natgillin/translations-raw huggingface dataset:
Med henvisning til den særlige karakter af PZL Wrocławs produktion (som leverandør af varer og tjenesteydelser til det polske militær, har PZL Wrocław særlig betydning for den nationale sikkerhed) og det høje koncentrationsniveau for luftfartøjsindustrien i hele verden, som følge af hvilket der er et forholdsvis lavt antal potentielle investorer, har de polske myndigheder påpeget, at alle potentielle investorer har haft mulighed for at indhente oplysninger om salget af PZL Wrocław og for at deltage i privatiseringsprocessen.
Taking into account the specific nature PZL Wrocław's production (as a supplier of goods and services for the Polish armed forces, PZL Wrocław is of particular importance to national security) and the fairly high level of concentration of the aviation industry throughout the world, resulting in a relatively low number of potential investors, the Polish authorities have argued that all the potential investors had the opportunity to obtain information on the sale of PZL Wrocław and to take part in this privatisation process.
Ifølge de polske myndigheder havde hele sektoren derfor kendskab til salget.
Therefore, according to the Polish authorities, the whole sector knew about the sale.
Meddelelsen om salget var kun en invitation til forhandlinger og indeholdt ingen specifikke betingelser.
The sale notice was only an invitation to negotiations, and did not contain any specific conditions.
Efter de polske myndigheders intensiverede bestræbelser i anden halvdel af 2008 modtog ARP en første interessetilkendegivelse og senere et købstilbud fra […].
Following the renewed efforts of the Polish authorities, in the second half of 2008, the IDA received a first indication of interest, and later an offer, from […].
I anden halvdel af 2008 modtog ARP også en interessetilkendegivelse vedrørende køb fra virksomheden […].
In the second half of 2008, the IDA received a second indication of interest, this time from […].
Forhandlingerne med […] vedrørende salg af PZL Wrocławs aktier
Negotiations with […] for the sale of PZL Wrocław’s shares
Den 30. september 2008 afgav virksomheden […] et foreløbigt, ikke bindende tilbud om køb af 100 % af aktierne i PZL Wrocław (i det følgende benævnt »tilbuddet af 30. september 2008«) for […].
On 30 September 2008 […] submitted a preliminary non-binding offer for the purchase of 100 % of shares in PZL Wrocław (‘the offer of 30 September 2008’) for an amount of […].
[…] er en investeringsfond, hvis virksomhed er rettet mod markedet for privat egenkapital, og hvis ejer (en privatperson) også er indehaver af 100 % af aktierne i virksomheden […] [26].
[…] is an investment fund which invests in the private equity market and whose owner (a private person) also has a 100 % stake in […] [26].
På grund af finanskrisen faldt PZL Wrocławs indtjening imidlertid med ca. 35 %, og de i tilbuddet krævede værdier blev derfor ikke opnået.
However, as a result of the financial crisis PZL Wrocław's income declined by some 35 %, and the benchmarks laid down in the offer were not achieved.
I første halvdel af 2009 var man i PZL Hydral fuldt ud klar over, at de finansielle resultater ikke ville kunne nå de minimumskrav, der var stillet i tilbuddet fra […].
By the first quarter of 2009 PZL Hydral was already fully aware that the financial result would not meet the minimum threshold laid down in […]'s offer.
Desuden blev nedgangen i antallet af ordrer fra forsvarsministeriet bekræftet i begyndelsen af 2009, hvilket havde store konsekvenser for virksomhedens indtjening dette år.
In addition, the reduction of orders from the Ministry of Defence was confirmed at the beginning of 2009, with significant implications for the company's profitability in that year.
Der har ikke efterfølgende været kontakt med […].
There have been no subsequent contacts with […].
Forhandlinger med selskabet […]om privatisering af PZL Wrocław
Negotiations with […] for the privatisation of PZL Wrocław
[…] indledte virksomheden […], der er blandt verdens største leverandører af teknologisk avancerede produkter til flyindustrien (kommerciel, regional og privat luftfart og militærfly) og af industrielle produkter, og som i 2009 havde en omsætning på […], forhandlinger om køb af aktier i PZL Wrocław i første kvartal af 2009.
[…], a […] company that is among the world's largest suppliers of technologically advanced aviation products (for commercial, regional, corporate and military aircraft) and industrial products, and which had turnover in 2009 of […] commenced talks with a view to purchasing shares in PZL Wrocław in the first quarter of 2009.
ARP påtog sig at sikre, at ingen af PZL Wrocławs aktiver var behæftede med krav fra PZL Hydrals offentlige kreditorer.
The IDA undertook to ensure that all PZL Wrocław's assets were free of any claims on the part of PZL Hydral's public creditors.
I aftalememorandummet forudsattes det, at ARP selv købte 100 % af aktierne i PZL Wrocław og derefter solgte dem til investor.
The memorandum of understanding assumed that the IDA would itself buy 100 % of shares in PZL Wrocław and sell them subsequently to the investor.
Investor forpligtede sig til at gennemføre sin egen detaljerede investeringsplan til en værdi af yderligere […] efter salget.
The investor undertook to carry out its own detailed investment plan worth an additional […] after the sale.
Den 18. december 2009 undertegnede ARP, PZL Hydral og […] en rammeaftale.
On 18 December 2009, the IDA, PZL Hydral and […] signed a framework agreement.
Bilag 2 til aftalen indeholdende reglerne for den delvise konvertering af fordringer til andele i egenkapitalen samt for den delvise eftergivelse og delvise indfrielse af 2007- og 2008-lånene, blev vedtaget den 12. marts 2010.
Annex 2 to the Agreement, which sets out the rules governing the partial debt-for-equity swap, partial cancellation and partial repayment of the 2007 and 2008 loans, was concluded on 12 March 2010.
De polske myndigheder bekræftede, at salget var indgået uden betingelser, især vedrørende opretholdelsen af arbejdspladser.
The Polish authorities confirmed that the sale was not conditional, in particular on jobs being maintained.
De polske myndigheder meddelte også Kommissionen, at investoren frit kunne bestemme, hvilke forretninger virksomheden ville have med forsvarsministeriet.
The Polish authorities also informed the Commission that the investor was free to determine its business dealings with the Ministry of Defence.
Afsnit VI indeholder en detaljeret beskrivelse af forhandlingerne med […].
A detailed description of the negotiations with […] can be found in point VI.
De polske myndigheders juridiske bedømmelse af planen
Legal assessment of the Plan by the Polish authorities
De polske myndigheder tilkendegav, at de overordnede udgifter til omstruktureringen ville beløbe sig til 262,2 mio. PLN fordelt på følgende måde: omstrukturering af offentligretlige forpligtelser for 234 mio. PLN, anden finansiel omstrukturering for 11,5 mio. PLN, investeringer for 11 mio. PLN, omstrukturering af aktiver for 5,6 mio. PLN og omstrukturering af beskæftigelse for 0,3 mio. PLN.
The Polish authorities indicated that the overall costs of restructuring would amount to PLN 262,2 million, broken down as follows: restructuring of public debt in an amount of PLN 234 million, other financial restructuring in an amount of PLN 11,5 million, investments of PLN 11 million, asset restructuring of PLN 5,6 million and employment restructuring of PLN 0,3 million.
De polske myndigheder anfører, at de overordnede udgifter til omstruktureringen ville blive dækket af statsstøtte for 130,5 mio. PLN og et egetbidrag på 132 mio. PLN.
According to the Polish authorities, the overall costs of restructuring PZL Hydral would be funded by state aid of PLN 130,5 million and by an own contribution of PLN 132 million.
I henhold til planen udgør egetbidraget 50,3 % af udgifterne til omstruktureringen.
Under the Plan, the own contribution represents 50,3 % of the restructuring costs.
Egetbidraget omfatter indtægter fra salget af anlægsaktiver og aktier samt midler tilvejebragt af den fremtidige investor i PZL Wrocław.
The own contribution comprises revenue from the sale of fixed assets and shares as well as funds to be provided by the future investor in PZL Wrocław.
Med hensyn til kompenserende modydelser foreslås det i planen, at nogle af produktionsaktiverne sælges; dette blev delvis gennemført mellem 2004 og 2006, hvilket medførte en reduktion af kapaciteten.
As regards compensatory measures, the Plan proposed the sale of some production assets, which was partially implemented between 2004 and 2006, resulting in capacity reduction.
Ifølge planen ville salget af maskiner og udstyr samlet reducere virksomhedens produktionskapacitet med 380000 maskintimer, dvs. med 42 %.
According to the Plan, the sale of machinery and equipment would reduce the company's capacity by 380000 machine hours in total, i.e. by 42 %.
Størstedelen af den planlagte reducering (315000 maskintimer) var allerede gennemført.
The bulk of the planned reduction (315000 machine hours) has already been implemented.
De polske myndigheder anfører, at en tredjedel af denne reduktion ikke var nødvendig med henblik på genoprettelse af rentabiliteten, men skulle reducere produktionen inden for industriel hydraulik, som var et segment med lav indtjening, hvor virksomheden havde besluttet sig til at begrænse sit engagement.
The Polish authorities claimed that one third of this reduction was not necessary to restore viability but was designed to cut production in the field of industrial hydraulics, a low-profit segment in which the company had decided to limit its involvement.
Desuden var det angivet i planen, at den planlagte tilbagetrækning fra visse (angiveligt profitable) aktiviteter og salget af aktiver, der ikke var forbundet med produktionen, skulle betragtes som kompenserende modydelser i henhold til Fællesskabets rammebestemmelser for statsstøtte til redning og omstrukturering af kriseramte virksomheder [27] (i det følgende benævnt »rammebestemmelserne for redning og omstrukturering«).
In addition, the Plan indicated that the planned withdrawal from certain (allegedly profitable) activities and the sale of assets not related to production should be regarded as compensatory measures within the meaning of the Guidelines on state aid for rescuing and restructuring firms in difficulty [27] (‘the rescue and restructuring guidelines’).
Endelig anførte de polske myndigheder også, at privatiseringen af PZL Wrocław, der vil gøre det muligt for virksomhedens konkurrenter at erhverve PZL Hydrals produktionskapacitet, knowhow og markedsandele, også bør betragtes som en kompenserende modydelse.
Lastly, the Polish authorities claimed that the privatisation of PZL Wrocław, which will allow the company's competitors to acquire PZL Hydral's capacity, know-how and market share, should also be regarded as a compensatory measure.
KOMMISSIONENS RESERVATIONER VED INDLEDNINGEN OG UDVIDELSEN AF DEN FORMELLE UNDERSØGELSESPROCEDURE
DOUBTS EXPRESSED BY THE COMMISSION WHEN OPENING AND EXTENDING THE FORMAL INVESTIGATION PROCEDURE
Planen blev anmeldt som et omstruktureringsscenarie i henhold til rammebestemmelserne for redning og omstrukturering.
The Plan was notified as a restructuring scenario under the rescue and restructuring guidelines.
Kommissionen baserede derfor sin foreløbige vurdering på de oplysninger, den rådede over på dette stadie.
The Commission therefore based its preliminary assessment on the information at its disposal at that stage.
På baggrund af disse oplysninger udtrykte Kommissionen tvivl med hensyn til følgende:
On the basis of that information, the Commission voiced the following concerns:
Med hensyn til virksomhedens berettigelse til omstruktureringsstøtte i henhold til rammebestemmelserne for redning og omstrukturering betvivlede Kommissionen, at PZL Hydral ikke i de forløbne ti år havde modtaget nogen støtte til redning eller omstrukturering.
As regards the eligibility of the company for restructuring aid under the rescue and restructuring guidelines, the Commission doubted that PZL Hydral had not benefited from any rescue or restructuring aid in the previous ten years.
Kommissionen betvivlede især, om manglende eller sen fuldbyrdelse af offentligretlige forpligtelser ikke skulle betragtes som statsstøtte.
In particular, the Commission wondered whether the non-enforcement or late enforcement of public liabilities should not be treated as state aid.
Kommissionen påpegede, at i situationer, hvor en offentlig myndighed, der opkræver socialsikringsbidrag, i en længere periode tolererer manglende eller for sen betaling af sådanne bidrag, giver en sådan adfærd utvivlsomt den modtagende virksomhed en fordel ved at reducere den byrde, en normal anvendelse af socialsikringssystemet, ville udgøre for modtageren [28].
The Commission pointed out that, where a public body collecting social security contributions tolerates the non-payment or late payment of such contributions over a long period of time, it undoubtedly gives the recipient an advantage by reducing the burden which the normal application of the social security system represents for the recipient [28].
Kommissionen erkendte, at offentlige kreditorer havde truffet visse fuldbyrdelsesforanstaltninger, men betvivlede, om disse var tilstrækkelige, eller — hvis de blev truffet på et sent tidspunkt — effektive, især i betragtning af den sikkerhed, de offentlige kreditorer havde, og som de kunne gøre brug af.
The Commission, while recognising that the public creditors had taken certain enforcement measures, doubted whether these were sufficient or, if they had been taken at a late stage, effective, especially in respect of the collateral held by the public creditors and which could have been relied on.
På dette stadie af undersøgelsen betvivlede Kommissionen derfor, at de offentlige kreditorer havde handlet, således som private kreditorer ville have handlet under disse omstændigheder.
At this stage of the proceedings, therefore, the Commission doubted that the conduct of the public creditors was in line with the way that private creditors would have behaved in those circumstances.
Kommissionen ytrede også tvivl med hensyn til andre foranstaltninger, som af de polske myndigheder var anmeldt som fri for statsstøtte.
The Commission also expressed doubts with regard to other measures reported by the Polish authorities as free of state aid.
Kommissionen betvivlede, at den delvise indfrielse og den delvise eftergivelse af gæld til det offentlige, som af de polske myndigheder er betegnet som fri for statsstøtte, havde fundet sted efter princippet vedrørende private investorers adfærd.
The Commission doubted whether the partial repayment and partial write-off of public liabilities reported by the Polish authorities as free of state aid, was in line with the private creditor rule.
Kommissionen betvivlede også planens overensstemmelse med det indre marked i lyset af punkt 31 i rammebestemmelserne for redning og omstrukturering.
The Commission also expressed doubts regarding the Plan's compatibility with the internal market in the light of point 31 et seq. of the rescue and restructuring guidelines.
Kommissionen betvivlede, at det foreslåede bidrag var reelt og faktisk, og at planen således var i overensstemmelse med punkt 43-45 i rammebestemmelserne for redning og omstrukturering.
The Commission doubted that the proposed contribution was real and actual and thus that the Plan complied with points 43-45 of the rescue and restructuring guidelines.
Kommissionen betvivlede, at de forventede indtægter fra salget af PZL Wrocław, selv hvis de blev opnået, kunne betragtes som egetbidrag til omstruktureringen.
The Commission doubted whether the planned revenue from the sale of PZL Wrocław, even if achieved, could be regarded as an own contribution to the restructuring.
Kommissionen betvivlede også, at planen rent faktisk ville kunne sikre den langsigtede rentabilitet, der kræves i henhold til punkt 34-37 i rammebestemmelserne for redning og omstrukturering.
The Commission also expressed doubts that the Plan would ensure long-term viability as required under points 34-37 of the rescue and restructuring guidelines.
Kommissionen påpegede, at den planlagte omstrukturering var koncentreret omkring finansiel omstrukturering, dvs. at ca. 90 % af alle omstruktureringsomkostninger var øremærket til indfrielse af gæld til det offentlige.
The Commission observed that the planned restructuring concentrated on financial restructuring, i.e. circa 90 % of all restructuring costs had been earmarked for the repayment of public debt arrears.
I konsekvens heraf var de resterende omstruktureringsforanstaltninger af temmelig begrænset karakter.
Consequently, the remaining restructuring measures were rather limited.
Kommissionen bemærkede som nævnt også, at den på det tidspunkt, hvor den traf sin beslutning om indledning af undersøgelsesproceduren, ikke havde set nogen beviser for potentielle investorers interesse for virksomheden.
The Commission also noted that, as already explained, at the time when the opening decision was adopted, it had not been informed of any interest on the part of potential investors.
Polen tilkendegav også, at yderligere omstrukturering kunne blive nødvendig efter privatiseringen, hvilket rejste yderligere tvivl om planens rentabilitet.
Poland also indicated that further restructuring measures might be necessary after the company was privatised, which raised additional doubts as to the Plan's viability.
Kommissionen tilkendegav også, at den havde behov for yderligere præcisering med hensyn til de foreslåede kompenserende modydelsers overensstemmelse med punk 38-42 i rammebestemmelserne for redning og omstrukturering.
The Commission also stated that it needed further clarifications as regards the compatibility of the proposed compensatory measures with points 38-42 of the rescue and restructuring guidelines.
I henhold til de oplysninger, de polske myndigheder afgav i forbindelse med anmeldelsen, skulle mindst en tredjedel af den planlagte reduktion i produktionskapaciteten omfatte det lidet rentable segment for industriel hydraulik.
The Polish authorities argued in the notification that at least one third of the capacity reduction was designed to cut capacity in the low-profit industrial hydraulics segment.
P baggrund af de tilgængelige oplysninger betvivlede Kommissionen, at reduktionen i produktionskapaciteten — både den gennemførte reduktion og den af virksomheden planlagte — var tilstrækkelig.
On the basis of the information at its disposal, the Commission doubted that the reduction in production capacity implemented or planned by the company was sufficient.
Kommissionen bemærkede også, at i det mindste nogle af de foreslåede foranstaltninger forekom nødvendige med henblik opnåelse af langsigtet rentabilitet.
The Commission also noted that at least some of the proposed measures appeared to be necessary in order to achieve long-term viability.
Især fandt Kommissionen, at det tidligere salg af visse produktionsaktiver tilsyneladende specifikt havde til formål at genoprette virksomhedens rentabilitet.
In particular, the Commission pointed out that the sale of some production assets in the past seemed to have been specifically designed to restore viability.
I lighed hermed var det planlagte salg af ejendomme snarere en finansieringskilde end en modydelse til kompensering for konkurrenceforvridning.
Similarly, the planned sale of real estate would serve as a source of financing rather than as compensation for a distortion of competition.
DE POLSKE MYNDIGHEDERS KOMMENNTARER TIL IVÆRKSÆTTELSEN AF DEN FORMELLE UNDERSØGELSESPROCEDURE
COMMENTS OF POLAND ON THE OPENING OF THE FORMAL INVESTIGATION PROCEDURE
De polske myndigheder fremsatte deres kommentarer til beslutningen om at indlede den formelle undersøgelsesprocedure, herunder vedrørende muligheden for at bedømme, om princippet vedrørende private investorers adfærd havde været anvendt i forbindelse med det anmeldte scenarie, dvs. i forbindelse med kapitaltilførslerne.
The Polish authorities submitted their comments on the opening decision with regard to the possibility of applying the private creditor test in the reported scenario, i.e. in conjunction with capital injections.
De polske myndigheder understregede, at de foreslåede eftergivelser var i overensstemmelse med princippet vedrørende private investorers adfærd, idet de offentlige kreditorer ville opnå mere ved et salg af PZL Hydral end ved, at virksomheden gik konkurs.
The Polish authorities stated that the proposed write-offs were in line with the private creditor rule in view of the fact that the public creditors would obtain more in the event of PZL Hydral's assets being sold than in the event of the company going bankrupt.
De polske myndigheder hævdede også, at dette synspunkt var baseret på økonomiske og finansielle analyser, og at det deltes af de involverede offentlige kreditorer.
The Polish authorities also stated that this viewpoint was based on economic and financial analysis and was shared by the public creditors concerned.
De polske myndigheder hævdede, at de to kapitaltilførsler, PZL Hydral skulle tildeles af ARP, og som ifølge anmeldelsen skulle afsættes til betaling af offentlige kreditorer, ikke udelukkede, at princippet om private investorers adfærd var blevet anvendt.
The Polish authorities claimed that the two capital injections to be granted by the IDA to PZL Hydral and which, according to the notification, were to be earmarked for the repayment of public creditors, did not preclude applying the private creditor rule.
Desuden hævdede de polske myndigheder, at PZL Wrocławs markedsværdi var tæt forbundet med virksomhedens besiddelse af luftfartøjscertifikater og koncessioner til handel med våben og dets særligt erfarne og kompetente personale.
In addition, the Polish authorities claimed that the market value of PZL Wrocław was closely linked to its ownership of aviation certificates and arms-trading permits and its uniquely experienced and qualified workforce.
I tilfælde af virksomhedens konkurs ville det være umuligt at genoprette denne organisation i et omfang, der var muligt at acceptere for luftfartstilsynsmyndighederne.
In the event of bankruptcy, it would be impossible to restore this organisation to an extent acceptable to the aviation supervision services.
Egetbidraget blev af de polske myndigheder vurderet til 130 mio. PLN, hvilket ville udgøre 50 % af omstruktureringsomkostningerne, selv hvis den manglende fuldbyrdelse af offentligretlige forpligtelser blev behandlet som statsstøtte.
The Polish authorities valued the own contribution at PLN 130 million, which would amount to 50 % of the restructuring costs even if non-enforcement of public debts were to be treated as state aid.
De polske myndigheder understregede desuden, at salget af aktiverne var i gang, og at derfor alle de af planen omfattede aktiver ville blive afhændet i forbindelse med omstrukturering.
Moreover, the Polish authorities noted that the sale of assets was under way, and so all the assets provided for in the Plan would be disposed of within the framework of restructuring.
Med hensyn til den langsigtede rentabilitet i forbindelse med planen bekræftede de polske myndigheder, at målene for omstruktureringen blev behørigt nået.
As regards the long-term viability of the Plan, the Polish authorities affirmed that the objectives of the restructuring were being implemented properly.
Især havde koncentreringen af produktionen i den østlige del af PZL Hydrals fabrik medført en reducering af de faste omkostninger, forbedringer af driften og yderligere indtjening fra udlejning af frigjorte arealer.
In particular, the process of concentrating production in the eastern part of PZL Hydral's site had yielded a reduction in fixed costs, operational improvements in production and additional revenue from renting out the space freed up.
Desuden blev produktion og salg (omfattende 570 medarbejdere) overflyttet til PZL Wrocław, hvilket på dette tidspunkt var rentabelt (data for de første ti måneder af 2008).
Moreover, production and sales (including 570 employees) had been relocated to PZL Wrocław, which was economically viable at that time (data for the first ten months of 2008).