CELEX: 62005TA0455
Language: en
Date: 2008-12-18 00:00:00
Title: Case T-455/05: Judgment of the Court of First Instance of 18 December 2008 — Componenta v Commission (State aid — Metallurgy sector — Acquisition of a shareholding held by an undertaking in a property company and repayment of a loan by that undertaking to the property company in consideration for an investment in that undertaking — Decision declaring the aid incompatible with the common market and ordering its recovery — Private investor test — Valuation of the shares in a property company — Valuation of the real property assets of a company — Duty to state the reasons for the decision — Finding of the Court of its own motion)

21.2.2009   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 44/42
            
         Judgment of the Court of First Instance of 18 December 2008 — Componenta v Commission
   (Case T-455/05) (1)
   
   (State aid - Metallurgy sector - Acquisition of a shareholding held by an undertaking in a property company and repayment of a loan by that undertaking to the property company in consideration for an investment in that undertaking - Decision declaring the aid incompatible with the common market and ordering its recovery - Private investor test - Valuation of the shares in a property company - Valuation of the real property assets of a company - Duty to state the reasons for the decision - Finding of the Court of its own motion)
   (2009/C 44/71)
   Language of the case: Finnish
   Parties
   
      Applicant: Componenta Oyj (Helsinki, Finland) (represented by: M. Savola and A. Järvinen, lawyers)
   
      Defendant: Commission of the European Communities (represented by: C. Giolito and M. Huttunen, Agents)
   
      Intervener in support of the applicant: Republic of Finland (represented by: E. Bygglin, A. Guimaraes-Purokoski and J. Heliskoski, Agents)
   Re:
   Application for annulment of Commission Decision 2006/900/EC of 20 October 2005 on the State Aid implemented by Finland for investment aid to Componenta Corporation (OJ 2006 L 353, p. 36)
   Operative part of the judgment
   The Court:
   
               1.
            
            
               Annuls Commission Decision 2006/900/EC of 20 October 2005 on the State Aid implemented by Finland for investment aid to Componenta Corporation;
            
         
               2.
            
            
               Orders the Commission to bear its own costs and pay Componenta's costs;
            
         
               3.
            
            
               Orders the Republic of Finland to bear its own costs.
            
         
      (1)  OJ C 48, 25.2.2006.