Authorisation for State aid pursuant to Articles 107 and 108 of the TFEU — Cases where the Commission raises no objections  Text with EEA relevance
Date: 2012-07-25
Institutions: European Commission
Subjects: Germany, London, Spain, State aid, United Kingdom, aid for restructuring, aid to undertakings, carriage of passengers, company in difficulties, control of State aid, financial services, insurance company, land transport, underground railway








C_2012220EN.01000601.xml










25.7.2012   


EN


Official Journal of the European Union


C 220/6





Authorisation for State aid pursuant to Articles 107 and 108 of the TFEU
Cases where the Commission raises no objections
(Text with EEA relevance)
2012/C 220/02







Date of adoption of the decision


27.6.2012




Reference number of State Aid


SA.34056 (12/N)




Member State


United Kingdom




Region


London


Non-assisted areas




Title (and/or name of the beneficiary)


Cable car for London




Legal basis


Greater London Authority Act 1999 as amended; decision of Transport of London Finance and Policy Committee from Wednesday 30 March 2011




Type of measure


Ad hoc aid


DLRL, subsidiary of TfL




Objective


Sectoral development




Form of aid


Direct grant




Budget








 


Overall budget: GBP 44,50 million










 


Annual budget: GBP 1,24 million








Intensity


48,10 %




Duration (period)


—




Economic sectors


Urban and suburban passenger land transport




Name and address of the granting authority







Transport for London




10th Floor, Windsor Hse




42-50 Victoria Street




London




SW1H 0TL




UNITED KINGDOM








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/competition/elojade/isef/index.cfm







Date of adoption of the decision


27.6.2012




Reference number of State Aid


SA.34820 (12/N)




Member State


Spain




Region


—


—




Title (and/or name of the beneficiary)


Rescue measures in favour of BFA/Bankia — Spain




Legal basis


Real Decreto-ley 9/2009, de 26 de junio, sobre reestructuration bancaria y reforzamiento de los recursos propios de las entidades de crédito. El art. 7 regula los procesos de reestructuracion ordenada de entidades de crédito con intervenion des FROB. Real Decreto-ley 18/2012, de 11 de mayo, sobre saneamiento y venta de los activos inmobiliarios del sector financiero. Acuerdo de la Comisión Rectora del FROB por el que se detallan los criterios y actuaciones a los que ajustará su actuación en los procesos de reforzamiento de los recursos propios de las entidades de crédito previstos en los artículos 9 y 10 del Real Decreto-ley 9/2009, de 26 de junio, sobre reestructuración bancaria y reforzamiento de los recursos propios de las entidades de crédito.




Type of measure


Individual aid


BFA/Bankia




Objective


Remedy for a serious disturbance in the economy, Rescuing firms in difficulty




Form of aid


—




Budget


Overall budget: EUR 23 500 million




Intensity


—




Duration (period)


—




Economic sectors


Financial and insurance activities




Name and address of the granting authority







FROB. Fondo de Reestructuration Ordenada Bancaria




José Ortega y Gasset, 22 5°




28006 Madrid




ESPAÑA








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/competition/elojade/isef/index.cfm







Date of adoption of the decision


29.6.2012




Reference number of State Aid


SA.34897 (12/N)




Member State


Germany




Region


—


—




Title (and/or name of the beneficiary)


Zweites Finanzmarktstabilisierungsgesetz (Verlängerung der Kommissionsgenehmigung SA.34345 vom 5. März 2012)




Legal basis


Zweites Finanzmarktstabilisierungsgesetz (2. FMStG) vom 24.2.2012 (in Kraft seit 1.3.2012)
Finanzmarktstabilisierungsfondsgesetz (FMStFG)
Finanzmarktstabilisierungsfondsverordnung (FMStFV)




Type of measure


Scheme


—




Objective


Remedy for a serious disturbance in the economy, Rescuing firms in difficulty, Restructuring firms in difficulty




Form of aid


Provision of risk capital, Other, Guarantee — Übernahme von Risikopositionen mit Rückübertragung




Budget








 


Overall budget: EUR 480 000 million










 


Annual budget: EUR 480 000 million








Intensity


100 %




Duration (period)


1.7.2012-31.12.2012




Economic sectors


Financial and insurance activities




Name and address of the granting authority







Bundesministerium der Finanzen




Wilhelmstr. 97




10117 Berlin




DEUTSCHLAND








Other information


—




The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:
http://ec.europa.eu/competition/elojade/isef/index.cfm