natgillin/translations-raw huggingface dataset:
Kommissionen har derfor besluttet at erklære fusionen forenelig med fællesmarkedet og EØS-aftalen, jf. fusionsforordningens artikel 2, stk. 2, og artikel 8, stk. 2, og EØS-aftalens artikel 57.
The Commission has therefore decided to declare the concentration compatible with the common market and the EEA Agreement in accordance with Articles 2(2) and 8(2) of the Merger Regulation and Article 57 of the EEA Agreement.
DET RÅDGIVENDE UDVALG
ADVISORY COMMITTEE
Det Rådgivende Udvalg for Kontrol med Fusioner og Virksomhedsovertagelser gav på sit 133. møde den 29. juni 2005 enstemmigt sit samtykke til Kommissionens udkast til beslutning om at godkende fusionen på visse betingelser på grundlag af de tilsagn, parterne har afgivet.
At its 133rd meeting on 29 June 2005 the Advisory Committee on Concentrations gave its unanimous support to the Commission's draft decision to clear the concentration subject to conditions and obligations based on the commitments given by the parties.
I overensstemmelse med fusionsforordningens artikel 19, stk. 7, offentliggør Kommissionen det rådgivende udvalgs udtalelse sammen med beslutningen under hensyn til virksomhedernes berettigede interesse i at beskytte deres forretningshemmeligheder.
Pursuant to Article 19(7) of the Merger Regulation, the Commission is making public the opinion of the Advisory Committee together with the Decision, having regard to the legitimate interest of the undertakings in the protection of their business secrets.
I det foreliggende tilfælde indeholder det rådgivende udvalgs udtalelse ingen forretningshemmeligheder.
In the present case the Advisory Committee's opinion does not contain any business secrets.
Dele af denne tekst er udeladt for at sikre, at der ikke offentliggøres fortrolige oplysninger; disse dele er angivet med kantet parentes og en asterisk.
Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
Voith Siemens er det joint venture-selskab, hvormed Siemens er aktiv på vandkraftområdet.
Voith Siemens is the joint venture through which Siemens is active in hydroelectric power.
Ikke-kontrollerende andel på 40 %; 60 % i 2004 solgt til Southern States LLC (USA).
40 % non-controlling shareholding; 60 % sold in 2004 to Southern States LLC (United States)
IV/M.1450 — SMS/Mannesmann Demag.
IV/M. 1450 — SMS/Mannesmann Demag.
Parternes aktiviteter på dette område vedrører hovedsagelig bygning af boliger, kontorer, koncertsale, museer, sygehuse og tunneller.
The parties’ activities in this area relate as a rule to non-industrial building installations (residential and office buildings and such structures as concert halls, museums, hospitals and tunnels).
Den 10. december 2004 afgav Siemens et offentligt overtagelsestilbud på VA Tech for at forhøje sin aktuelle aktiepost fra 16,45 % til mindst 50 % plus én aktie […].
On 10 December 2004, Siemens launched a public bid for VA Tech aimed at raising its current 16,45 % shareholding to at least 50 % plus one share. […].
[30-40] [1] % I alt 50 % Alstom
VA Tech
GE Hydro
[20-30] [1] % GE Hydro
Siemens tilbud havde et omfang på over […] [1] Dele af denne tekst er udeladt for at sikre, at der ikke offentliggøres fortrolige oplysninger; disse dele er angivet med kantet parentes og en asterisk.
tenders submitted by Siemens are larger than EUR[…] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
EUR).
in size), and products are highly customised and significantly differentiated.
Areva 30, ABB 28
[30-40] [3] [0-10] [3] [40-50] [3] Areva 30, ABB 28
De ikke-integrerede virksomheder udelukkes ikke fra markedet af følgende grunde.
The non-integrated companies will not be foreclosed for the following reasons.
For det første vil der til enhver tid være en uafhængig udbyder af elektriske fremdriftssystemer til sporvogne (Kiepe) og metrotog (Mitsubishi).
First, at least one independent supplier of electrical traction for trams (Kiepe) and metros (Mitsubishi) will remain available.
I Østrig vil Siemens og VA Tech have en fælles markedsandel på [40-50] [1] Dele af denne tekst er udeladt for at sikre, at der ikke offentliggøres fortrolige oplysninger; disse dele er angivet med kantet parentes og en asterisk.
Siemens and VA Tech would have a combined market share of [40-50] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
% af det samlede marked.
% in the overall market in Austria.
Betydningen af referencelisterne i de indkomne svar viser, at de fleste kunder forlanger, at deres leverandører har relevante erfaringer inden for metallurgiområdet […] [1] Dele af denne tekst er udeladt for at sikre, at der ikke offentliggøres fortrolige oplysninger; disse dele er angivet med kantet parentes og en asterisk.
The importance of reference lists in the replies received in the context of the market investigation leads to the conclusion that most customers demand relevant experience from suppliers in the area of metallurgy. […] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
Siemens anser udførelse af serviceydelser for metallurgianlæg for at være et særskilt marked.
Siemens takes the view that there is a specific market for the provision of services to metallurgy plants. The Commission's market investigation tends to confirm this view.
Siemens opgiver VA Techs markedsandel til under [10-15] [1] Dele af denne tekst er udeladt for at sikre, at der ikke offentliggøres fortrolige oplysninger; disse dele er angivet med kantet parentes og en asterisk.
Siemens estimates VA Tech’s market share at [10-15] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
% på alle de mulige delmarkeder.
in all possible submarkets.
De øvrige markedsdeltagere angav dog betydeligt højere markedsandele for VA Tech på de mulige produktmarkeder for maskiner.
By contrast, market participants argued for considerably higher market shares for VA Tech in possible product markets in mechanical plant building.
Inden for metallurgianlæg blev VA Techs markedsandele på verdensmarkedet og EØS-markedet ansat på nogenlunde samme niveau som den tidligere eneste markedsleders, SMS-Demag (i det følgende SMS), efterfulgt af Danieli på tredjepladsen, som er den eneste anden aktive totalleverandør på EØS-markedet.
The worldwide and EEA market shares of VA Tech in the metallurgical plant building market were seen as being close to those of the previous sole market leader SMS-Demag (hereinafter called ‘SMS’), followed by the third and only other full line supplier active in the EEA, Danieli.
Ud over den nuværende interesse på 28 % i SMS får Siemens desuden kontrol over VA Tech.
It would give Siemens control of VA Tech in addition to its existing 28 % holding in SMS.
I betragtning af sagens særlige omstændigheder (se nedenstående punkt: tidligere udøvelse af salgsoption; normalt skal aktieværdien fastsættes pr. 31.12.2004.) kan det ikke antages med sikkerhed, at interessen på 28 % i SMS (og den andel i SMS' driftsresultat, som det normalt medfører) vil tilskynde Siemens/VA Tech til at konkurrere mindre ihærdigt med SMS.
In view of the special circumstances of the case (see following paragraph: prior exercise of the put option; it is common ground that the value of the share is to be determined as of 31 December 2004), it cannot be assumed with sufficient certainty that Siemens's 28 % share interest in SMS (and the financial participation in SMS's business success that this would normally entail) will induce Siemens/VA Tech to compete less strongly with SMS.
En vis efterspørgselsstyrke skyldes helt sikkert en højt koncentreret efterspørgselsside, hvilket vil kunne fremme nye udbyderes adgang til markedet.
A certain degree of buyer power can definitely be ascribed to the highly concentrated demand side and this may promote the entry of new suppliers from these groups.
I denne forbindelse nævnes først og fremmest SMS.
Mention can be made above all of SMS in this connection.
om Finlands statsstøtte i form af en investeringsstøtte til fordel for Componenta Oyj
on the State Aid implemented by Finland for investment aid to Componenta Corporation
(meddelt under nummer K(2005) 3871)
(notified under document number C(2005) 3871)
(Kun den finske og svenske udgave er autentiske)
(Only the Finnish and Swedish versions are authentic)
Ved sit brev af 10. marts 2004 meddelte Metalls Verkstadsklubb hos Componenta Alvesta AB i Sverige Kommissionen, at byen Karkkila havde afsluttet en handel med Componenta Oyj i Karkkila, og at man mistænkte den for at indebære statsstøtte.
By letter dated 10 March 2004 from Metalls Verkstadsklubb vid Componenta Alvesta AB, Sweden, the Commission was informed that the City of Karkkila had made a financial transaction with Componenta Corporation Oyj in Karkkila, Finland which it suspected contained state aid.
På grundlag af disse oplysninger bad Kommissionen Finland forklare sagen.
Based on this information the Commission requested clarifications from Finland.
Finland sendte med sit brev af 22. juni 2004 Kommissionen de ønskede oplysninger.
By letter dated 22 June 2004 Finland provided the Commission with the information requested.
Kommissionen meddelte i sit brev af 19. november 2004 Finland, at den havde besluttet at indlede proceduren i EF-traktatens artikel 88, stk. 2, over for den formodede støtte.
By letter dated 19 November 2004 the Commission informed Finland that it had decided to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the suspected aid.
Støtten og støttemodtagerne
The aid and the beneficiaries
Componenta Oyj, i det følgende benævnt »Componenta«, er en international metalindustrivirksomhed, som har hovedsæde i Karkkila.
Componenta Corporation Oyj (hereinafter called Componenta) is a metal sector company with international operations, based in Karkkila, Finland.
Den har produktionsanlæg i Finland, Nederlandene og Sverige.
It has production plants in Finland, the Netherlands and Sweden.
Hovedparten af virksomhedens omsætning på 316 mio. EUR i 2004 kom fra de nordiske lande og Mellemeuropa.
Most of the company's net sales in 2004 of EUR 316 million came from the Nordic countries and Central Europe.
Koncernen har ca. 2200 ansatte.
The Group employs around 2200 people.
Den formodede støtte blev tildelt Componenta i december 2003 og bestod af to foranstaltninger.
The suspected aid was provided to Componenta in December 2003 and consisted of two operations.
På den ene side fik Componenta støtte ved en handel, hvor byen Karkkila, idet følgende benævnt »Karkkila«, købte 50 % af aktierne i et ejendomshandlerfirma ved navn Karkkilan Keskustakiinteistöt Oy, i det følgende benævnt »KK«. Karkkila og Componenta ejede hver halvdelen af KK.
In one case it was provided through the purchase by the city of Karkkila (hereinafter called Karkkila) of 50 % of the shares in the real estate company Karkkilan Keskustakiinteistöt Oy (hereinafter called KK), which was jointly owned (50/50) by Karkkila and Componenta.
På den anden side gav Karkkila KK et rentefrit lån, hvormed KK tilbagebetalte et lån af samme størrelse, som Componenta havde givet det i 1996.
In the other case Karkkila granted KK an interest-free loan, which was used by KK to reimburse a loan of the same amount that it had been granted by Componenta in 1996.
Den samlede transaktionsudgift var på 2383276,50 EUR (713092,50 EUR for aktierne og 1670184 EUR i form af tilbagebetaling af lånet).
The total sum of the deal was EUR 2383276,5 (EUR 713092,5 for the shares and EUR 1670184 in the form of the loan repayment).
Prisen for aktierne byggede på virksomhedens anslåede nettoværdi (aktiver minus passiver), som blev delt i to, da Componenta ejede 50 % af KK.
The price for the shares was based on the estimated net value of the company (assets minus liabilities) and by dividing this amount by 2, since Componenta owned 50 % of KK.
Da KK's nettoværdi blev beregnet til 1495918 EUR, blev værdien af 50 % af aktierne således 747958 EUR. Aktiernes pris blev sat en smule lavere, nemlig til 713092,50 EUR.
Since the net value of KK was calculated as EUR 1495918, the value of the 50 % shares was EUR 747958. The price for the shares was set somewhat lower at EUR 713092,5.
I handelsaftalen mellem Karkkila (køberen) og Componenta (sælgeren) indgik desuden følgende erklæring:
The sales agreement between Karkkila (Buyer) and Componenta (Seller) furthermore stated the following:
»Sælgeren forpligter sig til at foretage den i bilag 1 nærmere beskrevne udvidelsesinvestering i Karkkila by for at forøge Componenta Karkkila Oy's produktion.
‘The Seller agrees to invest in the extension of Componenta Karkkila Oy’s production facilities in the territory of the City of Karkkila as specified in Appendix 1 of this contract.
Investeringen anslås at skabe 50-70 nye, direkte fuldtidsarbejdspladser i Karkkila i 2004 (i 2003 var der ca. 130 arbejdspladser).
It is estimated that the investment will create 50–70 new full-time jobs in Karkkila in 2004 (the average number of Componenta employees in Karkkila in 2003 was 130).
Hvis den i skødet nævnte sælgers investeringsudvidelse ikke foretages i løbet af 2004 på den i forrige stykke nævnte måde, kan køberen, hvis han ønsker det, annullere handelen«.
If the extension of the Seller’s facilities is not commenced in 2004 as specified in the above paragraph, the Buyer has the right to cancel the transaction at its own discretion.’
I handelsaftalens bilag 1 bekræftes det, at Componenta vil sammenlægge aktiviteterne på koncernens to støberier (støberiet i Alvesta i Sverige og støberiet i Karkkila), at disse to enheder, hvis udnyttelsesgrad er lav, vil blive slået sammen, at der skal foretages analyser, for at støberiets anbringelsessted kan afgøres, og forhandlinger mellem arbejdsgiverne og arbejdstagerne om lukning af støberiet i Alvesta eller Karkkila kan indledes, og at det nye støberi og maskinernes overflytning fra det andet støberi må planlægges i enkeltheder.
Annex 1 of the sales agreement stated that Componenta will merge the operations of two of the Group’s foundries (the Alvesta foundry in Sweden and the Karkkila foundry); that the two units that operate at a low utilisation rate will be merged; that analyses were required for making the decision on the location of the foundry and commencement of employer–employee negotiations as regards the decision on the closing of the Alvesta or the Karkkila foundry and that detailed planning of the new foundry, including the transfer of machinery from the other foundry, was necessary.
Det er således klart, at beslutningen var forbundet med en flytning af produktionsanlægget fra det ene sted til det andet.
It is, therefore, clear that the decision was linked to the moving of the production facilities from one of the two locations to the other.
Ifølge Componentas årsberetning for 2004 blev støberiet i Alvesta i Sverige lukket i maj 2004, og dets produktion og maskiner flyttet til Karkkila.
According to information in Componenta’s annual report 2004, its foundry in Alvesta, Sweden, was closed down in May 2004 with the key production and machinery thereafter moved to Karkkila, Finland.
Ifølge oplysninger fra virksomheden beløb udgifterne ved indstilling af produktionen i Sverige og til investeringer i Finland sig til i alt 13 mio. EUR.
According to the information from the company the total cost of closing production in Sweden and investing in Finland amounted to EUR 13 million.
Ifølge Finland skete handelen mellem Componenta og Karkkila på markedsvilkår og indebar ikke nogen støtte.
Finland argued that the transaction between Componenta and Karkkila was market-based and that no aid was involved.
I sin beslutning om at indlede den formelle undersøgelsesprocedure var Kommissionen imidlertid i tvivl om, hvorvidt handelen mellem Karkkila og Componenta var sket på markedsvilkår.
In its decision to initiate the formal procedure the Commission, however, expressed doubts that the transaction between Karkkila and Componenta was market-based.
Den hævdede, at der, hvis købsprisen var højere end aktiernes markedsværdi, kunne være tale om støtte til Componenta.
It stated that if the purchase price was above the market value of the shares, this would constitute aid to Componenta.
Støttens størrelse ville være forskellen mellem den pris på 2,4 mio. EUR, Karkkila havde betalt Componenta, og den pris, en privat investor ville være villig til at betale for aktierne.
The aid amount would be the difference between the price a private investor would be willing to pay for the shares and the EUR 2,4 million transferred from Karkkila to Componenta.
Ifølge Kommissionen var betingelserne i den før nævnte handelsaftale desuden et klart tegn på, at handelen ikke var foregået på markedsvilkår, men at den var en kompensation til Componenta for de nye investeringer i Karkkila i forbindelse med lukningen af støberiet i Alvesta.
The Commission furthermore considered that the clauses of the sales agreement referred to above provided a strong indication that the transaction was not market-based, and that it was instead intended as a form of compensation for Componenta’s new investments in the territory of Karkkila, which were linked to the closure of the Alvesta foundry.
Efter at have købt Componentas aktier i KK besluttede Karkkila at nedlægge KK og lægge jordarealerne ind under byen.
After taking over Componenta’s shares in KK, Karkkila decided to liquidate KK and transfer the land to the city.
FINLAND BEMÆRKNINGER
COMMENTS FROM FINLAND
Da KK's eneste betydelige aktiv var dets jordejendom, har Finland forklaret nærmere, hvordan KK's jordarealer blev vurderet, da aktiernes pris blev fastsat.
Since the only significant asset of KK was its land, Finland has specified in more detail how the land owned by KK was valued when setting the price of the shares.
Byggegrunde til parcelhuse og til etage- og rækkehuse blev vurderet på grundlag af salg af jordarealer, som byen selv ejer.
For land to be used for private homes and apartment buildings the value was based on the land sales criteria used by the city itself when selling land.
Ifølge Finland svarede vurderingen til markedsprisen eller lå under den.
According to Finland this was equal to or below the market price.
Finland forelagde desuden en kopi af et brev fra et registreret ejendomsmæglerfirma, hvoraf det fremgår, at markedsprisen pr. m2 for de forskellige typer jordareal var lidt højere end prisen i den handel, der skal vurderes.
Finland also provided a copy of a letter from a certified real estate agent stating that the market value per square metre of the different land types was slightly above the price used in the transaction in question.
Om det store jordareal i Karkkilas centrum, som kaldes Asemansuo, hævder Finland, at købsprisen blev beregnet på grundlag af den godkendte mindste bebyggelsesgrad i byplanlægningen. Det har imidlertid ikke givet oplysninger om, hvordan kvadratmeterprisen blev fastsat.
As regards a large area of land situated in the centre of Karkkila called Asemansuo, Finland claims that the purchase price was calculated on the basis of the lower limit of permitted building area specified in the city plan, but no information was provided on which base the amount in euro per square metre was fixed.
Endelig svarer den anslåede værdi på 456000 EUR for den jord, som er bestemt til parkarealer, ifølge ejendomsmægleren til markedsværdien.
Finally, as regards the value of land designated for parks, a valuation of EUR 456000 was considered by the real estate agent to be the market value.
Kommissionen bad Finland vurdere markedsværdien af KK's jordarealer på handelens afslutningstidspunkt.
The Commission requested Finland to make a market valuation of all the land owned by KK at the time of the sales agreement.
Finland svarede, at dette ikke var nødvendigt, da Karkkila og Componenta havde bedt en ejendomsmægler om at vurdere værdien af nogle jordarealer, som svarede til dem, handelen gjaldt, således at markedsvurderingen allerede var foretaget.
Finland replied that this was not needed, since Karkkila and Componenta had used a real estate agent to estimate the unit value of land similar to the land involved in the transaction and that a market evaluation had therefore already been done.
Finland bestrider Kommissionens påstand om, at den betingelse i handelsaftalen, som går ud på, at Karkkila kun køber Componentas aktier i KK under den forudsætning, at Componenta investerer i et nyt produktionsanlæg (ved at flytte støberiet i Alvesta i Sverige til Karkkila), tyder på, at handelen ikke er sket på markedsvilkår.
As regards the condition in the sales agreement stipulating that Karkkila would buy the shares in KK from Componenta only if Componenta invested in new production facilities (thereby moving its foundry from Alvesta, Sweden to Karkkila), Finland denies allegations by the Commission that this clause is a sign that the transaction was not market-based.
Finland begrunder denne klausul med, at en udvidelse af Componentas virksomhed i Karkkila ville være til byens fordel, da den ville øge byens indtægter.
It justifies the clause by the fact that if Componenta’s activity were increased in Karkkila this would be favourable for the city, boosting its revenue.
Den ville også øge efterspørgslen på fast ejendom og dermed forhøje værdien af KK's jordarealer.
It would also increase the demand for real estate, thereby raising the value of the land owned by KK.
Ellers havde Karkkila ikke haft »behov« for at indgå handelen.
Otherwise, Karkkila would not ‘need’ to conclude the transaction.
Finland svarede Kommissionen, at Componenta ikke havde prøvet at finde en anden køber til aktierne, fordi Karkkila havde forkøbsret til aktierne til markedspris, hvis Componenta ønskede at sælge sine KK-aktier.
Asked by the Commission whether Componenta had tried to find another buyer for the shares, Finland replied that it had not, since Karkkila had the right of first refusal to redeem the shares at the market price in the event of Componenta wanting to sell its shares in KK.
Hvad lånet angår, bekræfter Finland, at tilbagebetalingen af Componentas aktionærlån ved, at Karkkila bevilgede KK nye midler, var en fast bestanddel i handelsaftalen mellem Karkkila og Componenta, og at »den samlede købspris« bestod af den betalte pris for aktierne og lånets tilbagebetaling.
Finally, as regards the loan transaction, Finland confirms that the repayment of Componenta’s shareholder loan by new funds from Karkkila to KK was an integral part of the share transaction between Karkkila and Componenta and that the ‘total purchase price’ consisted of the payment for the shares and the repayment of the loan.
I denne forbindelse hævder Finland, at lånet blev bevilget på markedsvilkår, idet det samlede beløb på 2,37 mio. EUR, Componenta havde modtaget som betaling for aktierne og i form af lån, var mindre end halvdelen af KK's markedsværdi.
In this respect, Finland argues that the loan transaction too was market-based, since the total amount provided to Componenta for the shares and the loan, EUR 2,37 million, was less than the market value of half of KK.
Finland hævder desuden, at KK's økonomiske situation havde forbedret sig siden 1996, hvor Componenta gav KK lånet.
Furthermore, Finland argues that KK’s financial situation had improved since 1996 when the loan was granted to KK by Componenta.
Bestemmelse af støtten
Definition of aid