commiss decis aid grant germani herborn und breitenbach gmbh drahtziehmaschinenwerk grüna gmbh notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl regard agreement european econom area articl thereof interest parti pursuant articl period submit comment march commiss decid initi proceed articl ec treati respect state aid sket schwermaschinenbau magdeburg gmbh magdeburg sket smm proceed concern sket smm subsidiari entstaubungstechnik magdeburg gmbh magdeburg etm drahtziehmaschinenwerk grüna gmbh chemnitz dzm aid question receiv sket smm privatis restructur previous sket smm receiv aid commiss object nn nn proceed number juli commiss decid extend proceed state aid paid initi decis cover decis investor oestmann amp borchert industriebeteiligungen gbr withdrawn restructur plan end plan addit aid notifi octob sket smm forc file gesamtvollstreckungsverfahren gv bankruptci proceed länder plan subject initi decis juli restor sket smm viabil june commiss adopt neg final decis ec regard aid sket smm gv appli subsidiari etm dzm transfer feder offic special unif relat task bv decis ec termin case respect part sket smm cover gv case split separ part sket smm etm dzm dzm merg west german compani trade todai herborn amp breitenbach gmbh chemnitz amp decis refer amp letter date januari regist januari august regist august germani inform commiss amp transfer bv notifi aid grant amp initi gv sket smm letter present restructur plan adapt amp situat letter date octob germani notifi condit amp privatis agreement august restructur plan ii march april sket smm acquir kolbu gmbh amp kg direct investor oestmann amp borchert industriebeteiligungen withdrew privatis project end share amp beteiligungsgesellschaft gmbh amp gmbh amp kg combin merg subsidiari dzm amp remain subsidiari sket smm decemb amp transfer condit time debt bv agreement date januari west merchant bank charg bv find investor receiv bid respons open tender firm world contact negoti begun bidder take account busi plan job mainten guarante financi indic offer select option dissolv compani entail lower cost sell accompani financi measur consid select process accord gener principl appli commiss assess compani privatis privatis amp aid investor select mr henrich natur person experi wire draw machin industri sold famili firm manufactur machin financi invest hold compani ei group manag compani year mr henrich contract employ ei group agre acquisit amp septemb investor amp assum manag januari assum posit chairman supervisori board cabl wire divis ei group consist hold compani investor suppli contact potenti synergi knowledg busi structur amp combin herborn amp breitenbach gmbh chemnitz dzm share capit dem million time compani gener partner amp gmbh amp kg herborn employe busi plan design product wire draw machin herborn amp breitenbach gmbh amp kg herborn hessen limit liabil capit dem million gener partner capit dem million firm employe busi plan design product herborn amp breitenbach beteiligung gmbh unna north rhine westphalia wholli own herborn amp breitenbach gmbh chemnitz capit dem million compani act simpl shell compani specif object employe amp busi sale design product instal test mainten wire draw machin chemnitz herborn site machin intend branch industri automobil structur steelwork shipbuild construct energi suppli telecommun lightbulb manufactur investor restructur plan aim short protect market share reduc product cost amp restructur phase bought investor intend continu firm effort contribut contact plan maintain product site herborn chemnitz reduc cost divis task clarifi rationalis amp manufactur assembl chemnitz administr sale custom demonstr herborn streamlin product rang reduc cost structur adapt machin custom requir amp concentr sale servic view larg stock dzm amp machin develop product spare part packag deal modernis inspect machin increas outsourc compani cut job investor current job time guarante chemnitz herborn guarante valid year guarante product continu chemnitz site year job job guarante back contractu agre fine amp protect market share germani europ ci south east asia unit state initi investor contact busi programm reduc cost modernis product rang investor believ consider synergi obtain cooper firm chairmanship supervisori board cabl wire divis ei group past dem million invest improv exist build modernis technic plant year investor guarante invest approxim dem million year contractu fine latest turnov forecast combin achiev pre tax profit year iii amp remain sket combin receiv restructur aid occas point fact difficulti sket smm face led gesamtvollstreckung delai restructur amp aid disburs amp grant success restructur plan amp part sket combin plan provid restructur group amp transfer bv split combin plan compani significantli precis sale separ compani contempl todai amp privatis restructur plan financi indic adapt investor section ii examin commiss clariti sake financi measur list implement past provid connect privatis current plan measur concern grant special purpos alloc redund programm amount dem million dem million interest free loan waiv claim interest free loan grant bv dem million repai inherit credit juli loan bv dem million redeem inherit credit juli interest free credit bv dem million repai interest inherit loan waiver claim dem million connect discharg equalis liabil waiver interest dem million connect liabil credit waiver claim total dem million transform decemb grant dem million format capit reserv dem million dem million sket smm dem million loan grant loan dem million repai inherit credit juli sket smm bv pai amount bankruptci truste dem million loan bv dem million financ order sket smm bv repai bankruptci truste dem million maintain liquid dem million discharg liabil supplier settlement bv form interest free sharehold loan custom payment dem million erron made sket smm end amp liabil amount dem million dem million loan transfer repay grant dem million loan dem million special purpos alloc addit guarante dem million term half year januari juli charg financ advanc bv monei retain bank condit financ dem million privatis condit privatis agreement bv releas amp inherit debt grant complet restructur oblig seller bv waiver claim respect loan amount dem million convers repay grant ii waiver claim respect sharehold loan dem million grant connect gv sket smm iii payment repay restructur grant dem million part dem million januari june order maintain liquid financ invest iv share cost elimin inherit burden juli excess dem million ceil dem million assumpt risk repay claim tax author amount dem million oblig investor purchas price dem million ii assumpt call guarante dem million provis guarante total dem million iii assumpt irrevoc absolut guarante time limit dm million benefit bv august guarante reduc dem million annual seller met contractu oblig iv assumpt elimin inherit burden dem million figur bv assum cost ceil dem million contractu guarante penalti attach implement dem million invest june mainten job chemnitz site person year mainten chemnitz product site job guarante year vi investor amp gmbh amp gmbh amp kg undertaken make profit distribut withdraw open disguis decemb iv part proceed commiss receiv observ parti includ german competitor comment relat directli amp concern takeov amp sket smm competitor suppos interest takeov sale product amp appar term market price level remark commun germani letter date novemb german author repli letter date januari regist januari refer regard amp give detail explan german competitor lawyer rais object commiss claim problem price dump dzm stage german author show competitor concern enjoi genuin opportun market dzm price market price level regard takeov amp sket smm competitor purchas intent suppos order favour sket smm germani explain competitor exclud privatis negoti consid withdrawn accord aid dzm amp receiv grant consist aid grant period valid treuhand arrang nn treuhand arrang appli januari financ firm cover treuhandanstalt tha threshold valu number employe level aid met dzm amp subsidiari sket smm cover arrang sket smm exceed maximum threshold valu number employe level aid aid grant compani notifi commiss examin separ financ measur grant plan section iii involv total dem million addit bv made guarante dem million financ compani busi activ financi measur dem million regard accord decis treuhand arrang constitut state aid mean articl ec treati sum compris dem million financ inherit credit maximum dem million cost elimin inherit burden aid examin amount dem million figur break dem million special purpos alloc financ redund programm dem million waiv claim relat equalis liabil includ interest dem million loan convert repay grant dem million loan financ busi activ convert privatis repay grant dem million repay restructur grant dem million assumpt tax liabil addit guarante made recent year bv provis dem million dem million call notifi aid dzm amp intend restructur compani satisfi test set point commun guidelin state aid rescu restructur firm difficulti guidelin aid question loan part origin grant time dzm amp part sket combin largest industri group territori länder difficulti combin privatis prove imposs cumbersom structur gv advers affect viabil dzm amp make profit result neg slowli improv posit neg probabl factor improv result merger dzm amp combin collaps result link develop sket smm ultim led open gv octob amp result continu influenc section ii treuhand arrang appli amp receiv aid financ redund programm waiver equalis liabil purpos aid make start restructur compani tha bv respons ultim restructur compani task prepar compani privatis ultim restructur matter investor undoubtedli distinguish compani parent sket smm successfulli privatis period dzm amp integr restructur plan entir sket group end investor oestmann amp borchert withdrew privatis plan sket smm breakdown group restructur plan adapt situat roland berger consult plan object restructur group gv sket smm initi octob amp transfer amp receiv aid partli make financ order paid sket smm parent compani repai loan sket smm grant amp amount claim bankrupt estat liquid gv proceed initi aid likewis provid compani liquid enabl pai supplier section iii point transfer etm amp bv purpos prevent compani count bankrupt estat plan amp revis amp overcom difficulti parent gv creat busi activ privatis germani renotifi restructur plan amend investor contain lower amount aid privat investor previous involv condit guidelin prepar plan make long term compani return profit viabil addit aid forecast turnov cost reason result posit restructur includ intern measur reorganis product redistribut task site investor contribut contact consider knowledg industri section ii plan firm meet cost plan permit compani condit laid return viabil posit pre tax result achiev guidelin requir firm oper industri excess capac reduc capac proport aid receiv amp oper mechan engin industri precis manufactur cabl spin wire draw machin sector sign excess capac growth declin gener mechan engin industri commun notic acceler industri radic restructur commun gain import eastern europ result upturn countri asia upturn unit state produc import market germani commun market amp cabl spin wire draw machin unit state south east asia amp tradition repres countri eastern europ sign econom recoveri observ addit amp rank medium size firm criterion guidelin proportion cost benefit recycl amount aid limit strict minimum financ restructur aid amp receiv limit financ demand order maintain firm concern total involv dem million dem million guarante call cover claim liabil meet demand liquid question find liquid busi activ fund invest total dem million repay grant alloc tranch paid audit show accord object guarante assum investor bv assum respons claim recoveri tax dem million investor contribut case restructur cost dem million provis guarante dem million consist payment purchas price dem million assumpt irrevoc joint guarante time limit dem million call guarante dem million provis addit guarante dem million investor mr henrich contribut person commit consider contact industri concern guarante implement invest preserv job maintain chemnitz site guidelin requir restructur plan carri full commiss measur call aid repaid german author commiss interlocutor examin state aid commiss note assur plan properli implement commiss request annual report submit monitor implement restructur plan vi view forego commiss find restructur aid herborn amp breitenbach gmbh chemnitz drahtziehmaschinenwerk grüna gmbh regard compat common market provid satisfi condit set guidelin state aid rescu restructur firm difficulti adopt decis articl state restructur aid grant drahtziehmaschinenwerk grüna gmbh herborn amp breitenbach gmbh chemnitz compat common market accord articl ec treati articl eea agreement aid concern compris special purpos alloc financ redund programm dem million waiv claim relat equalis payment dem million dem million interest sharehold loan grant subsequ convert repay grant dem million loan convert grant repay grant total dem million assumpt tax liabil dem million provis guarante dem million dem million call prior assumpt investor articl accord commun guidelin state aid rescu restructur firm difficulti germani submit detail report year implement restructur plan articl decis address feder republ germani brussel commiss karel van miert member commiss oj oj oj oj oj twenti report competit polici point part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk footnot oj panorama eu industri vol