ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(81)787
Vol.1981/0222

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(81)787 final
Brussels,14December 1981
FOROFFICIALUSEONLY
Communication fromtheCommission totheCouncil
Requestforassent,pursuanttoArticle562a)oftheECSCTreaty,
togranting aglobaltoFinlombarda S.p.a.,Milan,(Italy)
C0MC81)787final

INTERNAL DOCUMENT
communication totheCouncil
Subject;Requestforassent,pursuanttoArticle562a)ofthe
ECSCTreaty,tograntingaglobaltoFinlombardaS.p.a.,
Milan,(Italy).
No.336
I.FINANCIAL INTERMEDIARY
Applicant
RegisteredOffice
Parentcompanyof
applicantFinlombarda S.p.a.
Milan
Finlombarda
II.RECIPIENTS
Fieldofactivity
ofrecipientsSmallandmedium-sized industrial andartisan .firmsin
theProvinceofComoandtheLeccoregion.
Industrial,artisanorserviceactivities
III.THEPROJECT
Procedure :TheCommissionwillmakeLit.15,000millionavailableto
Finlombardatohelpcreate800jobs.Theloanwillbepaidintranches,
assub-loansare.approved.Decisionstoapproveindividualsub-loans
willbetakenbytheCommission'sdepartments onthebasisofthe
applicationcriteriaandobjectivespublishedbytheCommission (O.J.
No.C82/8of29March,1979).
Therateofinterestchargeable oneachpaymentwillbeapplied,with
rebate,tothesub-loans.Thegloballoan,tobepaidoverthreeyears,
willhelptofinancesmallandmedium-sized industrial andartisanfirms
inLombardy,particularly theComoandLeccoregions.
FinlombardawillreporttotheCommissionannuallyontheusemadeof
thegloballoan.Eachyearitwillalsodrawupareportonthere­
employmentofformerECSCworkersinthefirmsfinancedfromtheglobal
loan.
Totalamountofinvestment :Lit.30,000million(about23.88MioECU)
'..J..::-,.k.»cdelaLoi200,D-i040 I'.u|,I.(;!/f,i).It!-i,-lcgropl.ir .add.*;."(Of/t.')i;:f'.r
Tri../.-rOMi: i>*

-2-
IV.THEREGION
Projectlocation
Unemployment rate
National aidstatus
ofproject areaProvince ofComoandtheLeccoregion.
FromJune1975to1981,1,400jobswerelostin
theregionbecauseofthedeclineofemployment
inthecoalandsteelindustries .Another 350
jobswillbelostasaresultofthecurrent
restructuring programme .
Lombardy 4.4%
Development area
Thecoalandsteelindustry hasbeenamainsourceofemployment
inthearea.
£2–––––=1––––I––––I–––––––––––––––I––––––I–––I–
ECSCredundancies in
theproiect area
Jobscreated bythe
project1,750
800
Training Whereappropriate ,bylocalentities andthe
recipients of.theloan.
TheCommission considers thattheapplication complies withArticle 562a)
oftheECSCTreaty.
VI.GLOBAL LOAN
Loanrequested
■Loangranted
Interest rebatefor
whichtheproject
qualifies
Jobbasisofinterest
rebateLit.15,000million
TheCommission ^hasapproved aloanofLit.15,000million
(about11.^4MioECU)orequivalent totheabove
mentioned company,inaccordance withArticle 56
application criteria (O.J.No.C82/8of29March,1979).
3percentage pointsperyearforfiveyears
on11.94MioECU.
600jobssuitable forformercoalandsteelworkers,
whoaretobegivenpriority ofemployment .
VII.COUNCIL ASSENT
TheCommission invitestheCounciltogiveitsassenttotheforegoing
decision .