# Euroopa Liidu C 266/2010

| | ISSN 1725-5171
  doi:10.3000/17255171.C_2010.266.est |
| --- | --- |
| Euroopa Liidu
  Teataja | C 266 |
| | |
| Eestikeelne väljaanne | Teave ja teatised | 53. köide1. oktoober 2010 |

ISSN 1725-5171

doi:10.3000/17255171.C_2010.266.est

Euroopa Liidu

Teataja

C 266

Eestikeelne väljaanne

Teave ja teatised

53. köide1. oktoober 2010

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| Teatis nr | Sisukord | Lehekülg |
| --- | --- | --- |
| | II   Teatised |
| | EUROOPA LIIDU INSTITUTSIOONIDE, ORGANITE JA ASUTUSTE TEATISED |
| | Euroopa Komisjon |
| 2010/C 266/01 | Euroopa Ühenduse asutamislepingu artiklite 87 ja 88 raames antava riigiabi lubamine – Juhud, mille suhtes komisjonil ei ole vastuväiteid (
  1
  ) | 1 |
| 2010/C 266/02 | Teatatud koondumise aktsepteering (Toimik COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  ) | 2 |

Teatis nr

Sisukord

Lehekülg

II   Teatised

EUROOPA LIIDU INSTITUTSIOONIDE, ORGANITE JA ASUTUSTE TEATISED

Euroopa Komisjon

2010/C 266/01

Euroopa Ühenduse asutamislepingu artiklite 87 ja 88 raames antava riigiabi lubamine – Juhud, mille suhtes komisjonil ei ole vastuväiteid (
  1
  )

1

1

2010/C 266/02

Teatatud koondumise aktsepteering (Toimik COMP/M.5741 – CDC/Veolia Environment/Transdev/Veolia Transport) (
  1
  )

1

2

| | IV   Teave |
| --- | --- |
| | TEAVE EUROOPA LIIDU INSTITUTSIOONIDELT, ORGANITELT JA ASUTUSTELT |
| | Euroopa Komisjon |
| 2010/C 266/03 | Euro vahetuskurss | 3 |

IV   Teave

TEAVE EUROOPA LIIDU INSTITUTSIOONIDELT, ORGANITELT JA ASUTUSTELT

Euroopa Komisjon

2010/C 266/03

Euro vahetuskurss

3

| | V   Teated |
| --- | --- |
| | ÜHISE KAUBANDUSPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED |
| | Euroopa Komisjon |
| 2010/C 266/04 | Teade dumpinguvastaste meetmete kohta, mis kehtivad teatava, muu hulgas Malaisiast pärit polüetüleentereftalaadi importimise suhtes liitu: nime muutus äriühingu puhul, mille suhtes kohaldatakse individuaalset dumpinguvastast tollimaksumäära | 4 |
| | KONKURENTSIPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED |
| | Euroopa Komisjon |
| 2010/C 266/05 | Riigiabi – Austria – Riigiabi C 16/09 – Hypo Group Alpe Adria (HGAA) – Kutse märkuste esitamiseks Euroopa Liidu toimimise lepingu artikli 108 lõike 2 kohaselt (
  1
  ) | 5 |
| 2010/C 266/06 | Eelteatis koondumise kohta (Juhtum COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  ) | 11 |
| 2010/C 266/07 | Eelteatis koondumise kohta (Juhtum COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Võimalik lihtsustatud korras menetlemine (
  1
  ) | 12 |

V   Teated

ÜHISE KAUBANDUSPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED

Euroopa Komisjon

2010/C 266/04

Teade dumpinguvastaste meetmete kohta, mis kehtivad teatava, muu hulgas Malaisiast pärit polüetüleentereftalaadi importimise suhtes liitu: nime muutus äriühingu puhul, mille suhtes kohaldatakse individuaalset dumpinguvastast tollimaksumäära

4

KONKURENTSIPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED

Euroopa Komisjon

2010/C 266/05

Riigiabi – Austria – Riigiabi C 16/09 – Hypo Group Alpe Adria (HGAA) – Kutse märkuste esitamiseks Euroopa Liidu toimimise lepingu artikli 108 lõike 2 kohaselt (
  1
  )

1

5

2010/C 266/06

Eelteatis koondumise kohta (Juhtum COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45) (
  1
  )

1

11

2010/C 266/07

Eelteatis koondumise kohta (Juhtum COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV) – Võimalik lihtsustatud korras menetlemine (
  1
  )

1

12

| | |
| --- | --- |
| | (1)   EMPs kohaldatav tekst |

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(1)   EMPs kohaldatav tekst

1

| ET | |
| --- | --- |

ET

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II Teatised

EUROOPA LIIDU INSTITUTSIOONIDE, ORGANITE JA ASUTUSTE TEATISED

Euroopa Komisjon

| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/1 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/1

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Euroopa Ühenduse asutamislepingu artiklite 87 ja 88 raames antava riigiabi lubamine

Juhud, mille suhtes komisjonil ei ole vastuväiteid

(EMPs kohaldatav tekst)

2010/C 266/01

| Otsuse vastuvõtmise kuupäev | 23.2.2009 |
| --- | --- |
| Riikliku abi viitenumber | N 727/07 |
| Liikmesriik | Itaalia |
| Piirkond | Veneto |
| Nimetus (ja/või abisaaja nimi) | Istituzione del «Fondo di rotazione per le agrienergie» |
| Õiguslik alus | Legge regionale 12 dicembre 2003 n. 40 «Nuove norme per gli interventi in agricoltura» articolo 58 ter |
| Meetme liik | Abiskeem |
| Eesmärk | Keskkonnakaitse |
| Abi vorm | Intressitoetus |
| Eelarve | Kavandatud abi kogusumma: 30 mln EUR |
| Abi osatähtsus | 80 % |
| Kestus | kuni 31.12.2010 |
| Majandusharud | Elektri-, gaasi- ja veevarustus |
| Abi andva asutuse nimi ja aadress | Giunta Regionale Regione Veneto |
| Palazzo Balbi |
| 3013 Venezia VE |
| ITALIA |

Otsuse vastuvõtmise kuupäev

23.2.2009

Riikliku abi viitenumber

N 727/07

Liikmesriik

Itaalia

Piirkond

Veneto

Nimetus (ja/või abisaaja nimi)

Istituzione del «Fondo di rotazione per le agrienergie»

Õiguslik alus

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

Meetme liik

Abiskeem

Eesmärk

Keskkonnakaitse

Abi vorm

Intressitoetus

Eelarve

Kavandatud abi kogusumma: 30 mln EUR

Abi osatähtsus

80 %

Kestus

kuni 31.12.2010

Majandusharud

Elektri-, gaasi- ja veevarustus

Abi andva asutuse nimi ja aadress

Giunta Regionale Regione Veneto

Palazzo Balbi

3013 Venezia VE

ITALIA

Muu teave

—

Otsuse autentne tekst, millest on eemaldatud kogu konfidentsiaalne teave, on kättesaadav aadressil:

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

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| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/2 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/2

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Teatatud koondumise aktsepteering

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

(EMPs kohaldatav tekst)

2010/C 266/02

12. augustil 2010 otsustas komisjon loobuda vastuväidete esitamisest eespool nimetatud teatatud koondumise kohta ning kuulutada koondumine ühisturuga kokkusobivaks. Otsuse aluseks on nõukogu määruse (EÜ) nr 139/2004 artikli 6 lõike 1 punkt b. Otsuse täielik tekst on kättesaadav ainult prantsuse keeles ning see avaldatakse pärast seda, kui sellest on kustutatud võimalikud ärisaladused. Otsus on kättesaadav:

| — | Euroopa konkurentsialasel veebisaidil (http://ec.europa.eu/competition/mergers/cases/). Veebisaidil pakutakse mitut võimalust otsida konkreetset ühinemisotsust, sealhulgas ettevõtja nime, juhtumi numbri, kuupäeva ja tegevusalade registri kaudu; |
| --- | --- |

—

Euroopa konkurentsialasel veebisaidil (http://ec.europa.eu/competition/mergers/cases/). Veebisaidil pakutakse mitut võimalust otsida konkreetset ühinemisotsust, sealhulgas ettevõtja nime, juhtumi numbri, kuupäeva ja tegevusalade registri kaudu;

| — | elektroonilises vormis EUR-Lex veebisaidil (http://eur-lex.europa.eu/en/index.htm) dokumendinumbri 32010M5741 all. EUR-Lex pakub on-line juurdepääsu Euroopa õigusele. |
| --- | --- |

—

elektroonilises vormis EUR-Lex veebisaidil (http://eur-lex.europa.eu/en/index.htm) dokumendinumbri 32010M5741 all. EUR-Lex pakub on-line juurdepääsu Euroopa õigusele.

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IV Teave

TEAVE EUROOPA LIIDU INSTITUTSIOONIDELT, ORGANITELT JA ASUTUSTELT

Euroopa Komisjon

| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/3 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/3

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Euro vahetuskurss (1)

30. september 2010

2010/C 266/03

1 euro =

| | Valuuta | Kurss |
| --- | --- | --- |
| USD | USA dollar | 1,3648 |
| JPY | Jaapani jeen | 113,68 |
| DKK | Taani kroon | 7,4519 |
| GBP | Inglise nael | 0,85995 |
| SEK | Rootsi kroon | 9,1421 |
| CHF | Šveitsi frank | 1,3287 |
| ISK | Islandi kroon | |
| NOK | Norra kroon | 7,9680 |
| BGN | Bulgaaria lev | 1,9558 |
| CZK | Tšehhi kroon | 24,600 |
| EEK | Eesti kroon | 15,6466 |
| HUF | Ungari forint | 275,75 |
| LTL | Leedu litt | 3,4528 |
| LVL | Läti latt | 0,7094 |
| PLN | Poola zlott | 3,9847 |
| RON | Rumeenia leu | 4,2718 |
| TRY | Türgi liir | 1,9806 |
| AUD | Austraalia dollar | 1,4070 |
| CAD | Kanada dollar | 1,4073 |
| HKD | Hongkongi dollar | 10,5918 |
| NZD | Uus-Meremaa dollar | 1,8436 |
| SGD | Singapuri dollar | 1,7942 |
| KRW | Korea won | 1 550,65 |
| ZAR | Lõuna-Aafrika rand | 9,5438 |
| CNY | Hiina jüaan | 9,1321 |
| HRK | Horvaatia kuna | 7,3058 |
| IDR | Indoneesia ruupia | 12 173,44 |
| MYR | Malaisia ringit | 4,2101 |
| PHP | Filipiini peeso | 59,869 |
| RUB | Vene rubla | 41,6923 |
| THB | Tai baht | 41,442 |
| BRL | Brasiilia reaal | 2,3201 |
| MXN | Mehhiko peeso | 17,1258 |
| INR | India ruupia | 61,2470 |

Valuuta

Kurss

USD

USA dollar

1,3648

JPY

Jaapani jeen

113,68

DKK

Taani kroon

7,4519

GBP

Inglise nael

0,85995

SEK

Rootsi kroon

9,1421

CHF

Šveitsi frank

1,3287

ISK

Islandi kroon

NOK

Norra kroon

7,9680

BGN

Bulgaaria lev

1,9558

CZK

Tšehhi kroon

24,600

EEK

Eesti kroon

15,6466

HUF

Ungari forint

275,75

LTL

Leedu litt

3,4528

LVL

Läti latt

0,7094

PLN

Poola zlott

3,9847

RON

Rumeenia leu

4,2718

TRY

Türgi liir

1,9806

AUD

Austraalia dollar

1,4070

CAD

Kanada dollar

1,4073

HKD

Hongkongi dollar

10,5918

NZD

Uus-Meremaa dollar

1,8436

SGD

Singapuri dollar

1,7942

KRW

Korea won

1 550,65

ZAR

Lõuna-Aafrika rand

9,5438

CNY

Hiina jüaan

9,1321

HRK

Horvaatia kuna

7,3058

IDR

Indoneesia ruupia

12 173,44

MYR

Malaisia ringit

4,2101

PHP

Filipiini peeso

59,869

RUB

Vene rubla

41,6923

THB

Tai baht

41,442

BRL

Brasiilia reaal

2,3201

MXN

Mehhiko peeso

17,1258

INR

India ruupia

61,2470

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(1)  Allikas: EKP avaldatud viitekurss.

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V Teated

ÜHISE KAUBANDUSPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED

Euroopa Komisjon

| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/4 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/4

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Teade dumpinguvastaste meetmete kohta, mis kehtivad teatava, muu hulgas Malaisiast pärit polüetüleentereftalaadi importimise suhtes liitu: nime muutus äriühingu puhul, mille suhtes kohaldatakse individuaalset dumpinguvastast tollimaksumäära

2010/C 266/04

Malaisiast pärit teatava polüetüleentereftalaadi impordi suhtes kohaldatakse lõplikke dumpinguvastaseid tollimakse, mis on kehtestatud nõukogu määrusega (EÜ) nr 192/2007 (1) (edaspidi „määrus (EÜ) nr 192/2007”).

Malaisias asuv äriühing Hualon Corporation (M) Sdn. Bhd. (edaspidi „Hualon”), kelle teatava polüetüleentereftalaadi ekspordi suhtes liitu kohaldatakse individuaalset dumpinguvastast tollimaksumäära 36,0 eurot tonni kohta, mis on kehtestatud määruse (EÜ) nr 192/2007 artikli 1 lõikega 2, on teatanud komisjonile, et alates pankrotivara haldamise menetluse algatamisest 23. juulil 2008 on kõik tema Malaisias asuvad varad ja kohustused üle läinud äriühingule Recron (Malaysia) Sdn. Bhd. (edaspidi „Recron”), kes on ka tema õigusjärglane.

Hualon väitis, et ülevõtmine ja nimemuutus ei mõjuta äriühingu asjaomase tootega seotud tegevust, mistõttu Recronil on õigus Hualoni suhtes määrusega (EÜ) nr 192/2007 kehtestatud individuaalsele dumpinguvastasele tollimaksumäärale.

Komisjon vaatas esitatud teabe läbi ning võttes arvesse asjaolu, et nimemuutusest teatanud äriühingu võttis üle äriühing, mis asjaomast toodet varem ei tootnud, tegi järelduse, et nimemuutus ei mõjuta vähimalgi määral määruse (EÜ) nr 192/2007 järeldusi. Seetõttu tuleb määruse (EÜ) nr 192/2007 artikli 1 lõikes 2 esitatud viidet äriühingule

Hualon Corp. (M) Sdn. Bhd.

lugeda kui

Recron (Malaysia) Sdn. Bhd.

Varem äriühingu Hualon Corp. (M) Sdn. Bhd. puhul kasutatud TARICi lisakoodi A186 hakatakse kasutama äriühingu Recron (Malaysia) Sdn. Bhd. puhul.

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(1)  ELT L 59, 27.2.2007, lk 1.

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KONKURENTSIPOLIITIKA RAKENDAMISEGA SEOTUD MENETLUSED

Euroopa Komisjon

| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/5 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/5

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RIIGIABI – AUSTRIA

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

Kutse märkuste esitamiseks Euroopa Liidu toimimise lepingu artikli 108 lõike 2 kohaselt

(EMPs kohaldatav tekst)

2010/C 266/05

Käesoleva kokkuvõtte järel autentses keeles esitatud 22. juuni 2010. aasta kirjas teatas komisjon Austriale oma otsusest pikendada luba anda ajutiselt ühisturuga kokkusobivaks tunnistatud abi ja laiendada Euroopa Liidu toimimise lepingu artikli 108 lõikes 2 sätestatud menetlust.

Huvitatud isikud võivad saata oma märkused abimeetme kohta, mille suhtes komisjon pikendab menetlust, kahe nädala jooksul alates käesoleva kokkuvõtte ja sellele järgneva kirja avaldamisest järgmisel aadressil:

| 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

Märkused edastatakse Austriale. Märkusi esitavad huvitatud isikud võivad kirjalikult taotleda neid käsitlevate andmete konfidentsiaalsust, täpsustades taotluse põhjused.

1.   MENETLUS

18. detsembri 2008. aasta otsusega kiitis Euroopa Komisjon heaks juhtumis N 615/08 erakorralise riigiabi, mille Saksamaa andis ettevõtja HGAA enamusomanikule BayernLB 4,8 miljardi EUR suuruse riskikaitse ja 10 miljardi EUR suuruse kapitalisüstina Euroopa Liidu toimimise lepingu artikli 107 lõike 3 punkti b alusel kuueks kuuks või kuni panga usaldusväärse ja põhjendatud ümberkorralduskava esitamiseni. Nii sai BayernLB teha 700 miljoni EUR suuruse kapitalisüsti tütarettevõtjasse HGAA. Samal kuul tegi Austria ettevõtjale HGAA 900 miljoni EUR suuruse kapitalisüsti Austria finantstoetusskeemi alusel.

29. aprillil 2009 teavitas Saksamaa komisjoni panga BayernLB (ja sealhulgas HGAA) ümberkorralduskavast. Samal päeval esitas Austria HGAA tervendamiskava, mida Austria finantstoetusskeemi alusel nõutakse põhimõtteliselt usaldusväärsetelt pankadelt.

12. mai 2009. aasta otsuses juhtumis N 254/09 (menetluse algatamise otsus) avaldas komisjon kahtlusi ettevõtjale BayernLB antud abi siseturuga kokkusobivuse, HGAA põhimõttelise usaldusväärsuse ning Austria poolt ettevõtjale HGAA antud abi Euroopa Liidu toimimise lepingu artikli 107 lõike 3 punktiga b kokkusobivuse suhtes.

Austria teatas täiendavatest abimeetmetest 18. detsembril 2009.

23. detsembri 2009. aasta otsuses asjades C 16/09 ja N 698/09 leidis komisjon, et ettevõtja HGAA suhtes võetud lõikes 2 kirjeldatud meetmed on ajutise abina ühisturuga kokkusobivad Euroopa Liidu toimimise lepingu artikli 107 lõike 3 punktiga b kuni usaldusväärse ümberkorralduskava esitamiseni ja selle hindamiseni komisjonis, kuid mitte kauem kui kuus kuud. Samal ajal laiendati kõneluste lisameetmete suhtes Euroopa Liidu toimimise lepingu artikli 108 lõikes 2 sätestatud menetlust.

Aprillis 2010 esitas Austria ettevõtja HGAA ümberkorralduskava.

Arvestades, et komisjon tegeles ümberkorralduskava ja abi hindamisega, taotles Austria meetmete ajutise heakskiidu pikendamist.

2.   ETTEVÕTJA HGAA SUHTES VÕETUD MEETMED

HGAA sai ettevõtjalt BayernLB 700 miljonit eurot ja Austria Vabariigilt 900 miljonit EUR esimese taseme kapitalina ning 1,35 miljardit EUR likviidsuskatet võlakirjade emiteerimiseks vastavalt Austria erakorralisele finantstoetusskeemile.

Lisaks võeti HGAA suhtes järgmisi, 2009. aasta detsembri otsusega ajutiselt heakskiidetud abimeetmeid:

| — | ajutine 100 miljoni euro suurune garantii vastavalt Austria erakorralises finantstoetusskeemis raskustes olevate pankade kohta sätestatud tingimustele; |
| --- | --- |

—

ajutine 100 miljoni euro suurune garantii vastavalt Austria erakorralises finantstoetusskeemis raskustes olevate pankade kohta sätestatud tingimustele;

| — | Kärtneri liidumaa poolt 200 miljoni EUR suurune rekapitaliseerimine 6 % lise dividendiga, mis kuulub esimest korda tasumisele 2013. majandusaastal; |
| --- | --- |

—

Kärtneri liidumaa poolt 200 miljoni EUR suurune rekapitaliseerimine 6 % lise dividendiga, mis kuulub esimest korda tasumisele 2013. majandusaastal;

| — | täiendav rekapitaliseerimine vastavalt Austria erakorralises finantstoetusskeemis raskustes olevate pankade kohta sätestatud tingimustele ülemmääraga 350 miljonit EUR; |
| --- | --- |

—

täiendav rekapitaliseerimine vastavalt Austria erakorralises finantstoetusskeemis raskustes olevate pankade kohta sätestatud tingimustele ülemmääraga 350 miljonit EUR;

| — | Kärtneri liidumaa poolt antud umbes 200 miljoni EUR suurused likviidsuse tagamise meetmed olemasolevate ärisuhete raames. |
| --- | --- |

—

Kärtneri liidumaa poolt antud umbes 200 miljoni EUR suurused likviidsuse tagamise meetmed olemasolevate ärisuhete raames.

3.   HINNANG

Komisjon on juba 2009. aasta 12. mai ja 23. detsembri otsustega kinnitanud, et ettevõtja HGAA suhtes võetud meetmed on riigiabi.

Ümberkorralduskava ei ole kõrvaldanud esialgseid, kahes eelnevas otsuses avaldatud kahtlusi abimeetmete siseturuga kokkusobivuse suhtes.

Elujõulisuse taastamise osas on komisjonil kahtlusi selles, kas panga üldine ärimudel üldse sobib elujõulisuse taastamiseks.

Arvestades HGAA madalat reitingut ja Kärtneri liidumaa antud tagatiste ja endise omaniku BayernLB rahastamistoetuse lõppemisest tingitud suuri rahastamiskulusid, arvab komisjon, et HGAA peaks ärimudelit põhjalikumalt muutma ning see võiks mõjutada tema avaliku sektori rahastamisäri, mida iseloomustavad väikesed kasumimarginaalid.

Komisjon leiab, et ettevõtjal HGAA on märkimisväärseid probleeme varade kvaliteediga, arvestades tema laenude madalat ja järjest langevat kvaliteeti, ning kahtleb, kas põhiprobleeme otsuste tegemisel ja riskide juhtimisel on võimalik õigeaegselt lahendada.

Komisjon kahtleb ka selles, kas pank suudab maksta omavahendite eest vastavalt ümberkorraldamisteatisele, kus nõutakse, et pank oleks võimeline oma riskiprofiili arvesse võttes tagama omakapitali piisava tasuvuse. Komisjon kahtleb ka selles, kas pank suudab tagada sobiva suurusega tasu tavapärastel turutingimustel või maksta selle asemel riigi pakutud kapitali aja jooksul tagasi.

Komisjon kahtleb, kas Austria poolt Austria finantstoetusskeemi alusel tehtud kapitalisüsti eest ettevõtjasse HGAA makstakse nõuetekohast tasu, sest Austria pidas panka detsembris 2008 toimunud kapitalisüsti tegemise ajal põhimõtteliselt usaldusväärseks ja andis seega madalamad intressimäärad. Komisjon tuletab meelde, et ta kahtles 2009. aasta mai otsuses Austria hinnangus panga põhimõttelises usaldusväärsuses.

Seoses konkurentsimoonutusi piiramise meetmetega tuletab komisjon meelde, et ta kahtles, kas kavandatud meetmetega on võimalik piirata abiga tekitatavaid konkurentsimoonutusi. Suurem osa HGAA loovutatavatest äritegevustest on kahjumlikud ja loovutamised seetõttu vajalikud elujõulisuse taastamiseks. Komisjon arvab, et kõnealuse abiga tekkivate konkurentsimoonutuste piiramiseks oleks vaja rohkem meetmeid.

KIRJA TEKST

„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. |
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(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. |
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(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. |
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(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 | ET | Euroopa Liidu Teataja | C 266/11 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/11

---

Eelteatis koondumise kohta

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

(EMPs kohaldatav tekst)

2010/C 266/06

| 1. | 23. septembril 2010 sai komisjon nõukogu määruse (EÜ) nr 139/2004 (1) artiklile 4 vastava teatise kavandatava koondumise kohta, mille raames ettevõtjad Finavias S.à r.l („Finavias”, Luksemburg), mille üle ettevõtjal AXA Investment Managers Private Equity SA („AXA Private Equity”, Prantsusmaa) on valitsev mõju ja mis kuulub kontserni AXA group („AXA”, Prantsusmaa), ning Iberpistas, mille üle ettevõtjal Abertis Infraestructuras, SA („Abertis”, Hispaania) on valitsev mõju, omandavad ühiskontrolli ühinemismääruse artikli 3 lõike 1 punkti b tähenduses ettevõtja Autopista Trados M-45 („Trados M-45”, Hispaania) üle aktsiate või osade ostu teel. |
| --- | --- |

1.

23. septembril 2010 sai komisjon nõukogu määruse (EÜ) nr 139/2004 (1) artiklile 4 vastava teatise kavandatava koondumise kohta, mille raames ettevõtjad Finavias S.à r.l („Finavias”, Luksemburg), mille üle ettevõtjal AXA Investment Managers Private Equity SA („AXA Private Equity”, Prantsusmaa) on valitsev mõju ja mis kuulub kontserni AXA group („AXA”, Prantsusmaa), ning Iberpistas, mille üle ettevõtjal Abertis Infraestructuras, SA („Abertis”, Hispaania) on valitsev mõju, omandavad ühiskontrolli ühinemismääruse artikli 3 lõike 1 punkti b tähenduses ettevõtja Autopista Trados M-45 („Trados M-45”, Hispaania) üle aktsiate või osade ostu teel.

| 2. | Asjaomaste ettevõtjate majandustegevus hõlmab järgmist:






  — | Finavias: börsivälise kapitali ja varahaldusega seotud tegevused; |
| --- | --- | --- |

2.

Asjaomaste ettevõtjate majandustegevus hõlmab järgmist:

—

Finavias: börsivälise kapitali ja varahaldusega seotud tegevused;

| — | AXA Private Equity: varahaldusettevõtja, kes investeerib väärtpaberibörsil noteerimata ettevõtetesse või investeerimisfondidesse. Ettevõtja kuulub rahvusvahelisse kontserni AXA, mis tegutseb elu- ja kahjukindlustuse ning nendega seotud finantsteenuste valdkonnas; |
| --- | --- |

—

AXA Private Equity: varahaldusettevõtja, kes investeerib väärtpaberibörsil noteerimata ettevõtetesse või investeerimisfondidesse. Ettevõtja kuulub rahvusvahelisse kontserni AXA, mis tegutseb elu- ja kahjukindlustuse ning nendega seotud finantsteenuste valdkonnas;

| — | Abertis: liikluse ja telekommunikatsiooni infrastruktuurid tegevusaladel nagu tasulised teed, telekommunikatsiooni infrastruktuurid, lennuväljad, autoparklad ja logistika, kaudu; |
| --- | --- |

—

Abertis: liikluse ja telekommunikatsiooni infrastruktuurid tegevusaladel nagu tasulised teed, telekommunikatsiooni infrastruktuurid, lennuväljad, autoparklad ja logistika, kaudu;

| — | Trados M-45: teede kontsessioonide haldamine. |
| --- | --- |

—

Trados M-45: teede kontsessioonide haldamine.

| 3. | Komisjon leiab pärast teatise esialgset läbivaatamist, et tehing, millest teatatakse, võib kuuluda EÜ ühinemismääruse reguleerimisalasse, kuid lõplikku otsust selle kohta ei ole veel tehtud. |
| --- | --- |

3.

Komisjon leiab pärast teatise esialgset läbivaatamist, et tehing, millest teatatakse, võib kuuluda EÜ ühinemismääruse reguleerimisalasse, kuid lõplikku otsust selle kohta ei ole veel tehtud.

| 4. | Komisjon kutsub huvitatud kolmandaid isikuid esitama komisjonile oma võimalikke märkusi kavandatava toimingu kohta.
  Komisjon peab märkused kätte saama hiljemalt kümne päeva jooksul pärast käesoleva dokumendi avaldamist. Märkusi võib saata komisjonile faksi (+32 22964301), elektronposti (COMP-MERGER-REGISTRY@ec.europa.eu) või postiga järgmisel aadressil (lisada viitenumber COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45):





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

4.

Komisjon kutsub huvitatud kolmandaid isikuid esitama komisjonile oma võimalikke märkusi kavandatava toimingu kohta.

Komisjon peab märkused kätte saama hiljemalt kümne päeva jooksul pärast käesoleva dokumendi avaldamist. Märkusi võib saata komisjonile faksi (+32 22964301), elektronposti (COMP-MERGER-REGISTRY@ec.europa.eu) või postiga järgmisel aadressil (lisada viitenumber COMP/M.5974 – Finavias/Abertis/Autopista Trados M-45):

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  ELT L 24, 29.1.2004, lk 1 („EÜ ühinemismäärus”).

---

| 1.10.2010 | ET | Euroopa Liidu Teataja | C 266/12 |
| --- | --- | --- | --- |

1.10.2010

ET

Euroopa Liidu Teataja

C 266/12

---

Eelteatis koondumise kohta

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

Võimalik lihtsustatud korras menetlemine

(EMPs kohaldatav tekst)

2010/C 266/07

| 1. | 22. septembril 2010 sai komisjon nõukogu määruse (EÜ) nr 139/2004 (1) artiklile 4 vastava teatise kavandatava koondumise kohta, mille raames ettevõtjad Apotheek DocMorris N.V. (Madalmaad), mis kuulub kontserni Haniel, ja K-mail Order GmbH & Co KG (Saksamaa) omandavad ühiskontrolli ühinemismääruse artikli 3 lõike 1 punkti b tähenduses ettevõtja Wellsana B.V. (Madalmaad) üle ühisettevõtjana käsitatava uue ettevõtja aktsiate või osade ostu teel. |
| --- | --- |

1.

22. septembril 2010 sai komisjon nõukogu määruse (EÜ) nr 139/2004 (1) artiklile 4 vastava teatise kavandatava koondumise kohta, mille raames ettevõtjad Apotheek DocMorris N.V. (Madalmaad), mis kuulub kontserni Haniel, ja K-mail Order GmbH & Co KG (Saksamaa) omandavad ühiskontrolli ühinemismääruse artikli 3 lõike 1 punkti b tähenduses ettevõtja Wellsana B.V. (Madalmaad) üle ühisettevõtjana käsitatava uue ettevõtja aktsiate või osade ostu teel.

| 2. | Asjaomaste ettevõtjate majandustegevus hõlmab järgmist:






  — | Apotheek DocMorris N.V.: apteekide valikusse kuuluvate toodete jaemüük konkreetse apteegi kaudu; |
| --- | --- | --- |

2.

Asjaomaste ettevõtjate majandustegevus hõlmab järgmist:

—

Apotheek DocMorris N.V.: apteekide valikusse kuuluvate toodete jaemüük konkreetse apteegi kaudu;

| — | K-mail Order GmbH & Co KG: moekaupade, ehete, majapidamistarvete ja tervisetoodete jaemüük. |
| --- | --- |

—

K-mail Order GmbH & Co KG: moekaupade, ehete, majapidamistarvete ja tervisetoodete jaemüük.

| 3. | Komisjon leiab pärast teatise esialgset läbivaatamist, et tehing, millest teatatakse, võib kuuluda EÜ ühinemismääruse reguleerimisalasse, kuid lõplikku otsust selle kohta ei ole veel tehtud. Vastavalt komisjoni teatisele lihtsustatud korra kohta teatavate ettevõtjate koondumiste käsitlemiseks kooskõlas EÜ ühinemismäärusega (2) tuleks märkida, et käesolevat juhtumit on võimalik käsitleda teatises ettenähtud korra kohaselt. |
| --- | --- |

3.

Komisjon leiab pärast teatise esialgset läbivaatamist, et tehing, millest teatatakse, võib kuuluda EÜ ühinemismääruse reguleerimisalasse, kuid lõplikku otsust selle kohta ei ole veel tehtud. Vastavalt komisjoni teatisele lihtsustatud korra kohta teatavate ettevõtjate koondumiste käsitlemiseks kooskõlas EÜ ühinemismäärusega (2) tuleks märkida, et käesolevat juhtumit on võimalik käsitleda teatises ettenähtud korra kohaselt.

| 4. | Komisjon kutsub asjast huvitatud kolmandaid isikuid esitama komisjonile oma võimalikke märkusi kavandatava toimingu kohta.
  Komisjon peab märkused kätte saama hiljemalt kümne päeva jooksul pärast käesoleva dokumendi avaldamist. Märkusi võib saata komisjonile faksi (+32 22964301), elektronposti (COMP-MERGER-REGISTRY@ec.europa.eu) või postiga järgmisel aadressil (lisada viitenumber COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV):





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

4.

Komisjon kutsub asjast huvitatud kolmandaid isikuid esitama komisjonile oma võimalikke märkusi kavandatava toimingu kohta.

Komisjon peab märkused kätte saama hiljemalt kümne päeva jooksul pärast käesoleva dokumendi avaldamist. Märkusi võib saata komisjonile faksi (+32 22964301), elektronposti (COMP-MERGER-REGISTRY@ec.europa.eu) või postiga järgmisel aadressil (lisada viitenumber COMP/M.5994 – Apotheek Docmorris/K-Mail Order/JV):

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  ELT L 24, 29.1.2004, lk 1 („EÜ ühinemismäärus”).

(2)  ELT C 56, 5.3.2005, lk 32 („lihtsustatud korda käsitlev teatis”).

---