# Eiropas Savienības C 266/2010

| | ISSN 1725-5201
  doi:10.3000/17255201.C_2010.266.lav |
| --- | --- |
| Eiropas Savienības
  Oficiālais Vēstnesis | C 266 |
| | |
| Izdevums latviešu valodā | Informācija un paziņojumi | 53. sējums2010. gada 1. oktobris |

ISSN 1725-5201

doi:10.3000/17255201.C_2010.266.lav

Eiropas Savienības

Oficiālais Vēstnesis

C 266

Izdevums latviešu valodā

Informācija un paziņojumi

53. sējums2010. gada 1. oktobris

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| Paziņojums Nr. | Saturs | Lappuse |
| --- | --- | --- |
| | II   Informācija |
| | EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI |
| | Eiropas Komisija |
| 2010/C 266/01 | Valsts atbalsts ir atļauts saskaņā ar EK līguma 87. un 88. panta noteikumiem – Gadījumi, pret kuriem Komisijai nav iebildumu (
  1
  ) | 1 |
| 2010/C 266/02 | Iebildumu necelšana pret paziņoto koncentrāciju (Lieta COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  ) | 2 |

Paziņojums Nr.

Saturs

Lappuse

II   Informācija

EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI

Eiropas Komisija

2010/C 266/01

Valsts atbalsts ir atļauts saskaņā ar EK līguma 87. un 88. panta noteikumiem – Gadījumi, pret kuriem Komisijai nav iebildumu (
  1
  )

1

1

2010/C 266/02

Iebildumu necelšana pret paziņoto koncentrāciju (Lieta COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  )

CDC/Veolia Environment/Transdev/Veolia Transport

1

2

| | IV   Paziņojumi |
| --- | --- |
| | EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI |
| | Eiropas Komisija |
| 2010/C 266/03 | Euro maiņas kurss | 3 |

IV   Paziņojumi

EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI

Eiropas Komisija

2010/C 266/03

Euro maiņas kurss

3

| | V   Atzinumi |
| --- | --- |
| | PROCEDŪRAS, KAS SAISTĪTAS AR KOPĒJĀS TIRDZNIECĪBAS POLITIKAS ĪSTENOŠANU |
| | Eiropas Komisija |
| 2010/C 266/04 | Paziņojums par antidempinga pasākumiem, kuri ir spēkā attiecībā uz dažu tāda polietilēntereftalāta veidu importu Savienībā, kura izcelsme cita starpā ir Malaizijā, – nosaukuma maiņa uzņēmumam, kuram piemēro individuālo antidempinga maksājuma likmi | 4 |
| | PROCEDŪRAS, KAS SAISTĪTAS AR KONKURENCES POLITIKAS ĪSTENOŠANU |
| | Eiropas Komisija |
| 2010/C 266/05 | Valsts atbalsts – Austrija – Valsts atbalsts C 16/09 – Hypo Group Alpe Adria (HGAA) – Uzaicinājums iesniegt piezīmes saskaņā ar LESD 108. panta 2. punktu (
  1
  ) | 5 |
| 2010/C 266/06 | Iepriekšējs paziņojums par koncentrāciju (Lieta COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  ) | 11 |
| 2010/C 266/07 | Iepriekšējs paziņojums par koncentrāciju (Lieta COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Lieta, kas pretendē uz vienkāršotu procedūru (
  1
  ) | 12 |

V   Atzinumi

PROCEDŪRAS, KAS SAISTĪTAS AR KOPĒJĀS TIRDZNIECĪBAS POLITIKAS ĪSTENOŠANU

Eiropas Komisija

2010/C 266/04

Paziņojums par antidempinga pasākumiem, kuri ir spēkā attiecībā uz dažu tāda polietilēntereftalāta veidu importu Savienībā, kura izcelsme cita starpā ir Malaizijā, – nosaukuma maiņa uzņēmumam, kuram piemēro individuālo antidempinga maksājuma likmi

4

PROCEDŪRAS, KAS SAISTĪTAS AR KONKURENCES POLITIKAS ĪSTENOŠANU

Eiropas Komisija

2010/C 266/05

Valsts atbalsts – Austrija – Valsts atbalsts C 16/09 – Hypo Group Alpe Adria (HGAA) – Uzaicinājums iesniegt piezīmes saskaņā ar LESD 108. panta 2. punktu (
  1
  )

Hypo Group Alpe Adria

HGAA

1

5

2010/C 266/06

Iepriekšējs paziņojums par koncentrāciju (Lieta COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  )

Finavias/Abertis/Autopista Trados M-45

1

11

2010/C 266/07

Iepriekšējs paziņojums par koncentrāciju (Lieta COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Lieta, kas pretendē uz vienkāršotu procedūru (
  1
  )

Apotheek Docmorris/K-Mail Order/JV

1

12

| | |
| --- | --- |
| | (1)   Dokuments attiecas uz EEZ |

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(1)   Dokuments attiecas uz EEZ

1

| LV | |
| --- | --- |

LV

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II Informācija

EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI

Eiropas Komisija

| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/1 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/1

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Valsts atbalsts ir atļauts saskaņā ar EK līguma 87. un 88. panta noteikumiem

Gadījumi, pret kuriem Komisijai nav iebildumu

(Dokuments attiecas uz EEZ)

2010/C 266/01

| Lēmuma pieņemšanas datums | 23.2.2009. |
| --- | --- |
| Atbalsts Nr. | N 727/07 |
| Dalībvalsts | Itālija |
| Reģions | Veneto |
| Nosaukums (un/vai saņēmēja nosaukums) | Istituzione del «Fondo di rotazione per le agrienergie» |
| Juridiskais pamats | Legge regionale 12 dicembre 2003 n. 40 «Nuove norme per gli interventi in agricoltura» articolo 58 ter |
| Pasākuma veids | Atbalsta shēma |
| Mērķis | Vides aizsardzība |
| Atbalsta veids | Procentu subsīdija |
| Budžets | Kopējais plānotais atbalsta apjoms EUR 30 miljoni |
| Atbalsta intensitāte | 80 % |
| Atbalsta ilgums | līdz 31.12.2010. |
| Tautsaimniecības nozares | Elektroapgāde, gāzes apgāde un ūdensapgāde |
| Piešķīrējas iestādes nosaukums un adrese | Giunta Regionale Regione Veneto |
| Palazzo Balbi |
| 3013 Venezia VE |
| ITALIA |

Lēmuma pieņemšanas datums

23.2.2009.

Atbalsts Nr.

N 727/07

Dalībvalsts

Itālija

Reģions

Veneto

Nosaukums (un/vai saņēmēja nosaukums)

Istituzione del «Fondo di rotazione per le agrienergie»

Juridiskais pamats

Legge regionale 12 dicembre 2003 n. 40 «Nuove norme per gli interventi in agricoltura» articolo 58 ter

Pasākuma veids

Atbalsta shēma

Mērķis

Vides aizsardzība

Atbalsta veids

Procentu subsīdija

Budžets

Kopējais plānotais atbalsta apjoms EUR 30 miljoni

Atbalsta intensitāte

80 %

Atbalsta ilgums

līdz 31.12.2010.

Tautsaimniecības nozares

Elektroapgāde, gāzes apgāde un ūdensapgāde

Piešķīrējas iestādes nosaukums un adrese

Giunta Regionale Regione Veneto

Palazzo Balbi

3013 Venezia VE

ITALIA

Cita informācija

—

Lēmuma autentiskais(-ie) teksts(-i) bez konfidenciālās informācijas ir pieejams(-i):

http://ec.europa.eu/community_law/state_aids/state_aids_texts_lv.htm

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| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/2 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/2

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Iebildumu necelšana pret paziņoto koncentrāciju

(Lieta COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport)

(Dokuments attiecas uz EEZ)

2010/C 266/02

Komisija 2010. gada 12. augustā nolēma neiebilst pret iepriekš minēto paziņoto koncentrāciju un atzīt to par saderīgu ar kopējo tirgu. Šis lēmums pamatots ar Padomes Regulas (EK) Nr. 139/2004 6. panta 1. punkta b) apakšpunktu. Pilns lēmuma teksts ir pieejams tikai franču valodā, un to publicēs pēc tam, kad no teksta būs izņemta visa komercnoslēpumus saturošā informācija. Lēmums būs pieejams:

| — | Komisijas konkurences tīmekļa vietnes uzņēmumu apvienošanos sadaļā (http://ec.europa.eu/competition/mergers/cases/). Šajā tīmekļa vietnē ir pieejamas dažādas individuālo apvienošanās lēmumu meklēšanas iespējas, tostarp meklēšana pēc sabiedrības nosaukuma, lietas numura, datuma un nozaru kodiem, |
| --- | --- |

—

Komisijas konkurences tīmekļa vietnes uzņēmumu apvienošanos sadaļā (http://ec.europa.eu/competition/mergers/cases/). Šajā tīmekļa vietnē ir pieejamas dažādas individuālo apvienošanās lēmumu meklēšanas iespējas, tostarp meklēšana pēc sabiedrības nosaukuma, lietas numura, datuma un nozaru kodiem,

| — | elektroniskā veidā EUR-Lex tīmekļa vietnē (http://eur-lex.europa.eu/lv/index.htm) ar dokumenta numuru 32010M5741. EUR-Lex piedāvā tiešsaistes piekļuvi Eiropas Kopienu tiesību aktiem. |
| --- | --- |

—

elektroniskā veidā EUR-Lex tīmekļa vietnē (http://eur-lex.europa.eu/lv/index.htm) ar dokumenta numuru 32010M5741. EUR-Lex piedāvā tiešsaistes piekļuvi Eiropas Kopienu tiesību aktiem.

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IV Paziņojumi

EIROPAS SAVIENĪBAS IESTĀŽU UN STRUKTŪRU SNIEGTI PAZIŅOJUMI

Eiropas Komisija

| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/3 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/3

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Euro maiņas kurss (1)

2010. gada 30. septembris

2010/C 266/03

1 euro =

| | Valūta | Maiņas kurss |
| --- | --- | --- |
| USD | ASV dolārs | 1,3648 |
| JPY | Japānas jena | 113,68 |
| DKK | Dānijas krona | 7,4519 |
| GBP | Lielbritānijas mārciņa | 0,85995 |
| SEK | Zviedrijas krona | 9,1421 |
| CHF | Šveices franks | 1,3287 |
| ISK | Islandes krona | |
| NOK | Norvēģijas krona | 7,9680 |
| BGN | Bulgārijas leva | 1,9558 |
| CZK | Čehijas krona | 24,600 |
| EEK | Igaunijas krona | 15,6466 |
| HUF | Ungārijas forints | 275,75 |
| LTL | Lietuvas lits | 3,4528 |
| LVL | Latvijas lats | 0,7094 |
| PLN | Polijas zlots | 3,9847 |
| RON | Rumānijas leja | 4,2718 |
| TRY | Turcijas lira | 1,9806 |
| AUD | Austrālijas dolārs | 1,4070 |
| CAD | Kanādas dolārs | 1,4073 |
| HKD | Hongkongas dolārs | 10,5918 |
| NZD | Jaunzēlandes dolārs | 1,8436 |
| SGD | Singapūras dolārs | 1,7942 |
| KRW | Dienvidkorejas vona | 1 550,65 |
| ZAR | Dienvidāfrikas rands | 9,5438 |
| CNY | Ķīnas juaņa renminbi | 9,1321 |
| HRK | Horvātijas kuna | 7,3058 |
| IDR | Indonēzijas rūpija | 12 173,44 |
| MYR | Malaizijas ringits | 4,2101 |
| PHP | Filipīnu peso | 59,869 |
| RUB | Krievijas rublis | 41,6923 |
| THB | Taizemes bāts | 41,442 |
| BRL | Brazīlijas reāls | 2,3201 |
| MXN | Meksikas peso | 17,1258 |
| INR | Indijas rūpija | 61,2470 |

Valūta

Maiņas kurss

USD

ASV dolārs

1,3648

JPY

Japānas jena

113,68

DKK

Dānijas krona

7,4519

GBP

Lielbritānijas mārciņa

0,85995

SEK

Zviedrijas krona

9,1421

CHF

Šveices franks

1,3287

ISK

Islandes krona

NOK

Norvēģijas krona

7,9680

BGN

Bulgārijas leva

1,9558

CZK

Čehijas krona

24,600

EEK

Igaunijas krona

15,6466

HUF

Ungārijas forints

275,75

LTL

Lietuvas lits

3,4528

LVL

Latvijas lats

0,7094

PLN

Polijas zlots

3,9847

RON

Rumānijas leja

4,2718

TRY

Turcijas lira

1,9806

AUD

Austrālijas dolārs

1,4070

CAD

Kanādas dolārs

1,4073

HKD

Hongkongas dolārs

10,5918

NZD

Jaunzēlandes dolārs

1,8436

SGD

Singapūras dolārs

1,7942

KRW

Dienvidkorejas vona

1 550,65

ZAR

Dienvidāfrikas rands

9,5438

CNY

Ķīnas juaņa renminbi

9,1321

HRK

Horvātijas kuna

7,3058

IDR

Indonēzijas rūpija

12 173,44

MYR

Malaizijas ringits

4,2101

PHP

Filipīnu peso

59,869

RUB

Krievijas rublis

41,6923

THB

Taizemes bāts

41,442

BRL

Brazīlijas reāls

2,3201

MXN

Meksikas peso

17,1258

INR

Indijas rūpija

61,2470

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(1)  Datu avots: atsauces maiņas kursu publicējusi ECB.

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V Atzinumi

PROCEDŪRAS, KAS SAISTĪTAS AR KOPĒJĀS TIRDZNIECĪBAS POLITIKAS ĪSTENOŠANU

Eiropas Komisija

| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/4 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/4

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Paziņojums par antidempinga pasākumiem, kuri ir spēkā attiecībā uz dažu tāda polietilēntereftalāta veidu importu Savienībā, kura izcelsme cita starpā ir Malaizijā, – nosaukuma maiņa uzņēmumam, kuram piemēro individuālo antidempinga maksājuma likmi

2010/C 266/04

Dažu Malaizijas izcelsmes polietilēntereftalāta veidu importam piemēro galīgo antidempinga maksājumu, kas noteikts ar Padomes Regulu (EK) Nr. 192/2007 (1) (“Regula (EK) Nr. 192/2007”).

Uzņēmums Hualon Corporation (M) Sdn. Bhd. (“Hualon”), kurš atrodas Malaizijā un kura dažu polietilēntereftalāta veidu eksportam uz Savienību piemēro individuālo antidempinga maksājumu EUR 36,0 par tonnu, kas noteikts ar Regulas (EK) Nr. 192/2007 1. panta 2. punktu, ir informējis Komisiju, ka 2008. gada 23. jūlijā visus tā Malaizijas aktīvus un saistības ir pārņēmis uzņēmums Recron (Malaysia) Sdn. Bhd. (“Recron”), kurš kļuvis par tā tiesisko pēcteci.

Hualon ir paziņojis, ka minētā pārņemšana un nosaukuma maiņa neietekmē uzņēmuma darbību saistībā ar attiecīgo ražojumu, tādēļ Recron ir tiesības izmantot individuālo antidempinga maksājuma likmi, kura ar Regulu (EK) Nr. 192/2007 piemērota Hualon.

Komisija pārbaudīja sniegto informāciju un, ņemot vērā, ka uzņēmumu, kurš pieprasa nosaukuma maiņu, ir pārņēmis uzņēmums, kurš iepriekš neražoja attiecīgo ražojumu, secināja, ka nosaukuma maiņa nekādā veidā neietekmē Regulā (EK) Nr. 192/2007 izklāstītos secinājumus. Tāpēc atsauce Regulas (EK) Nr. 192/2007 1. panta 2. punktā uz

Hualon Corp. (M) Sdn. Bhd.

jālasa kā atsauce uz

Recron (Malaysia) Sdn. Bhd.

TARIC papildu kods A186, kas iepriekš attiecās uz Hualon Corp. (M) Sdn. Bhd., jāattiecina uz Recron (Malaysia) Sdn. Bhd.

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(1)  OV L 59, 27.2.2007., 1. lpp.

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PROCEDŪRAS, KAS SAISTĪTAS AR KONKURENCES POLITIKAS ĪSTENOŠANU

Eiropas Komisija

| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/5 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/5

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VALSTS ATBALSTS – AUSTRIJA

Valsts atbalsts C 16/09 – Hypo Group Alpe Adria (HGAA)

Uzaicinājums iesniegt piezīmes saskaņā ar LESD 108. panta 2. punktu

(Dokuments attiecas uz EEZ)

2010/C 266/05

Ar 2010. gada 22. jūnija vēstuli, kas sagatavota autentiskā valodā un pievienota šim kopsavilkumam, Komisija informēja Austriju par tās lēmumu pagarināt atļauju īstenot atbalstu, kas pagaidām ir atzīts par saderīgu ar iekšējo tirgu, un paplašināt procedūru, kā tas noteikts Līguma par Eiropas Savienības darbību 108. panta 2. punktā.

Divu nedēļu laikā pēc šā kopsavilkuma un tam pievienotās vēstules publicēšanas ieinteresētās personas var iesniegt savas piezīmes par pasākumiem, attiecībā uz kuriem Komisija paplašina procedūru, nosūtot tās uz šādu adresi:

| European Commission |
| --- |
| Directorate-General for Competition |
| State aid Greffe |
| Office: J-70, 03/219 |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |
| Fakss +32 22961242 |

European Commission

Directorate-General for Competition

State aid Greffe

Office: J-70, 03/219

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

Fakss +32 22961242

Šīs piezīmes paziņos Austrijai. Ieinteresētā persona, kas iesniedz piezīmes, var rakstiski pieprasīt, lai tās identitāte netiktu atklāta, norādot šādas prasības iemeslus.

1.   PROCEDŪRA

Ar 2008. gada 18. decembra lēmumu lietā N 615/08 Eiropas Komisija apstiprināja Vācijas valsts ārkārtas atbalstu HGAA kontrolpaketes īpašniekam BayernLB – EUR 4,8 miljardus garantijas veidā un EUR 10 miljardus kapitāla ieguldījuma veidā, pamatojoties uz LESD 107. panta 3. punkta b) apakšpunktu. Šo atbalstu atļāva īstenot sešus mēnešus vai līdz brīdim, kad tiks iesniegts ticams un pamatots bankas pārstrukturēšanas plāns. Minētais atbalsts BayernLB ļāva EUR 700 miljonus ieguldīt tā meitasuzņēmumā HGAA. Tajā pašā mēnesī Austrija saskaņā ar valsts banku atbalsta programmu HGAA piešķīra kapitāla ieguldījumu EUR 900 miljonu apmērā.

Vācija 2009. gada 29. aprīlī Komisijai paziņoja par pārstrukturēšanas plānu attiecībā uz BayernLB, tostarp HGAA. Tajā pašā dienā Austrija iesniedza HGAA dzīvotspējas plānu, kas saskaņā ar Austrijas banku atbalsta programmu ir nepieciešams būtībā drošām bankām.

Komisija savā 2009. gada 12. maija lēmumā lietā N 254/09 (“lēmums par procedūras uzsākšanu”) pauda šaubas par BayernLB piešķirtā atbalsta saderību ar iekšējo tirgu, kā arī par to, vai HGAA ir būtībā droša banka, un par Austrijas piešķirtā atbalsta HGAA saderību ar LESD 107. panta 3. punkta b) apakšpunktu.

Austrija 2009. gada 18. decembrī paziņoja par papildu atbalsta pasākumiem.

Komisija savā 2009. gada 23. decembra lēmumā lietā C 16/09 un N 698/09 konstatēja, ka HGAA labā veiktie pasākumi, kas aprakstīti 2. punktā, pagaidām ir uzskatāmi par saderīgiem ar iekšējo tirgu, pamatojoties uz LESD 107. panta 3. punkta b) apakšpunktu, un tos var īstenot līdz brīdim, kad tiks iesniegts ticams pārstrukturēšanas plāns un Komisija to izvērtēs, bet ne ilgāk kā sešus mēnešus. Tajā pašā laikā LESD 108. panta 2. punktā minētā procedūra tika paplašināta attiecībā uz šiem papildu pasākumiem.

Austrija 2010. gada aprīlī iesniedza HGAA pārstrukturēšanas plānu.

Ņemot vērā to, ka Komisija pašlaik izvērtē šo pārstrukturēšanas plānu un atbalstu, Austrija lūdza pagarināt minēto pasākumu pagaidu apstiprinājumu.

2.   
  HGAA LABĀ VEIKTIE PASĀKUMI

Pamatojoties uz Austrijas banku atbalsta ārkārtas programmu, HGAA saņēma EUR 700 miljonus no BayernLB un EUR 900 miljonus no Austrijas Republikas kā 1. līmeņa kapitālu (Partizipationskapital), kā arī obligāciju emisijas likviditātes garantiju EUR 1,35 miljardu apmērā.

Turklāt HGAA saņēma šādus atbalsta pasākumus, kas pagaidām ir atļauti ar 2009. gada decembra lēmumu:

| — | Austrijas sniegtā pagaidu garantija EUR 100 miljonu apmērā atbilstoši nosacījumiem par grūtībās nonākušām bankām un saskaņā ar Austrijas banku atbalsta ārkārtas programmu, |
| --- | --- |

—

Austrijas sniegtā pagaidu garantija EUR 100 miljonu apmērā atbilstoši nosacījumiem par grūtībās nonākušām bankām un saskaņā ar Austrijas banku atbalsta ārkārtas programmu,

| — | Land Carinthia veiktā rekapitalizācija EUR 200 miljonu apmērā ar 6 % dividendi, ko pirmo reizi izmaksās 2013. gadā, |
| --- | --- |

—

Land Carinthia veiktā rekapitalizācija EUR 200 miljonu apmērā ar 6 % dividendi, ko pirmo reizi izmaksās 2013. gadā,

| — | Austrijas veiktā papildu rekapitalizācija ne vairāk kā EUR 350 miljonu apmērā atbilstoši nosacījumiem par grūtībās nonākušām bankām un saskaņā ar Austrijas banku atbalsta ārkārtas programmu, |
| --- | --- |

—

Austrijas veiktā papildu rekapitalizācija ne vairāk kā EUR 350 miljonu apmērā atbilstoši nosacījumiem par grūtībās nonākušām bankām un saskaņā ar Austrijas banku atbalsta ārkārtas programmu,

| — | likviditātes pasākumi, kuru summa ir apmēram EUR 200 miljoni un kurus Land Carinthia veic pašreizējo komercattiecību kontekstā. |
| --- | --- |

—

likviditātes pasākumi, kuru summa ir apmēram EUR 200 miljoni un kurus Land Carinthia veic pašreizējo komercattiecību kontekstā.

3.   NOVĒRTĒJUMS

Komisija 2009. gada 12. maija un 2009. gada 23. decembra lēmumā jau noteica, ka HGAA labā veiktie pasākumi ir valsts atbalsts.

Sākotnējās šaubas par atbalsta pasākumu saderību, kas tika paustas divos iepriekšējos lēmumos, vēl nav kliedētas, jo nav iesniegts pārstrukturēšanas plāns.

Attiecībā uz dzīvotspējas atjaunošanu Komisija apšauba, ka bankas vispārējais uzņēmējdarbības modelis ir piemērots dzīvotspējas atjaunošanai.

Turklāt, ņemot vērā HGAA zemo vērtējumu un finansēšanas izmaksu iespējamo pieaugumu saistībā ar to, ka beidzas termiņš Land Carinthia sniegtajām garantijām un finansējuma atbalstam no bankas bijušā īpašnieka BayernLB, Komisija uzskata, ka HGAA savs uzņēmējdarbības modelis būs jāpārstrukturē daudz pamatīgāk, kas jo īpaši varētu ietekmēt tā darbības saistībā ar publisko finansējumu, kam raksturīgas zemas peļņas normas.

Turklāt Komisija uzskata, ka HGAA ir jāpārvar lielās problēmas saistībā ar aktīvu kvalitāti, ko izraisījusi uzņēmuma aizdevumu portfeļa zemā kvalitāte, kas joprojām pasliktinās, un apšauba, ka problēmas saistībā ar lēmumu pieņemšanas un riska pārvaldības procedūrām varētu tikt laicīgi atrisinātas.

Komisija arī apšauba, ka banka varētu samaksāt par savu kapitālu, kā tas noteikts paziņojumā par pārstrukturēšanu, jo šim nolūkam nepieciešama piemērota pašu kapitāla atdeve atbilstoši bankas riska profilam, turklāt Komisija šaubās, ka, ņemot vērā normālos tirgus apstākļus, banka spēs nodrošināt piemērotu atlīdzību vai arī laika gaitā atmaksāt valsts sniegto kapitālu.

Turklāt Komisija apšauba, ka kapitāls, ko Austrija ieguldījusi HGAA saskaņā ar Austrijas banku atbalsta programmu, varētu tikt pienācīgi atlīdzināts, jo 2008. gada decembrī, kad tika veikts kapitāla ieguldījums, Austrija HGAA uzskatīja par būtībā drošu banku, kura tādējādi saņēma zemākas finansējuma likmes. Komisija atgādina, ka savā 2009. gada maija lēmumā tā apšaubīja Austrijas veikto novērtējumu, ka HGAA ir būtībā droša banka.

Attiecībā uz pasākumiem konkurences traucējumu novēršanai Komisija atgādina, ka tā apšauba to, ka ierosinātie pasākumi ir pietiekami, lai attiecīgi samazinātu atbalsta radītos traucējumus. Šķiet, ka lielākā daļa HGAA plānoto pārdošanas pasākumu koncentrējas uz zaudējumus izraisošām darbībām, tāpēc tie ir nepieciešami bankas dzīvotspējas atjaunošanai. Citiem vārdiem sakot, Komisija domā, ka atbalsta radīto konkurences traucējumu novēršanai ir nepieciešams veikt papildu pasākumus.

VĒSTULES TEKSTS

“The Commission wishes to inform your authorities that it has further extended the procedure laid down in Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) initiated on 12 May 2009 with its decision C(2009) 3811 final. The Commission also prolongs the authorisation of the aid it has temporarily found compatible with the internal market until it has concluded its examination of the restructuring plan.

1.   PROCEDURE

| (1) | By decision of 18 December 2008 the European Commission approved in case N 615/08 emergency State aid from Germany to BayernLB in form of a risk shield of EUR 4,8 billion and a capital injection of EUR 10 billion on the basis of Article 107(3)(b) TFEU for a period of six months or until the submission of a credible and substantiated restructuring plan for the bank (1). |
| --- | --- |

(1)

By decision of 18 December 2008 the European Commission approved in case N 615/08 emergency State aid from Germany to BayernLB in form of a risk shield of EUR 4,8 billion and a capital injection of EUR 10 billion on the basis of Article 107(3)(b) TFEU for a period of six months or until the submission of a credible and substantiated restructuring plan for the bank (1).

| (2) | In the same month, BayernLB's subsidiary Hypo Group Alpe Adria (HGAA) received EUR 700 million from BayernLB following large write-downs and losses. In addition, HGAA received EUR 900 million in Tier 1 Partizipationskapital
   (2) from the Republic of Austria on the basis of the Austrian emergency bank support scheme (3). |
| --- | --- |

(2)

In the same month, BayernLB's subsidiary Hypo Group Alpe Adria (HGAA) received EUR 700 million from BayernLB following large write-downs and losses. In addition, HGAA received EUR 900 million in Tier 1 Partizipationskapital
   (2) from the Republic of Austria on the basis of the Austrian emergency bank support scheme (3).

| (3) | On 29 April 2009, Germany notified a restructuring plan for BayernLB (including HGAA) to the Commission. At the same date Austria provided a viability plan for HGAA. |
| --- | --- |

(3)

On 29 April 2009, Germany notified a restructuring plan for BayernLB (including HGAA) to the Commission. At the same date Austria provided a viability plan for HGAA.

| (4) | In its decision of 12 May 2009 in case N 254/09 (4) the Commission opened the formal investigation procedure, raising doubts about the compatibility of the restructuring aid to BayernLB with the internal market, in particular whether the restructuring plan was apt to restore the viability of BayernLB (“the opening decision”). In the same decision, the Commission questioned whether HGAA was fundamentally sound and it expressed doubts regarding the compatibility with Article 87(3)(b) of the EC Treaty, now Article 107(3)(b) TFEU, of the aid granted to HGAA by Austria. |
| --- | --- |

(4)

In its decision of 12 May 2009 in case N 254/09 (4) the Commission opened the formal investigation procedure, raising doubts about the compatibility of the restructuring aid to BayernLB with the internal market, in particular whether the restructuring plan was apt to restore the viability of BayernLB (“the opening decision”). In the same decision, the Commission questioned whether HGAA was fundamentally sound and it expressed doubts regarding the compatibility with Article 87(3)(b) of the EC Treaty, now Article 107(3)(b) TFEU, of the aid granted to HGAA by Austria.

| (5) | Austria notified additional aid measures on 18 December 2009, including a temporary asset guarantee under the Austrian scheme, a capital injection and a provision of liquidity, see below point 19. |
| --- | --- |

(5)

Austria notified additional aid measures on 18 December 2009, including a temporary asset guarantee under the Austrian scheme, a capital injection and a provision of liquidity, see below point 19.

| (6) | In its decision of 23 December 2009 in cases C 16/09 and N 698/09 (5) (“the rescue decision”) the Commission extended the procedure in relation to the following measures in favour of HGAA which it at the same time found temporarily compatible with the internal market on the basis of Article 107(3)(b) TFEU until the submission of a credible restructuring plan and its assessment by the Commission, but at most for a period of six months: a temporary guarantee of EUR 100 million, a recapitalisation of EUR 200 million by Land Carinthia, a further recapitalisation for a maximum amount of EUR 350 million and the liquidity provided by the Land of Carinthia. The measures are described in detail in paragraph 19. |
| --- | --- |

(6)

In its decision of 23 December 2009 in cases C 16/09 and N 698/09 (5) (“the rescue decision”) the Commission extended the procedure in relation to the following measures in favour of HGAA which it at the same time found temporarily compatible with the internal market on the basis of Article 107(3)(b) TFEU until the submission of a credible restructuring plan and its assessment by the Commission, but at most for a period of six months: a temporary guarantee of EUR 100 million, a recapitalisation of EUR 200 million by Land Carinthia, a further recapitalisation for a maximum amount of EUR 350 million and the liquidity provided by the Land of Carinthia. The measures are described in detail in paragraph 19.

| (7) | In view of the ongoing assessment of the restructuring plan and aid by the Commission, by letter dated 15 June 2010 Austria asked for a prolongation of the temporary approval of the measures. |
| --- | --- |

(7)

In view of the ongoing assessment of the restructuring plan and aid by the Commission, by letter dated 15 June 2010 Austria asked for a prolongation of the temporary approval of the measures.

| (8) | Given the urgency to obtain a Commission Decision before the expiry of the authorisation of the measures, both Germany and Austria have exceptionally agreed that the authentic language for this decision should be English. |
| --- | --- |

(8)

Given the urgency to obtain a Commission Decision before the expiry of the authorisation of the measures, both Germany and Austria have exceptionally agreed that the authentic language for this decision should be English.

2.   DESCRIPTION

| (9) | For a detailed description of the beneficiary and the aid measures, reference is made to the opening decision and the rescue decision. |
| --- | --- |

(9)

For a detailed description of the beneficiary and the aid measures, reference is made to the opening decision and the rescue decision.

2.1.   The beneficiary

| (10) | HGAA is the sixth largest Austrian bank with a balance sheet of EUR 41 billion as of 31 December 2009, corresponding to roughly 15 % of Austrian GDP. |
| --- | --- |

(10)

HGAA is the sixth largest Austrian bank with a balance sheet of EUR 41 billion as of 31 December 2009, corresponding to roughly 15 % of Austrian GDP.

| (11) | HGAA is fully owned by the Austrian State after the nationalisation of 23 December 2009. |
| --- | --- |

(11)

HGAA is fully owned by the Austrian State after the nationalisation of 23 December 2009.

| (12) | HGAA is active in 12 countries (Austria, Italy, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Germany, Liechtenstein (in liquidation), Hungary, Bulgaria, the Former Yugoslav Republic of Macedonia and Ukraine). The business in Liechtenstein is in liquidation. The bank is active in both banking and leasing, but does not pursue both activities in all the countries mentioned above. |
| --- | --- |

(12)

HGAA is active in 12 countries (Austria, Italy, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Germany, Liechtenstein (in liquidation), Hungary, Bulgaria, the Former Yugoslav Republic of Macedonia and Ukraine). The business in Liechtenstein is in liquidation. The bank is active in both banking and leasing, but does not pursue both activities in all the countries mentioned above.

| (13) | HGAA had pursued an aggressive growth strategy, in particular aimed at taking advantage of the rapidly growing markets in South-Eastern Europe. In the past decade, HGAA entered Bosnia-Herzegovina, Serbia, Montenegro, Bulgaria, the Former Yugoslav Republic of Macedonia and Ukraine. In addition to those markets, the group also entered Hungary and Germany during that period. |
| --- | --- |

(13)

HGAA had pursued an aggressive growth strategy, in particular aimed at taking advantage of the rapidly growing markets in South-Eastern Europe. In the past decade, HGAA entered Bosnia-Herzegovina, Serbia, Montenegro, Bulgaria, the Former Yugoslav Republic of Macedonia and Ukraine. In addition to those markets, the group also entered Hungary and Germany during that period.

| (14) | The bank has a substantial market shares in some of the South-Eastern European countries in which it is active: its market share in banking amounts to [> 10 %] (6) in Montenegro and [> 8 %] in Croatia, and its market share in leasing amounts to over [> 15 %] in Croatia and Slovenia, [> 20 %] in FYRoM and [> 30 %] in Montenegro. The expansion strategy of the bank was facilitated by the liability guarantees of the Land (federal State) Carinthia amounting to about EUR 19 billion at the end of 2009, which has enabled the bank to borrow money at favourable conditions (7). |
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(14)

The bank has a substantial market shares in some of the South-Eastern European countries in which it is active: its market share in banking amounts to [> 10 %] (6) in Montenegro and [> 8 %] in Croatia, and its market share in leasing amounts to over [> 15 %] in Croatia and Slovenia, [> 20 %] in FYRoM and [> 30 %] in Montenegro. The expansion strategy of the bank was facilitated by the liability guarantees of the Land (federal State) Carinthia amounting to about EUR 19 billion at the end of 2009, which has enabled the bank to borrow money at favourable conditions (7).

| (15) | Following the prospect of large losses and write-downs, Austria acquired from each of the previous owners all shares by contract for the symbolic price of one Euro per owner in December 2009. |
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(15)

Following the prospect of large losses and write-downs, Austria acquired from each of the previous owners all shares by contract for the symbolic price of one Euro per owner in December 2009.

| (16) | HGAA has a rating below investment grade from Moody's (Baa2/P2/E) with a negative outlook. |
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(16)

HGAA has a rating below investment grade from Moody's (Baa2/P2/E) with a negative outlook.

2.2.   The measures

| (17) | In December 2008, HGAA received EUR 700 million from its majority owner at the time, BayernLB, which itself had received State aid in the same month from the Free State of Bavaria. |
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(17)

In December 2008, HGAA received EUR 700 million from its majority owner at the time, BayernLB, which itself had received State aid in the same month from the Free State of Bavaria.

| (18) | HGAA received EUR 900 million in Tier 1 Partizipationskapital from the Republic of Austria and liquidity guarantees of EUR 1,35 billion for bond issues on the basis of the Austrian emergency bank support scheme. |
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(18)

HGAA received EUR 900 million in Tier 1 Partizipationskapital from the Republic of Austria and liquidity guarantees of EUR 1,35 billion for bond issues on the basis of the Austrian emergency bank support scheme.

| (19) | In addition, HGAA received the following aid measures temporarily authorised by the Commission's December 2009 decision:






  — | a temporary guarantee of EUR 100 million by Austria under the conditions for distressed banks under the Austrian emergency bank support scheme, |
| --- | --- | --- |

(19)

In addition, HGAA received the following aid measures temporarily authorised by the Commission's December 2009 decision:

—

a temporary guarantee of EUR 100 million by Austria under the conditions for distressed banks under the Austrian emergency bank support scheme,

| — | a recapitalisation of EUR 200 million by the Land Carinthia with a dividend of 6 %, which will be due for the first time for the business year 2013, |
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—

a recapitalisation of EUR 200 million by the Land Carinthia with a dividend of 6 %, which will be due for the first time for the business year 2013,

| — | a further recapitalisation by Austria under the conditions for distressed banks under the Austrian emergency bank support scheme for a maximum amount of EUR 350 million, |
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—

a further recapitalisation by Austria under the conditions for distressed banks under the Austrian emergency bank support scheme for a maximum amount of EUR 350 million,

| — | liquidity measures amounting to approximately EUR 200 million provided by the Land Carinthia in the context of existing business relationships. |
| --- | --- |

—

liquidity measures amounting to approximately EUR 200 million provided by the Land Carinthia in the context of existing business relationships.

3.   THE RESTRUCTURING PLAN

| (20) | According to the submitted restructuring plan the problems of HGAA are largely due to its aggressive growth strategy pursued in recent years which in particular aimed at taking advantage of the rapidly growing markets in South-Eastern Europe. The economic conditions of these countries have deteriorated significantly as a prolonged period of strong economic growth has given way to significant declines of real and nominal GDP. Moreover, losses and in particular the increasingly large share of non-performing loans were to a significant extent caused by a lack of [...] proper control mechanisms [...]. |
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(20)

According to the submitted restructuring plan the problems of HGAA are largely due to its aggressive growth strategy pursued in recent years which in particular aimed at taking advantage of the rapidly growing markets in South-Eastern Europe. The economic conditions of these countries have deteriorated significantly as a prolonged period of strong economic growth has given way to significant declines of real and nominal GDP. Moreover, losses and in particular the increasingly large share of non-performing loans were to a significant extent caused by a lack of [...] proper control mechanisms [...].

| (21) | The submitted restructuring plan states that HGAA will continue doing business in Austria, with a strong focus on Carinthia, where it intends to pursue business in the areas of retail clients, SMEs and selective corporate and public finance. The bank envisages maintaining both banking and leasing activities in [most countries of the former Federal Republic of Yugoslavia]. However, it intends to terminate its leasing activities in [...]. Leasing and banking activities will be ended in [...]. In Austria, the bank also plans to discontinue its cross-border financing business and the financing of big ticket projects. HGAA moreover plans to cease its risky project finance activities and tourism projects as well as large tourism-based financing activities. Leasing activities will focus on small vehicle and other mobile assets. The new business for real estate is planned to focus on selective opportunities only. |
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(21)

The submitted restructuring plan states that HGAA will continue doing business in Austria, with a strong focus on Carinthia, where it intends to pursue business in the areas of retail clients, SMEs and selective corporate and public finance. The bank envisages maintaining both banking and leasing activities in [most countries of the former Federal Republic of Yugoslavia]. However, it intends to terminate its leasing activities in [...]. Leasing and banking activities will be ended in [...]. In Austria, the bank also plans to discontinue its cross-border financing business and the financing of big ticket projects. HGAA moreover plans to cease its risky project finance activities and tourism projects as well as large tourism-based financing activities. Leasing activities will focus on small vehicle and other mobile assets. The new business for real estate is planned to focus on selective opportunities only.

| (22) | The overall aim of the restructuring plan is to focus on small/retail business with less risk than before, which, according to the bank, will enable it to rely on historically grown competences, in which the bank has made profits in the past, including during the financial crisis. The plan provides for a balance sheet reduction amounting to [> 35] % by the end of the restructuring period and a reduction of the risk weighted assets by [> 50] % compared to the 2008 balance sheet. The reduction is achieved mainly through putting some banks and leasing activities in a run off mode or divesting them as explained in paragraph 20. |
| --- | --- |

(22)

The overall aim of the restructuring plan is to focus on small/retail business with less risk than before, which, according to the bank, will enable it to rely on historically grown competences, in which the bank has made profits in the past, including during the financial crisis. The plan provides for a balance sheet reduction amounting to [> 35] % by the end of the restructuring period and a reduction of the risk weighted assets by [> 50] % compared to the 2008 balance sheet. The reduction is achieved mainly through putting some banks and leasing activities in a run off mode or divesting them as explained in paragraph 20.

| (23) | The bank also plans to overhaul many of its procedures as regards credit and leasing decisions as well as its overall risk management framework. It intends to start an annual risk review, to assess the risks inherent to any new product it launches and has already started to apply a reworked method of calculating its risk absorption quality on a group level since June 2009. As a result of this process, HGAA claims having already identified its major risk types. |
| --- | --- |

(23)

The bank also plans to overhaul many of its procedures as regards credit and leasing decisions as well as its overall risk management framework. It intends to start an annual risk review, to assess the risks inherent to any new product it launches and has already started to apply a reworked method of calculating its risk absorption quality on a group level since June 2009. As a result of this process, HGAA claims having already identified its major risk types.

| (24) | According to the plan the economic problems of HGAA were significantly influenced by the current financial crisis which affected markets in South-Eastern Europe particularly strongly. HGAA admits in that respect that quality of its assets has deteriorated significantly, with only [< 40] % of its gross exposure having an internal investment grade rating and with the share of problem loans (8) when compared to gross exposure increasing steadily since the beginning of 2008, reaching almost [> 15] % of the bank's gross exposure. In 2009, the amount of risk provisions of HGAA reached almost [> 150] % of the bank's net interest revenues of that year. It has to be noted that the leasing activities were to a significant degree responsible for the encountered asset problems. |
| --- | --- |

(24)

According to the plan the economic problems of HGAA were significantly influenced by the current financial crisis which affected markets in South-Eastern Europe particularly strongly. HGAA admits in that respect that quality of its assets has deteriorated significantly, with only [< 40] % of its gross exposure having an internal investment grade rating and with the share of problem loans (8) when compared to gross exposure increasing steadily since the beginning of 2008, reaching almost [> 15] % of the bank's gross exposure. In 2009, the amount of risk provisions of HGAA reached almost [> 150] % of the bank's net interest revenues of that year. It has to be noted that the leasing activities were to a significant degree responsible for the encountered asset problems.

| (25) | The plan is based on the assumption of a significant turnaround in the markets in which the bank is active, forecasting a return to robust rates of growth in the South-Eastern European countries. |
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(25)

The plan is based on the assumption of a significant turnaround in the markets in which the bank is active, forecasting a return to robust rates of growth in the South-Eastern European countries.

4.   ASSESSMENT OF THE AID

4.1.   Existence of aid

| (26) | As stated in Article 107(1) TFEU, any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market, save as otherwise provided in the Treaty. |
| --- | --- |

(26)

As stated in Article 107(1) TFEU, any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Member States, be incompatible with the internal market, save as otherwise provided in the Treaty.

| (27) | The Commission recalls that is has already established that the measures granted to HGAA constitute State aid with its Decisions of 12 May 2009 and 23 December 2009. |
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(27)

The Commission recalls that is has already established that the measures granted to HGAA constitute State aid with its Decisions of 12 May 2009 and 23 December 2009.

4.2.   Compatibility of the Aid

| (28) | The Commission must assess the continuation of all emergency aid measures as restructuring aid, on the basis of the submitted restructuring plan and against the conditions of the Restructuring Communication (9). |
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(28)

The Commission must assess the continuation of all emergency aid measures as restructuring aid, on the basis of the submitted restructuring plan and against the conditions of the Restructuring Communication (9).

| (29) | A restructuring plan needs to ensure that the bank is able to restore long-term viability without continued State aid. The restructuring plan also needs to provide for adequate burden sharing, and limit the aid to the minimum necessary. Finally, proportionate measures need to be taken to limit the distortions of competition caused by the aid. |
| --- | --- |

(29)

A restructuring plan needs to ensure that the bank is able to restore long-term viability without continued State aid. The restructuring plan also needs to provide for adequate burden sharing, and limit the aid to the minimum necessary. Finally, proportionate measures need to be taken to limit the distortions of competition caused by the aid.

| (30) | The original doubts expressed in decision of 23 December 2009 have not yet been allayed by the submission of the restructuring plan described above. Therefore the Commission continues to have doubts as regards the compatibility of the aid. |
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(30)

The original doubts expressed in decision of 23 December 2009 have not yet been allayed by the submission of the restructuring plan described above. Therefore the Commission continues to have doubts as regards the compatibility of the aid.

| (31) | As regards the restoration of viability the Commission firstly has doubts as regards the overall business model of the bank, i.e. whether the presented plan of maintaining some parts of the business in South-Eastern Europe (while divesting or winding down others) combined with the Austrian activities will enable the bank to create sufficient profits to ensure long-term viability. |
| --- | --- |

(31)

As regards the restoration of viability the Commission firstly has doubts as regards the overall business model of the bank, i.e. whether the presented plan of maintaining some parts of the business in South-Eastern Europe (while divesting or winding down others) combined with the Austrian activities will enable the bank to create sufficient profits to ensure long-term viability.

| (32) | Importantly, the plan does not show in a satisfactory manner that HGAA will indeed, as claimed, concentrate on activities where it has also made profits in the past, including during the financial crisis. |
| --- | --- |

(32)

Importantly, the plan does not show in a satisfactory manner that HGAA will indeed, as claimed, concentrate on activities where it has also made profits in the past, including during the financial crisis.

| (33) | The Commission furthermore questions whether the largely unregulated leasing activities would not need to be scaled down further, given that they seem to have been one of the main sources of HGAA's problems in the past. |
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(33)

The Commission furthermore questions whether the largely unregulated leasing activities would not need to be scaled down further, given that they seem to have been one of the main sources of HGAA's problems in the past.

| (34) | In addition, given HGAA's low rating and prospective high funding costs in light of the expiration of the guarantees from the Land Carinthia and funding support from its former owner BayernLB, the Commission questions whether HGAA will not have to reorient its business model more profoundly, which might in particular affect its public finance business, which is characterised by relatively low margins. |
| --- | --- |

(34)

In addition, given HGAA's low rating and prospective high funding costs in light of the expiration of the guarantees from the Land Carinthia and funding support from its former owner BayernLB, the Commission questions whether HGAA will not have to reorient its business model more profoundly, which might in particular affect its public finance business, which is characterised by relatively low margins.

| (35) | Furthermore, the Commission considers that HGAA has to cope with significant problems given the low and still deteriorating quality of its asset portfolio. In that regard it can be considered as a difficult task to overhaul many of the basic decision-making processes and its overall risk management processes. The Commission doubts whether such a large task can be implemented timely, given the complexity of HGAA in many countries while avoiding further problem exposures. The Commission also considers that a significant part of the problems encountered by HGAA were not mainly the result of the deterioration of the economic situation in South-Eastern Europe but rather of deep-rooted management problems. |
| --- | --- |

(35)

Furthermore, the Commission considers that HGAA has to cope with significant problems given the low and still deteriorating quality of its asset portfolio. In that regard it can be considered as a difficult task to overhaul many of the basic decision-making processes and its overall risk management processes. The Commission doubts whether such a large task can be implemented timely, given the complexity of HGAA in many countries while avoiding further problem exposures. The Commission also considers that a significant part of the problems encountered by HGAA were not mainly the result of the deterioration of the economic situation in South-Eastern Europe but rather of deep-rooted management problems.

| (36) | The Commission recalls that it noted in the rescue decision of 23 December 2009 that the external report commissioned by HGAA and BayernLB has found serious problems in the credit monitoring procedures of HGAA as well as in its collateral valuation. As a result the previously projected potential losses could well increase still further, in particular if the benign view concerning loss-given-default ratios were not to materialise. Moreover, the Commission doubts that the scenarios applied by the external consultants at that time were sufficiently prudent in relation to “a protracted global recession” as specified in point 13 of the Restructuring Communication. Therefore, the Commission continues to have these doubts in relation to the return to long-term viability of the rescued HGAA. |
| --- | --- |

(36)

The Commission recalls that it noted in the rescue decision of 23 December 2009 that the external report commissioned by HGAA and BayernLB has found serious problems in the credit monitoring procedures of HGAA as well as in its collateral valuation. As a result the previously projected potential losses could well increase still further, in particular if the benign view concerning loss-given-default ratios were not to materialise. Moreover, the Commission doubts that the scenarios applied by the external consultants at that time were sufficiently prudent in relation to “a protracted global recession” as specified in point 13 of the Restructuring Communication. Therefore, the Commission continues to have these doubts in relation to the return to long-term viability of the rescued HGAA.

| (37) | In addition to these previously expressed doubts the Commission is concerned about the seemingly [...] deterioration of asset quality and considers that this could constitute a major threat to HGAA's viability, which is not addressed by the restructuring plan. |
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(37)

In addition to these previously expressed doubts the Commission is concerned about the seemingly [...] deterioration of asset quality and considers that this could constitute a major threat to HGAA's viability, which is not addressed by the restructuring plan.

| (38) | Moreover, the Commission questions whether the unsatisfactory rating of HGAA can be improved sufficiently over the course of the restructuring period in order to enable the bank to raise both capital and funding on the markets, which is a crucial prerequisite for the proposed business model of the bank. The Commission notes in this respect that the expiry of the liability guarantees of the Land Carinthia entails the risk of rising long-term funding costs for the bank. Furthermore, the Commission has to examine whether the submitted underlying economic assumptions included in the plan are prudent enough. |
| --- | --- |

(38)

Moreover, the Commission questions whether the unsatisfactory rating of HGAA can be improved sufficiently over the course of the restructuring period in order to enable the bank to raise both capital and funding on the markets, which is a crucial prerequisite for the proposed business model of the bank. The Commission notes in this respect that the expiry of the liability guarantees of the Land Carinthia entails the risk of rising long-term funding costs for the bank. Furthermore, the Commission has to examine whether the submitted underlying economic assumptions included in the plan are prudent enough.

| (39) | In addition, the Commission doubts that the bank would be able to remunerate its own capital as required under points 13 and 14 of the Restructuring Communication which requires an appropriate return given the risk profile of the bank and a remuneration at normal market conditions or the repayment of capital over time. |
| --- | --- |

(39)

In addition, the Commission doubts that the bank would be able to remunerate its own capital as required under points 13 and 14 of the Restructuring Communication which requires an appropriate return given the risk profile of the bank and a remuneration at normal market conditions or the repayment of capital over time.

| (40) | As regards burden sharing, the Commission recalls its doubts as to whether the burden sharing of the owners (in particular BayernLB, Land Carinthia, GRAWE) has been appropriate. |
| --- | --- |

(40)

As regards burden sharing, the Commission recalls its doubts as to whether the burden sharing of the owners (in particular BayernLB, Land Carinthia, GRAWE) has been appropriate.

| (41) | In addition, the Commission questions whether the injected capital into HGAA by Austria under the Austrian bank scheme is appropriately remunerated as the bank had been considered as fundamentally sound by Austria and benefitted therefore from cheaper remuneration rates. The Commission recalls that it has questioned that assessment at the time Austria submitted its viability report for the bank and in the opening decision. |
| --- | --- |

(41)

In addition, the Commission questions whether the injected capital into HGAA by Austria under the Austrian bank scheme is appropriately remunerated as the bank had been considered as fundamentally sound by Austria and benefitted therefore from cheaper remuneration rates. The Commission recalls that it has questioned that assessment at the time Austria submitted its viability report for the bank and in the opening decision.

| (42) | As regards measures for addressing competition distortions, the Commission recalls its doubts that the proposed measures are sufficient to adequately limit the distortions created by the aid. In particular, most of business HGAA plans to divest seems to concern loss-making activities and be necessary for restoring viability. In other words, the Commission doubts whether not more measures are needed to address the distortions of competition caused by the aid. |
| --- | --- |

(42)

As regards measures for addressing competition distortions, the Commission recalls its doubts that the proposed measures are sufficient to adequately limit the distortions created by the aid. In particular, most of business HGAA plans to divest seems to concern loss-making activities and be necessary for restoring viability. In other words, the Commission doubts whether not more measures are needed to address the distortions of competition caused by the aid.

5.   CONCLUSION

| (43) | All measures in favour of HGAA constitute State aid. The Commission still doubts the compatibility of the aid measures as regards the restoration of long-term viability, burden sharing and measures to limit distortions of competition. |
| --- | --- |

(43)

All measures in favour of HGAA constitute State aid. The Commission still doubts the compatibility of the aid measures as regards the restoration of long-term viability, burden sharing and measures to limit distortions of competition.

| (44) | In light of the doubts regarding the compatibility of the aid with the Restructuring Communication, in particular the failure of the current revised restructuring plan to demonstrate the restoration of viability, proper burden sharing and a sufficient degree of mitigation of competition distortions, the Commission needs to further investigate the measures and thus to extend the formal investigation procedure pursuant to Article 108(2) TFEU. |
| --- | --- |

(44)

In light of the doubts regarding the compatibility of the aid with the Restructuring Communication, in particular the failure of the current revised restructuring plan to demonstrate the restoration of viability, proper burden sharing and a sufficient degree of mitigation of competition distortions, the Commission needs to further investigate the measures and thus to extend the formal investigation procedure pursuant to Article 108(2) TFEU.

| (45) | However, the Commission has established that it can authorise emergency measures temporarily if needed for reasons of financial stability (10), when it cannot take a final decision due to doubts on compatibility of the measures as restructuring aid. In light of the ongoing fragile situation of the financial markets the Commission bases its assessment on Article 107(3)(b) TFEU as the breakdown of a systematically relevant bank can directly affect the financial markets and indirectly the entire economy of a Member State. |
| --- | --- |

(45)

However, the Commission has established that it can authorise emergency measures temporarily if needed for reasons of financial stability (10), when it cannot take a final decision due to doubts on compatibility of the measures as restructuring aid. In light of the ongoing fragile situation of the financial markets the Commission bases its assessment on Article 107(3)(b) TFEU as the breakdown of a systematically relevant bank can directly affect the financial markets and indirectly the entire economy of a Member State.

| (46) | The Austrian Central Bank has confirmed that HGAA is a bank with systemic relevance for the financial market in Austria but also in certain countries in South Eastern Europe. Therefore the Commission prolongs the authorisation of the aid it has temporarily found compatible with the internal market until it has concluded its examination of the restructuring plan. |
| --- | --- |

(46)

The Austrian Central Bank has confirmed that HGAA is a bank with systemic relevance for the financial market in Austria but also in certain countries in South Eastern Europe. Therefore the Commission prolongs the authorisation of the aid it has temporarily found compatible with the internal market until it has concluded its examination of the restructuring plan.

6.   DECISION

In view of the above, the Commission has decided:

| — | to further extend the procedure as laid down in Article 108(2) TFEU initiated with its decision C(2009) 3811 final of 12 May 2009 and extended with its decision C(2009) 10672 final of 23 December 2009, and |
| --- | --- |

—

to further extend the procedure as laid down in Article 108(2) TFEU initiated with its decision C(2009) 3811 final of 12 May 2009 and extended with its decision C(2009) 10672 final of 23 December 2009, and

| — | to prolong the authorisation of the aid it has temporarily found compatible with the internal market by Decision C(2009) 10672 final until it has concluded the examination of the restructuring plan for Hypo Group Alpe Adria. |
| --- | --- |

—

to prolong the authorisation of the aid it has temporarily found compatible with the internal market by Decision C(2009) 10672 final until it has concluded the examination of the restructuring plan for Hypo Group Alpe Adria.

The Commission requests Austria to provide all information necessary for the Commission to assess the compatibility of the aid measures. Austria is requested to forward a copy of this letter to HGAA immediately.

The Commission warns Austria that it will inform interested parties by publishing this letter and a meaningful summary of it in the Official Journal of the European Union. It will also inform interested parties in the EFTA countries which are signatories to the EEA Agreement, by publishing a notice in the EEA Supplement to the Official Journal of the European Union, and will inform the EFTA Surveillance Authority by sending a copy of this letter. All such interested parties will be invited to submit their comments within one month of the date of such publication.”

---

(1)  Commission Decision of 18 December 2008 in case N 615/08 BayernLB, OJ C 80/4 of 3 April 2009.

1

BayernLB

(2)  Partizipationskapital has no voting rights.

2

Partizipationskapital

(3)  Commission Decision of 9 December 2008 in case N 557/08, OJ C 3, 8.1.2009, p. 2, Maßnahmen nach dem Finanzmarktstabilitäts- und dem Interbankmarktstärkungsgesetz für Kreditinstitute und Versicherungsunternehmen in Österreich, last prolonged by Commission Decision of 16 December 2009 in case N 663/09.

3

(4)  OJ C 134, 13.6.2009, p. 31.

4

(5)  OJ C 85, 31.3.2010, p. 21.

5

(6)  Confidential information.

6

(7)  This stems from the previously prevailing State guarantees for new debt (“Ausfallshaftung”) from the Land Carinthia which was abolished with a transitional period and a grandfathering clause in 2003.

7

(8)  Defined as a high likelihood that the borrower cannot repay the loan, or if the payments are more then 90 days overdue. Taking into account the lower payment morale in some of the markets where HGAA operates, the bank has replaced the 90 days criterion with a 180 days criterion in some countries.

8

(9)  Commission Communication on the return to viability and the assessment of restructuring measures in the financial sector in the current crisis under the State aid rules (OJ C 195, 19.8.2009, p. 9).

9

(10)  Commission Decision of 13 November in case C 15/08, Hypo RealEstate, not yet published, and Commission Decision of 31 March 2009 in case C 10/09 ING (OJ C 158, 11.7.2009, p. 13).

10

Hypo RealEstate

ING

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| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/11 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/11

---

Iepriekšējs paziņojums par koncentrāciju

(Lieta COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45)

(Dokuments attiecas uz EEZ)

2010/C 266/06

| 1. | Komisija 2010. gada 23. septembrī saņēma paziņojumu par ierosinātu koncentrāciju, ievērojot 4. pantu Padomes Regulā (EK) Nr. 139/2004 (1), kuras rezultātā uzņēmumi Finavias S.à r.l (“Finavias”, Luksemburga), ko kontrolē AXA Investment Managers Private Equity SA (“AXA Private Equity”, Francija), kas savukārt pieder AXA group (“AXA”, Francija), un Iberpistas, ko kontrolē Abertis Infraestructuras, SA (“Abertis”, Spānija) minētās Apvienošanās regulas 3. panta 1. punkta b) apakšpunkta nozīmē iegūst kopīgu kontroli pār uzņēmumu Autopista Trados M-45 (“Trados M-45”, Spānija), iegādājoties akcijas |
| --- | --- |

1.

Komisija 2010. gada 23. septembrī saņēma paziņojumu par ierosinātu koncentrāciju, ievērojot 4. pantu Padomes Regulā (EK) Nr. 139/2004 (1), kuras rezultātā uzņēmumi Finavias S.à r.l (“Finavias”, Luksemburga), ko kontrolē AXA Investment Managers Private Equity SA (“AXA Private Equity”, Francija), kas savukārt pieder AXA group (“AXA”, Francija), un Iberpistas, ko kontrolē Abertis Infraestructuras, SA (“Abertis”, Spānija) minētās Apvienošanās regulas 3. panta 1. punkta b) apakšpunkta nozīmē iegūst kopīgu kontroli pār uzņēmumu Autopista Trados M-45 (“Trados M-45”, Spānija), iegādājoties akcijas

| 2. | Attiecīgie uzņēmumi veic šādu uzņēmējdarbību:






  — | Finavias: privātā kapitāla un aktīvu pārvaldība, |
| --- | --- | --- |

2.

Attiecīgie uzņēmumi veic šādu uzņēmējdarbību:

—

Finavias: privātā kapitāla un aktīvu pārvaldība,

| — | AXA Private Equity: aktīvu pārvaldība, ieguldījumi biržas sarakstos neiekļautajos uzņēmumos vai ieguldījumu fondos. Uzņēmums pieder starptautiskai grupai AXA, kas darbojas dzīvības apdrošināšanas un nedzīvības apdrošināšanas, un saistīto finanšu pakalpojumu sniegšanas jomā, |
| --- | --- |

—

AXA Private Equity: aktīvu pārvaldība, ieguldījumi biržas sarakstos neiekļautajos uzņēmumos vai ieguldījumu fondos. Uzņēmums pieder starptautiskai grupai AXA, kas darbojas dzīvības apdrošināšanas un nedzīvības apdrošināšanas, un saistīto finanšu pakalpojumu sniegšanas jomā,

| — | Abertis: mobilitātes un telekomunikāciju infrastruktūra uzņēmējdarbības jomās, kurās ir jāmaksā nodeva – maksas ceļi, telekomunikāciju infrastruktūra, lidostas, autostāvvietas un loģistika, |
| --- | --- |

—

Abertis: mobilitātes un telekomunikāciju infrastruktūra uzņēmējdarbības jomās, kurās ir jāmaksā nodeva – maksas ceļi, telekomunikāciju infrastruktūra, lidostas, autostāvvietas un loģistika,

| — | Trados M-45: ceļu koncesiju pārvaldība. |
| --- | --- |

—

Trados M-45: ceļu koncesiju pārvaldība.

| 3. | Iepriekšējā pārbaudē Komisija konstatē, ka uz paziņoto darījumu, iespējams, attiecas EK Apvienošanās regulas darbības joma. Tomēr galīgais lēmums šajā jautājumā netiek pieņemts |
| --- | --- |

3.

Iepriekšējā pārbaudē Komisija konstatē, ka uz paziņoto darījumu, iespējams, attiecas EK Apvienošanās regulas darbības joma. Tomēr galīgais lēmums šajā jautājumā netiek pieņemts

| 4. | Komisija aicina ieinteresētās trešās personas iesniegt tai savus iespējamos novērojumus par ierosināto darbību.
  Novērojumiem jānonāk Komisijā ne vēlāk kā 10 dienas pēc šīs publikācijas datuma. Novērojumus Komisijai var nosūtīt pa faksu (+32 22964301), pa e-pastu uz adresi COMP-MERGER-REGISTRY@ec.europa.eu vai pa pastu ar atsauces numuru COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45 uz šādu adresi:






  European Commission |
| --- | --- |
| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

Komisija aicina ieinteresētās trešās personas iesniegt tai savus iespējamos novērojumus par ierosināto darbību.

Novērojumiem jānonāk Komisijā ne vēlāk kā 10 dienas pēc šīs publikācijas datuma. Novērojumus Komisijai var nosūtīt pa faksu (+32 22964301), pa e-pastu uz adresi COMP-MERGER-REGISTRY@ec.europa.eu vai pa pastu ar atsauces numuru COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45 uz šādu adresi:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OV L 24, 29.1.2004., 1. lpp. (“EK Apvienošanās regula”).

---

| 1.10.2010 | LV | Eiropas Savienības Oficiālais Vēstnesis | C 266/12 |
| --- | --- | --- | --- |

1.10.2010

LV

Eiropas Savienības Oficiālais Vēstnesis

C 266/12

---

Iepriekšējs paziņojums par koncentrāciju

(Lieta COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV)

Lieta, kas pretendē uz vienkāršotu procedūru

(Dokuments attiecas uz EEZ)

2010/C 266/07

| 1. | Komisija 2010. gada 22. septembrī saņēma paziņojumu par ierosinātu koncentrāciju, ievērojot Padomes Regulas (EK) Nr. 139/2004 (1) 4. pantu. Koncentrācijas rezultātā Uzņēmums Apotheek DocMorris N.V. (Nīderlande), kas pieder uzņēmumu grupai Haniel, un uzņēmums K-mail Order GmbH & Co KG (Vācija) iegūst Apvienošanās regulas 3. panta 1. punkta b) apakšpunkta izpratnē kopīgu kontroli pār uzņēmumu Wellsana B.V. (Nīderlande), iegādājoties kapitāldaļās jaunizveidotā kopuzņēmumā. |
| --- | --- |

1.

Komisija 2010. gada 22. septembrī saņēma paziņojumu par ierosinātu koncentrāciju, ievērojot Padomes Regulas (EK) Nr. 139/2004 (1) 4. pantu. Koncentrācijas rezultātā Uzņēmums Apotheek DocMorris N.V. (Nīderlande), kas pieder uzņēmumu grupai Haniel, un uzņēmums K-mail Order GmbH & Co KG (Vācija) iegūst Apvienošanās regulas 3. panta 1. punkta b) apakšpunkta izpratnē kopīgu kontroli pār uzņēmumu Wellsana B.V. (Nīderlande), iegādājoties kapitāldaļās jaunizveidotā kopuzņēmumā.

| 2. | Attiecīgie uzņēmumi veic šādu uzņēmējdarbību:






  — | Apotheek DocMorris N.V.: aptiekas preču mazumtirdzniecība vienā aptiekā, |
| --- | --- | --- |

2.

Attiecīgie uzņēmumi veic šādu uzņēmējdarbību:

—

Apotheek DocMorris N.V.: aptiekas preču mazumtirdzniecība vienā aptiekā,

| — | K-mail Order GmbH & Co KG: mazumtirdzniecība ar modes precēm, rotaslietām un sadzīves precēm, kā arī ar veselību saistītām precēm. |
| --- | --- |

—

K-mail Order GmbH & Co KG: mazumtirdzniecība ar modes precēm, rotaslietām un sadzīves precēm, kā arī ar veselību saistītām precēm.

| 3. | Iepriekšējā pārbaudē Komisija konstatē, ka uz paziņoto darījumu, iespējams, attiecas EK Apvienošanās regulas darbības joma. Tomēr galīgais lēmums šajā jautājumā netiek pieņemts. Ievērojot Komisijas paziņojumu par vienkāršotu procedūru noteiktu koncentrācijas procesu izskatīšanai saskaņā ar EK Apvienošanās regulu (2), jānorāda, ka šī lieta ir nododama izskatīšanai atbilstoši paziņojumā paredzētajai procedūrai. |
| --- | --- |

3.

Iepriekšējā pārbaudē Komisija konstatē, ka uz paziņoto darījumu, iespējams, attiecas EK Apvienošanās regulas darbības joma. Tomēr galīgais lēmums šajā jautājumā netiek pieņemts. Ievērojot Komisijas paziņojumu par vienkāršotu procedūru noteiktu koncentrācijas procesu izskatīšanai saskaņā ar EK Apvienošanās regulu (2), jānorāda, ka šī lieta ir nododama izskatīšanai atbilstoši paziņojumā paredzētajai procedūrai.

| 4. | Komisija aicina ieinteresētās trešās personas iesniegt tai savus iespējamos novērojumus par ierosināto darbību.
  Novērojumiem jānonāk Komisijā ne vēlāk kā 10 dienas pēc šīs publikācijas datuma. Novērojumus Komisijai var nosūtīt pa faksu (+32 22964301), pa e-pastu uz adresi COMP-MERGER-REGISTRY@ec.europa.eu vai pa pastu ar atsauces numuru COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV uz šādu adresi:






  European Commission |
| --- | --- |
| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

Komisija aicina ieinteresētās trešās personas iesniegt tai savus iespējamos novērojumus par ierosināto darbību.

Novērojumiem jānonāk Komisijā ne vēlāk kā 10 dienas pēc šīs publikācijas datuma. Novērojumus Komisijai var nosūtīt pa faksu (+32 22964301), pa e-pastu uz adresi COMP-MERGER-REGISTRY@ec.europa.eu vai pa pastu ar atsauces numuru COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV uz šādu adresi:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OV L 24, 29.1.2004., 1. lpp. (“EK Apvienošanās regula”).

(2)  OV C 56, 5.3.2005., 32. lpp. (“Paziņojums par vienkāršotu procedūru”).

---