# Europos Sąjungos C 266/2010

| | ISSN 1725-521X
  doi:10.3000/1725521X.C_2010.266.lit |
| --- | --- |
| Europos Sąjungos
  oficialusis leidinys | C 266 |
| | |
| Leidimas lietuvių kalba | Informacija ir prane_imai | 53 tomas2010m. spalio 1d. |

ISSN 1725-521X

doi:10.3000/1725521X.C_2010.266.lit

Europos Sąjungos

oficialusis leidinys

C 266

Leidimas lietuvių kalba

Informacija ir prane_imai

53 tomas2010m. spalio 1d.

---

| Prane_imo Nr. | Turinys | Puslapis |
| --- | --- | --- |
| | II   Komunikatai |
| | EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRIIMTI KOMUNIKATAI |
| | Europos Komisija |
| 2010/C 266/01 | Leidimas teikti valstybės pagalbą remiantis EB sutarties 87 ir 88 straipsnių nuostatomis – Atvejai, kuriems Komisija neprieštarauja (
  1
  ) | 1 |
| 2010/C 266/02 | Neprieštaravimas praneštai koncentracijai (Byla COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  ) | 2 |

Prane_imo Nr.

Turinys

Puslapis

II   Komunikatai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRIIMTI KOMUNIKATAI

Europos Komisija

2010/C 266/01

Leidimas teikti valstybės pagalbą remiantis EB sutarties 87 ir 88 straipsnių nuostatomis – Atvejai, kuriems Komisija neprieštarauja (
  1
  )

1

1

2010/C 266/02

Neprieštaravimas praneštai koncentracijai (Byla COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  )

1

2

| | IV   Pranešimai |
| --- | --- |
| | EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI |
| | Europos Komisija |
| 2010/C 266/03 | Euro kursas | 3 |

IV   Pranešimai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI

Europos Komisija

2010/C 266/03

Euro kursas

3

| | V   Nuomonės |
| --- | --- |
| | PROCEDŪROS, SUSIJUSIOS SU BENDROS PREKYBOS POLITIKOS ĮGYVENDINIMU |
| | Europos Komisija |
| 2010/C 266/04 | Pranešimas dėl antidempingo priemonių, taikomų tam tikram į Sąjungą importuojamam, inter alia, Malaizijos kilmės polietileno tereftalatui: bendrovės, kuriai taikoma individualaus antidempingo muito norma, pavadinimo pasikeitimas | 4 |
| | PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU |
| | Europos Komisija |
| 2010/C 266/05 | Valstybės pagalba – Austrija – Valstybės pagalba C 16/09 – Hypo Group Alpe Adria (HGAA) – Kvietimas teikti pastabas pagal Sutarties dėl Europos Sąjungos veikimo 108 straipsnio 2 dalį (
  1
  ) | 5 |
| 2010/C 266/06 | Išankstinis pranešimas apie koncentraciją (Byla COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  ) | 11 |
| 2010/C 266/07 | Išankstinis pranešimas apie koncentraciją (Byla COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Bylą numatoma nagrinėti supaprastinta tvarka (
  1
  ) | 12 |

V   Nuomonės

PROCEDŪROS, SUSIJUSIOS SU BENDROS PREKYBOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

2010/C 266/04

Pranešimas dėl antidempingo priemonių, taikomų tam tikram į Sąjungą importuojamam, inter alia, Malaizijos kilmės polietileno tereftalatui: bendrovės, kuriai taikoma individualaus antidempingo muito norma, pavadinimo pasikeitimas

inter alia

4

PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

2010/C 266/05

Valstybės pagalba – Austrija – Valstybės pagalba C 16/09 – Hypo Group Alpe Adria (HGAA) – Kvietimas teikti pastabas pagal Sutarties dėl Europos Sąjungos veikimo 108 straipsnio 2 dalį (
  1
  )

1

5

2010/C 266/06

Išankstinis pranešimas apie koncentraciją (Byla COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  )

1

11

2010/C 266/07

Išankstinis pranešimas apie koncentraciją (Byla COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Bylą numatoma nagrinėti supaprastinta tvarka (
  1
  )

1

12

| | |
| --- | --- |
| | (1)   Tekstas svarbus EEE |

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(1)   Tekstas svarbus EEE

1

| LT | |
| --- | --- |

LT

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II Komunikatai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRIIMTI KOMUNIKATAI

Europos Komisija

| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/1 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/1

---

Leidimas teikti valstybės pagalbą remiantis EB sutarties 87 ir 88 straipsnių nuostatomis

Atvejai, kuriems Komisija neprieštarauja

(Tekstas svarbus EEE)

2010/C 266/01

| Sprendimo priėmimo data | 2009 2 23 |
| --- | --- |
| Valstybės pagalbos nuorodos numeris | N 727/07 |
| Valstybė narė | Italija |
| Regionas | Veneto |
| Pagalbos (ir (arba) gavėjo) pavadinimas | Istituzione del «Fondo di rotazione per le agrienergie» |
| Teisinis pagrindas | Legge regionale 12 dicembre 2003 n. 40 «Nuove norme per gli interventi in agricoltura» articolo 58 ter |
| Pagalbos priemonės rūšis | Pagalbos schema |
| Tikslas | Aplinkos apsauga |
| Pagalbos forma | Palūkanų subsidija |
| Biudžetas | Bendra suteiktos pagalbos suma 30 mln. EUR |
| Pagalbos intensyvumas | 80 % |
| Trukmė | iki 2010 12 31 |
| Ekonomikos sektorius | Elektros, dujų ir vandens tiekimas |
| Pagalbą teikiančios institucijos pavadinimas ir adresas | Giunta Regionale Regione Veneto |
| Palazzo Balbi |
| 3013 Venezia VE |
| ITALIA |

Sprendimo priėmimo data

2009 2 23

Valstybės pagalbos nuorodos numeris

N 727/07

Valstybė narė

Italija

Regionas

Veneto

Pagalbos (ir (arba) gavėjo) pavadinimas

Istituzione del «Fondo di rotazione per le agrienergie»

Teisinis pagrindas

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

Pagalbos priemonės rūšis

Pagalbos schema

Tikslas

Aplinkos apsauga

Pagalbos forma

Palūkanų subsidija

Biudžetas

Bendra suteiktos pagalbos suma 30 mln. EUR

Pagalbos intensyvumas

80 %

Trukmė

iki 2010 12 31

Ekonomikos sektorius

Elektros, dujų ir vandens tiekimas

Pagalbą teikiančios institucijos pavadinimas ir adresas

Giunta Regionale Regione Veneto

Palazzo Balbi

3013 Venezia VE

ITALIA

Kita informacija

—

Sprendimo tekstą be konfidencialių duomenų oficialiąja (-iosiomis) kalba (-omis) galima rasti tinklalapyje:

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

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| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/2 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/2

---

Neprieštaravimas praneštai koncentracijai

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

(Tekstas svarbus EEE)

2010/C 266/02

2010 m. rugpjūčio 12 d. Komisija nusprendė neprieštarauti pirmiau nurodytai koncentracijai, apie kurią pranešta, ir pripažinti ją suderinama su bendrąja rinka. Šis sprendimas priimtas remiantis Tarybos reglamento (EB) Nr. 139/2004 6 straipsnio 1 dalies b punktu. Visas sprendimo tekstas pateikiamas tik prancūzų kalba ir bus viešai paskelbtas iš jo pašalinus visą konfidencialią su verslu susijusią informaciją. Sprendimo tekstą bus galima rasti:

| — | Komisijos konkurencijos svetainės susijungimų skiltyje (http://ec.europa.eu/competition/mergers/cases/). Šioje svetainėje konkrečius sprendimus dėl susijungimo galima rasti įvairiais būdais, pavyzdžiui, pagal įmonės pavadinimą, bylos numerį, sprendimo priėmimo datą ir sektorių, |
| --- | --- |

—

Komisijos konkurencijos svetainės susijungimų skiltyje (http://ec.europa.eu/competition/mergers/cases/). Šioje svetainėje konkrečius sprendimus dėl susijungimo galima rasti įvairiais būdais, pavyzdžiui, pagal įmonės pavadinimą, bylos numerį, sprendimo priėmimo datą ir sektorių,

| — | elektroniniu formatu EUR-Lex svetainėje (http://eur-lex.europa.eu/en/index.htm). Dokumento numeris 32010M5741. EUR-Lex svetainėje galima rasti įvairių Bendrijos teisės aktų. |
| --- | --- |

—

elektroniniu formatu EUR-Lex svetainėje (http://eur-lex.europa.eu/en/index.htm). Dokumento numeris 32010M5741. EUR-Lex svetainėje galima rasti įvairių Bendrijos teisės aktų.

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IV Pranešimai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI

Europos Komisija

| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/3 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/3

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Euro kursas (1)

2010 m. rugsėjo 30 d.

2010/C 266/03

1 euro =

| | Valiuta | Valiutos kursas |
| --- | --- | --- |
| USD | JAV doleris | 1,3648 |
| JPY | Japonijos jena | 113,68 |
| DKK | Danijos krona | 7,4519 |
| GBP | Svaras sterlingas | 0,85995 |
| SEK | Švedijos krona | 9,1421 |
| CHF | Šveicarijos frankas | 1,3287 |
| ISK | Islandijos krona | |
| NOK | Norvegijos krona | 7,9680 |
| BGN | Bulgarijos levas | 1,9558 |
| CZK | Čekijos krona | 24,600 |
| EEK | Estijos kronos | 15,6466 |
| HUF | Vengrijos forintas | 275,75 |
| LTL | Lietuvos litas | 3,4528 |
| LVL | Latvijos latas | 0,7094 |
| PLN | Lenkijos zlotas | 3,9847 |
| RON | Rumunijos lėja | 4,2718 |
| TRY | Turkijos lira | 1,9806 |
| AUD | Australijos doleris | 1,4070 |
| CAD | Kanados doleris | 1,4073 |
| HKD | Honkongo doleris | 10,5918 |
| NZD | Naujosios Zelandijos doleris | 1,8436 |
| SGD | Singapūro doleris | 1,7942 |
| KRW | Pietų Korėjos vonas | 1 550,65 |
| ZAR | Pietų Afrikos randas | 9,5438 |
| CNY | Kinijos ženminbi juanis | 9,1321 |
| HRK | Kroatijos kuna | 7,3058 |
| IDR | Indonezijos rupija | 12 173,44 |
| MYR | Malaizijos ringitas | 4,2101 |
| PHP | Filipinų pesas | 59,869 |
| RUB | Rusijos rublis | 41,6923 |
| THB | Tailando batas | 41,442 |
| BRL | Brazilijos realas | 2,3201 |
| MXN | Meksikos pesas | 17,1258 |
| INR | Indijos rupija | 61,2470 |

Valiuta

Valiutos kursas

USD

JAV doleris

1,3648

JPY

Japonijos jena

113,68

DKK

Danijos krona

7,4519

GBP

Svaras sterlingas

0,85995

SEK

Švedijos krona

9,1421

CHF

Šveicarijos frankas

1,3287

ISK

Islandijos krona

NOK

Norvegijos krona

7,9680

BGN

Bulgarijos levas

1,9558

CZK

Čekijos krona

24,600

EEK

Estijos kronos

15,6466

HUF

Vengrijos forintas

275,75

LTL

Lietuvos litas

3,4528

LVL

Latvijos latas

0,7094

PLN

Lenkijos zlotas

3,9847

RON

Rumunijos lėja

4,2718

TRY

Turkijos lira

1,9806

AUD

Australijos doleris

1,4070

CAD

Kanados doleris

1,4073

HKD

Honkongo doleris

10,5918

NZD

Naujosios Zelandijos doleris

1,8436

SGD

Singapūro doleris

1,7942

KRW

Pietų Korėjos vonas

1 550,65

ZAR

Pietų Afrikos randas

9,5438

CNY

Kinijos ženminbi juanis

9,1321

HRK

Kroatijos kuna

7,3058

IDR

Indonezijos rupija

12 173,44

MYR

Malaizijos ringitas

4,2101

PHP

Filipinų pesas

59,869

RUB

Rusijos rublis

41,6923

THB

Tailando batas

41,442

BRL

Brazilijos realas

2,3201

MXN

Meksikos pesas

17,1258

INR

Indijos rupija

61,2470

---

(1)  Šaltinis: valiutų perskaičiavimo kursai paskelbti ECB.

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V Nuomonės

PROCEDŪROS, SUSIJUSIOS SU BENDROS PREKYBOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/4 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/4

---

Pranešimas dėl antidempingo priemonių, taikomų tam tikram į Sąjungą importuojamam, inter alia, Malaizijos kilmės polietileno tereftalatui: bendrovės, kuriai taikoma individualaus antidempingo muito norma, pavadinimo pasikeitimas

2010/C 266/04

Tam tikram importuojamam Malaizijos kilmės polietileno tereftalatui taikomas Tarybos reglamentu (EB) Nr. 192/2007 (1) su pakeitimais (toliau – Reglamentas (EB) Nr. 192/2007) nustatytas galutinis antidempingo muitas.

Malaizijoje įsikūrusi bendrovė Hualon Corporation (M) Sdn. Bhd. (toliau – Hualon), kurios tam tikram į Sąjungą eksportuojamam polietileno tereftalatui taikomas Reglamento (EB) Nr. 192/2007 1 straipsnio 2 dalimi nustatytas 36,0 EUR/t individualus antidempingo muitas, pranešė Komisijai, kad, pradėjus bankroto administravimo procesą, nuo 2008 m. liepos 23 d. visą jos Malaizijoje esantį turtą ir turimus įsipareigojimus perėmė bendrovė Recron (Malaysia) Sdn. Bhd. (toliau – Recron), tapusi teisėta jos teisių perėmėja.

Hualon teigė, kad perėmimas ir pavadinimo pakeitimas nedaro įtakos su nagrinėjamuoju produktu susijusiai bendrovės veiklai, taip pat ir Recron teisei naudotis individualaus antidempingo muito norma, Reglamentu (EB) Nr. 192/2007 taikyta bendrovei Hualon.

Komisija išnagrinėjo pateiktą informaciją ir atsižvelgdama į tai, kad pavadinimo pasikeitimą registruoti prašančią bendrovę perėmė anksčiau nagrinėjamojo produktu negaminusi bendrovė, priėjo prie išvados, kad pavadinimo pasikeitimas neturi jokios įtakos Reglamento (EB) Nr. 192/2007 išvadoms. Todėl Reglamento (EB) Nr. 192/2007 1 straipsnio 2 dalyje nuoroda į:

Hualon Corp. (M) Sdn. Bhd.

turėtų būti laikoma nuoroda į:

Recron (Malaysia) Sdn. Bhd.

Papildomas TARIC kodas A186, kuris anksčiau buvo priskirtas bendrovei Hualon Corp. (M) Sdn. Bhd., taikomas bendrovei Recron (Malaysia) Sdn. Bhd.

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(1)  OL L 59, 2007 2 27, p. 1.

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PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/5 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/5

---

VALSTYBĖS PAGALBA – AUSTRIJA

Valstybės pagalba C 16/09 – „Hypo Group Alpe Adria“ (HGAA)

Kvietimas teikti pastabas pagal Sutarties dėl Europos Sąjungos veikimo 108 straipsnio 2 dalį

(Tekstas svarbus EEE)

2010/C 266/05

2010 m. birželio 22 d. raštu, pateiktu originalo kalba po šios santraukos, Komisija pranešė Austrijai apie savo sprendimą pratęsti leidimą teikti pagalbą, kuri yra laikinai suderinama su vidaus rinka, ir toliau išplėsti Sutarties dėl Europos Sąjungos veikimo 108 straipsnio 2 dalyje nustatytą procedūrą.

Per dvi savaites nuo šios santraukos ir prie jos pridėto rašto paskelbimo dienos suinteresuotosios šalys gali pateikti pastabas apie priemones, dėl kurių Komisija išplečia procedūrą, adresu:

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

European Commission

Directorate-General for Competition

State aid Greffe

Office: J-70, 03/219

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

Faks. +32 22961242

Šios pastabos bus perduotos Austrijai. Pastabas teikianti suinteresuotoji šalis gali pateikti pagrįstą raštišką prašymą neatskleisti jos tapatybės.

1.   PROCEDŪRA

2008 m. gruodžio 18 d. sprendimu byloje N 615/08 Europos Komisija šešių mėnesių laikotarpiui arba kol bus pateiktas patikimas ir pagrįstas banko restruktūrizavimo planas pagal Sutarties dėl Europos Sąjungos veikimo 107 straipsnio 3 dalies b punktą patvirtino pagrindiniam banko HGAA savininkui bankui „BayernLB“ Vokietijos skirtą neatidėliotiną valstybės pagalbą: 4,8 mlrd. EUR apsaugą nuo rizikos ir 10 mlrd. EUR kapitalo injekciją. Gavęs šią pagalbą, „BayernLB“ patronuojamajam bankui HGAA skyrė 700 mln. EUR. Tą patį mėnesį pagal savo bankų schemą Austrija bankui HGAA skyrė 900 mln. EUR kapitalo injekciją.

2009 m. balandžio 29 d. Vokietija pranešė Komisijai apie banko „BayernLB“, įskaitant banką HGAA, restruktūrizavimo planą. Tą pačią dieną Austrija pateikė HGAA gyvybingumo atkūrimo planą, kuris iš esmės patikimiems bankams reikalingas pagal Austrijos bankų schemą.

2009 m. gegužės 12 d. sprendimu byloje N 254/09 (toliau – sprendimas pradėti procedūrą) Komisija pareiškė abejojanti, ar bankui „BayernLB“ skirta pagalba yra suderinama su vidaus rinka, ar HGAA yra iš esmės patikimas bankas ir ar Austrijos skirta pagalba bankui HGAA atitinka Sutarties dėl Europos Sąjungos veikimo 107 straipsnio 3 dalies b punktą.

2009 m. gruodžio 18 d. Austrija pranešė apie papildomas pagalbos priemones.

2009 m. gruodžio 23 d. sprendimu bylose C 16/09 ir N 698/09 Komisija paskelbė, kad bankui HGAA skirtos priemonės, aprašytos 2 dalyje, yra laikinai suderinamos su vidaus rinka pagal Sutarties dėl Europos Sąjungos veikimo 107 straipsnio 3 dalies b punktą, kol bus pateiktas patikimas restruktūrizavimo planas ir kol jį įvertins Komisija, tačiau ne ilgiau kaip šešių mėnesių laikotarpiui. Be to, dėl šių papildomų priemonių išplėsta susijusi procedūra, kaip nustatyta Sutarties dėl Europos Sąjungos veikimo 108 straipsnio 2 dalyje.

2010 m. balandžio mėn. Austrija pateikė banko HGAA restruktūrizavimo planą.

Kadangi Komisija tebevertino restruktūrizavimo planą ir pagalbą, Austrija paprašė pratęsti laikiną leidimą taikyti priemones.

2.   BANKUI HGAA SKIRIAMOS PRIEMONĖS

HGAA gavo 700 mln. EUR iš banko „BayernLB“ ir 900 mln. EUR 1 lygio akcinio kapitalo (vok. Partizipationskapital) iš Austrijos Respublikos, taip pat 1,35 mlrd. EUR obligacijų emisijų likvidumo garantiją pagal Austrijos neatidėliotinos paramos bankams schemą.

Be to, bankui HGAA skirtos šios 2009 m. gruodžio mėn. sprendimu laikinai patvirtintos pagalbos priemonės:

| — | 100 mln. EUR laikinoji garantija, kurią pagal savo neatidėliotinos paramos bankams schemą Austrija skyrė atsižvelgdama į sunkumų patiriantiems bankams keliamas sąlygas, |
| --- | --- |

—

100 mln. EUR laikinoji garantija, kurią pagal savo neatidėliotinos paramos bankams schemą Austrija skyrė atsižvelgdama į sunkumų patiriantiems bankams keliamas sąlygas,

| — | 200 mln. EUR kapitalo restruktūrizavimo priemonė, kurią skyrė Karintijos žemė (nustatyti 6 % dividendai, kurie pirmą kartą bus mokami 2013 m.), |
| --- | --- |

—

200 mln. EUR kapitalo restruktūrizavimo priemonė, kurią skyrė Karintijos žemė (nustatyti 6 % dividendai, kurie pirmą kartą bus mokami 2013 m.),

| — | papildoma kapitalo restruktūrizavimo priemonė, kurios didžiausia galima suma 350 mln. EUR ir kurią pagal savo neatidėliotinos paramos bankams schemą Austrija skyrė atsižvelgdama į sunkumų patiriantiems bankams keliamas sąlygas, |
| --- | --- |

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papildoma kapitalo restruktūrizavimo priemonė, kurios didžiausia galima suma 350 mln. EUR ir kurią pagal savo neatidėliotinos paramos bankams schemą Austrija skyrė atsižvelgdama į sunkumų patiriantiems bankams keliamas sąlygas,

| — | maždaug 200 mln. EUR likvidumo priemonės, kurias skyrė Karintijos žemė atsižvelgdama į esamus verslo santykius. |
| --- | --- |

—

maždaug 200 mln. EUR likvidumo priemonės, kurias skyrė Karintijos žemė atsižvelgdama į esamus verslo santykius.

3.   VERTINIMAS

Jau 2009 m. gegužės 12 d. ir 2009 m. gruodžio 23 d. sprendimuose Komisija nustatė, kad bankui HGAA skirtos priemonės yra valstybės pagalba.

Abiejuose ankstesniuose sprendimuose išreiktos pirminės abejonės dėl pagalbos priemonių suderinamumo pateikus restruktūrizavimo planą dar neišsklaidytos.

Kalbant apie gyvybingumo atkūrimą, Komisija abejoja, kad bendras banko veiklos modelis yra tinkamas gyvybingumui atkurti.

Be to, atsižvelgdama į žemą HGAA reitingą ir prognozuojamas dideles finansavimo išlaidas pasibaigus Karintijos žemės garantijų galiojimui ir ankstesniam savininkui „BayernLB“ nustojus teikti finansinę paramą, Komisija abejoja, ar HGAA nereikės iš esmės pertvarkyti savo veiklos modelio, o toks pertvarkymas ypač gali paveikti viešojo finansavimo veiklą, kuriai būdingos nedidelės maržos.

Be to, Komisija mano, kad HGAA turi išspręsti nemažai turto kokybės problemų, susijusių su prasta ir tebeblogėjančia paskolų knygos kokybe, ir abejoja, kad svarbiausios sprendimų priėmimo ir rizikos valdymo procesų problemos gali būti laiku išspręstos.

Be to, Komisija abejoja, kad bankas galėtų atlyginti nuosavą kapitalą, kaip nustatyta Restruktūrizavimo komunikate, nes tam reikėtų tinkamos nuosavo kapitalo grąžos, atitinkančios banko rizikos profilį; Komisija taip pat abejoja, ar bankas gali užtikrinti reikiamą atlygį įprastomis rinkos sąlygomis arba ilgainiui grąžinti valstybės suteiktą kapitalą.

Be to, Komisija abejoja, ar kapitalas, kurį pagal savo bankų schemą Austrija skyrė bankui HGAA, gali būti tinkamai atlygintas, nes 2008 m. gruodžio mėn. skirdama kapitalo injekciją Austrija pripažino, kad šis bankas yra iš esmės patikimas, ir todėl jam buvo taikomos mažesnės normos. Komisija primena 2009 m. gegužės mėn. sprendime abejojusi Austrijos vertinimu, kad bankas yra iš esmės patikimas.

Vertindama konkurencijos iškraipymų ribojimo priemones, Komisija primena abejojanti, kad siūlomų priemonių pakanka pagalbos sukeltiems konkurencijos iškraipymams tinkamai sumažinti. Visų pirma, daugiausia veiklos, kurios HGAA planuoja atsisakyti, yra nuostolinga, todėl būtina gyvybingumui atkurti. Kitaip tariant, Komisija abejoja, ar nereikia daugiau priemonių pagalbos sukeltiems konkurencijos iškraipymams pašalinti.

RAŠTO TEKSTAS

„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). |
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(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). |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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, |
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(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. |
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—

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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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. |
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(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 | LT | Europos Sąjungos oficialusis leidinys | C 266/11 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/11

---

Išankstinis pranešimas apie koncentraciją

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

(Tekstas svarbus EEE)

2010/C 266/06

| 1. | 2010 m. rugsėjo 23 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė „Finavias S.à r.l“ (toliau – „Finavias“, Liuksemburgas), kontroliuojama įmonės „AXA Investment Managers Private Equity SA“ (toliau – „AXA Private Equity“, Prancūzija), priklausančios „AXA group“ (toliau – AXA, Prancūzija), ir įmonė „Iberpistas“, kontroliuojama įmonės „Abertis Infraestructuras, SA“ (toliau – „Abertis“, Ispanija), pirkdamos akcijas įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, bendrą įmonės „Autopista Trados M-45“ (toliau – „Trados M-45“, Ispanija) kontrolę. |
| --- | --- |

1.

2010 m. rugsėjo 23 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė „Finavias S.à r.l“ (toliau – „Finavias“, Liuksemburgas), kontroliuojama įmonės „AXA Investment Managers Private Equity SA“ (toliau – „AXA Private Equity“, Prancūzija), priklausančios „AXA group“ (toliau – AXA, Prancūzija), ir įmonė „Iberpistas“, kontroliuojama įmonės „Abertis Infraestructuras, SA“ (toliau – „Abertis“, Ispanija), pirkdamos akcijas įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, bendrą įmonės „Autopista Trados M-45“ (toliau – „Trados M-45“, Ispanija) kontrolę.

| 2. | Įmonių verslo veikla:






  — | „Finavias“: privatus nuosavas kapitalas ir turto valdymo veikla, |
| --- | --- | --- |

2.

Įmonių verslo veikla:

—

„Finavias“: privatus nuosavas kapitalas ir turto valdymo veikla,

| — | „AXA Private Equity“: turto valdymas investuojant į bendroves, kurių vertybiniai popieriai neįtraukti į biržos sąrašus, arba investicinius fondus. Priklauso AXA, tarptautinei grupei, teikiančiai gyvybės draudimo, ne gyvybės draudimo ir susijusias finansines paslaugas, |
| --- | --- |

—

„AXA Private Equity“: turto valdymas investuojant į bendroves, kurių vertybiniai popieriai neįtraukti į biržos sąrašus, arba investicinius fondus. Priklauso AXA, tarptautinei grupei, teikiančiai gyvybės draudimo, ne gyvybės draudimo ir susijusias finansines paslaugas,

| — | „Abertis“: mobilumo ir telekomunikacijų infrastruktūra tokiose verslo srityse: mokami keliai, telekomunikacijų infrastruktūra, oro uostai, automobilių stovėjimo aikštelės ir logistika, |
| --- | --- |

—

„Abertis“: mobilumo ir telekomunikacijų infrastruktūra tokiose verslo srityse: mokami keliai, telekomunikacijų infrastruktūra, oro uostai, automobilių stovėjimo aikštelės ir logistika,

| — | „Trados M-45“: kelių koncesijų valdymas. |
| --- | --- |

—

„Trados M-45“: kelių koncesijų valdymas.

| 3. | Preliminariai išnagrinėjusi pranešimą Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas EB susijungimų reglamentas. Komisijai paliekama teisė priimti galutinį sprendimą šiuo klausimu. |
| --- | --- |

3.

Preliminariai išnagrinėjusi pranešimą Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas EB susijungimų reglamentas. Komisijai paliekama teisė priimti galutinį sprendimą šiuo klausimu.

| 4. | Komisija kviečia suinteresuotas trečiąsias šalis teikti savo pastabas dėl pasiūlyto veiksmo.
  Pastabos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), e. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45 adresu:





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

4.

Komisija kviečia suinteresuotas trečiąsias šalis teikti savo pastabas dėl pasiūlyto veiksmo.

Pastabos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), e. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45 adresu:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OL L 24, 2004 1 29, p. 1 (EB susijungimų reglamentas).

---

| 1.10.2010 | LT | Europos Sąjungos oficialusis leidinys | C 266/12 |
| --- | --- | --- | --- |

1.10.2010

LT

Europos Sąjungos oficialusis leidinys

C 266/12

---

Išankstinis pranešimas apie koncentraciją

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

Bylą numatoma nagrinėti supaprastinta tvarka

(Tekstas svarbus EEE)

2010/C 266/07

| 1. | 2010 m. rugsėjo 22 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė „Apotheek DocMorris N.V.“ (Nyderlandai), priklausanti įmonių grupei „Haniel“, ir įmonė „K-mail Order GmbH & Co KG“ (Vokietija) įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, bendrą įmonės „Wellsana B.V.“ (Nyderlandai) kontrolę, pirkdamos įsteigtos naujos bendros įmonės akcijas. |
| --- | --- |

1.

2010 m. rugsėjo 22 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė „Apotheek DocMorris N.V.“ (Nyderlandai), priklausanti įmonių grupei „Haniel“, ir įmonė „K-mail Order GmbH & Co KG“ (Vokietija) įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, bendrą įmonės „Wellsana B.V.“ (Nyderlandai) kontrolę, pirkdamos įsteigtos naujos bendros įmonės akcijas.

| 2. | Įmonių verslo veikla:






  — | „Apotheek DocMorris N.V.“: mažmeninė prekyba vaistinės produktais per vaistines, |
| --- | --- | --- |

2.

Įmonių verslo veikla:

—

„Apotheek DocMorris N.V.“: mažmeninė prekyba vaistinės produktais per vaistines,

| — | „K-mail Order GmbH & Co KG“: mažmeninė prekyba drabužiais, papuošalais, namų apyvokos ir buities reikmenimis, sveikatingumo produktais. |
| --- | --- |

—

„K-mail Order GmbH & Co KG“: mažmeninė prekyba drabužiais, papuošalais, namų apyvokos ir buities reikmenimis, sveikatingumo produktais.

| 3. | Preliminariai išnagrinėjusi pranešimą Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas EB susijungimų reglamentas. Komisijai paliekama teisė priimti galutinį sprendimą šiuo klausimu. Remiantis Komisijos komunikatu dėl supaprastintos procedūros, taikomos tam tikroms koncentracijoms pagal EB susijungimų reglamentą (2), reikėtų pažymėti, kad šią bylą numatoma nagrinėti komunikate nurodyta tvarka. |
| --- | --- |

3.

Preliminariai išnagrinėjusi pranešimą Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas EB susijungimų reglamentas. Komisijai paliekama teisė priimti galutinį sprendimą šiuo klausimu. Remiantis Komisijos komunikatu dėl supaprastintos procedūros, taikomos tam tikroms koncentracijoms pagal EB susijungimų reglamentą (2), reikėtų pažymėti, kad šią bylą numatoma nagrinėti komunikate nurodyta tvarka.

| 4. | Komisija kviečia suinteresuotas trečiąsias šalis teikti savo pastabas dėl pasiūlyto veiksmo.
  Pastabos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), e. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV adresu:





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

4.

Komisija kviečia suinteresuotas trečiąsias šalis teikti savo pastabas dėl pasiūlyto veiksmo.

Pastabos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), e. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV adresu:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OL L 24, 2004 1 29, p. 1 (EB susijungimų reglamentas).

(2)  OL C 56, 2005 3 5, p. 32 (Komunikatas dėl supaprastintos procedūros).

---