytasa restructur plan provid suffici quid pro quo aid cutback number employe envisag plan commiss consid basi reduct achiev date adopt decis eec object reduc workforc attain articl decis aid consid incompat common market patrimonio del estado order recov pta million compani ii june spain brought action pursuant articl ec treati annul articl decis eec judgment septemb join case spain commiss court justic accept argument element pta million constitut aid mean articl court agre aid element illeg grant breach provis articl court justic held basi commun commiss region aid system commiss justifi aid grant basi ad hoc decis principl meet criterion region specif circumst member state concern establish aid question fulfil region specif criterion court justic rule commiss criteria consid ad hoc aid exception region charact fact aid grant basi ad hoc decis necessarili preclud region aid mean articl court justic commiss suffici argu claim restructur plan ensur viabil hytasa commiss analys impact revis plan restor hytasa profit court deem analysi case restructur plan provid substanti redirect product manufactur finish product court justic consid commiss analysi compat aid articl meet criteria establish basi court justic annul paragraph articl articl decis eec procedur commenc articl remain open partial annul decis eec court judgment commiss adopt decis amend decis march put end procedur iii order due account judgment court justic commiss reassess aid patrimonio del estado hytasa part privat compat common market articl set case aid correspond definit contain paragraph compat common market aid hytasa match case articl enumer case aid consid compat common market point refer aid promot econom develop area standard live abnorm low underemploy point refer aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest aid hytasa privat framework region scheme virtu ad hoc decis mention part ii decis court justic held judgment septemb fact aid basi ad hoc decis preclud region aid purpos articl assess aid hytasa consid compat common market pursuant articl commiss pursuant articl time aid commiss establish polici restructur aid point eighth report competit restructur aid strictli condit implement sound restructur convers programm duli effect serv restor viabil product concern intens amount restrict strict minimum support firm inevit transit period programm take effect period involv limit assist gradual reduc condit strictli observ end transfer social industri problem member state give recipi firm moment respit problem reappear exacerb form commiss receiv restructur plan hytasa view ensur compani viabil ask spanish author present plan spanish author submit plan cover period compani return viabil envisag radic reorient activ concentr final phase product process increas decreas product capac clear yardstick assess precis reduct activ compani plan share finish cotton product turnov rise whilst share cotton cloth rise share finish wool product turnov decreas period staff consist employe restructur process oppos origin plan aid element pta million greatli exceed invest envisag pta million compani balanc sheet net invest amount pta million pta million net figur shutdown capac neg figur invest higher state submit balanc sheet compani unusu high equiti capit ratio huge asset compani disclos asset pta million compar total oper incom pta million result asset turnov ratio refer firm abil gener sale asset compani output low compani unnecessari asset possibl neg impact compani profit depreci high relat turnov amount asset financ compani expect reach viabil total asset turnov low commiss analysi compani held extrem larg stock dai sale stock ratio dai stock figur chang subsequ balanc sheet forecast year remark decreas stock success restructur context mention comparison envisag product finish cotton unit envisag sale show growth surplu product equival pta million relat net turnov pta million compani main problem poor profit commiss note order demonstr compani viabil restructur plan made crucial assumpt explain substanti growth turnov consider higher unit price finish cotton product signific amelior workforc product turnov expect rise finish cotton product cotton cloth suppos increas relat total turnov cost structur compani increas turnov essenti restructur explan spanish author justifi increas bear mind compani intend produc sell product entail difficulti begin forecast optimist plan compani envisag main line product finish cotton product increas averag price unit crucial assumpt inform justif price level provid compani reach viabil averag price unit finish cotton product estim restructur programm entail increas averag price reliabl improv workforc cost structur commiss calcul tonn metr unit produc worker year compar figur product level restructur plan worker activ spin weav cotton wool product finish cotton product ratio product compani workforc poor offer scope improv recoveri envisag restructur programm steep rapid commiss analysi product workforc finish cotton product expect increas product cotton cloth increas product cotton spin weav activ increas consid unproduct year output figur employe compar compani product progress expect extrem compani intend increas turnov period year workforc deal administr matter reduc reduct administr task outsourc turn meant consider increas extern servic cost account restructur plan larg scale expans plan sale cotton cloth design consum increas semi finish product due limit product capac result increas raw materi consum calcul expenditur remain modest inform margin semi finish product contain plan take abovement consider account fact figur contain restructur plan present make sens commiss conclud assumpt show long term viabil compani reason time scale unrealist unreli gener accept evid suppli made assumpt justifi capac compani repai debt basi lower realist turnov rais doubt plan compani obtain posit result pta million unclear compani owner assum financ restructur process longer conclud envisag plan lack credibl precis problem restructur plan present pose commiss state fact plan base forecast highli optimist spanish author furnish recent year evid suggest commiss aim ensur reconstruct viabil compani commiss equal account fact buyer fulfil oblig pai capit increas requir framework sale contract pta million total pta million inform commiss pta million paid moment sale half amount expect time adopt decis eec contribut made compani rais doubt abil hytasa buyer meet oblig increas compani capit pta million commiss conclud lack financi mean compani legitim count mean feasibl oper futur exist compani depend amount resourc commit rapid jeopard view commiss fact compani restructur locat area elig region aid justifi permiss approach restructur aid medium long term artifici sustain compani ultim viabl consid cover except contain articl damag economi region resourc region scheme shortag creat wealth neutral structur underdevelop restructur process compani econom viabl order contribut real develop region requir continu aid commiss consid restructur plan present spanish author case hytasa ensur compani long term viabil aid deem promot econom develop area mean articl consid compat common market basi consid compat common market basi except contain articl view commiss aid firm difficulti entail high risk common market frustrat unduli retard process structur adjust maintain firm normal market condit disappear restructur reason commiss requir aid subject implement solid restructur convers programm restor long term viabil beneficiari restructur plan submit ensur viabil hytasa except contain articl appli commiss view abovement restructur plan render compani viabl confirm financi intervent favour spanish author engag restructur plan implement bankruptci owner hilatura gossypium improasa execut compani patrimonio del estado acquir mtt share properti belong mtt mortgag favour improasa pta million improasa acquir promissori note issu mtt pta million credit amount pta million compani instituto de fomento de andalucía ifa part aid scheme approv commiss mtt find present financi strait liabil worth pta million decid compet spanish author suspend indefinit payment compani view liquid subsequ sale asset pai debt iv case aid deem incompat common market commiss requir member state reclaim aid recipi respect commiss commun publish novemb judgment court justic case commiss germani deufil commiss case aid hytasa subject decis pta million grant compani recov recoveri aid made accord spanish law includ provis interest due late payment amount ow govern interest run date award aid commiss letter member state sg march judgment court justic case belgium commiss case law court justic recoveri aid mean provis appli recoveri requir commun law render practic imposs procedur difficulti regard implement measur influenc law case previous cite sale contract sign time spanish author buyer import financi event occur consequ act prior sale compani born seller claus state compens buyer oblig reimburs aid deem commiss incompat common market state decis eec commiss consid neutral essenc decis perpetu distort competit caus aid constitut mean circumv provis state aid contain treati render ineffect basi principl primaci commun law provis carri compani benefit undu advantag confer illeg aid reimburs adopt decis articl commiss decis eec amend articl paragraph replac paragraph aid consid incompat common market mean articl ec treati meet condit except contain paragraph articl appli articl replac text articl patrimonio del estado recov mediterráneo técnica textil hilatura tejido andaluc sa hytasa pta million grant recoveri aid made accord spanish law includ provis interest due late payment amount ow govern interest run date award aid provis appli recoveri requir commun law render practic imposs procedur difficulti regard implement measur influenc effect articl replac text articl agreement provid compens buyer hilatura tejido andaluc sa state patrimonio del estado result oblig reimburs aid basi decis carri articl spanish govern inform commiss month notif decis measur compli articl decis address kingdom spain brussel septemb commiss karel van miert member commiss oj oj aid element result subtract pta million paid buyer compani pta million capit inject patrimonio del estado ecr oj except contain articl applic case ifa public entiti belong andalusian autonom commun state aid oj ecr ecr ecr