natgillin/translations-raw huggingface dataset:
Foranstaltning 13
At the same time, bidders who fulfilled the tender's selection criteria, in particular the submission of confirmation of the financing of their offers from third party financial partners, were not excluded from the negotiations.
tilskud ydet af delstaten Rheinland-Pfalz til Nürburgring GmbH fra indtægter fra en kasinoafgift den 29. december 2009 (1,6 mio. EUR), den 29. oktober 2010 (3,2 mio. EUR) og den 29. marts 2011 (3,2 mio. EUR)
The Commission also notes that no bidders were offered exclusivity in the negotiations, but the latter were kept, to the reasonable extent in time, also with bidders who had not submitted the above financial confirmation in their final offers, in view of future submission of such financial confirmation.
Foranstaltning 14
Furthermore, as described in recital 54 above, the sales contract includes a clause according to which its parties are obliged to implement it only if:
lån ydet af delstaten Rheinland-Pfalz til Nürburgring GmbH den 21. august 2007 (20 mio. EUR), den 22. december 2009 (10 mio. EUR), den 28. december 2010 (4,65 mio. EUR), den 26. april 2011 (3,2 mio. EUR) og den 9. december 2011 (4,95 mio. EUR)
the Commission takes a non-challengeable decision implying that neither the buyer nor its operational company are beneficiaries of the aid under assessment subject to recovery; and (2a) either the delays to bring a legal challenge against the Commission decision have expired without an appeal; or (2b) in case of an appeal, a not further challengeable court judgment has been rendered confirming the Commission decision.
Foranstaltning 16
In addition, Germany has stated that a Commission decision on the State aid to the Nürburgring was a condition in the asset purchase agreements mark ups provided by Capricorn, [Bidder 2] and [Bidder 3].
Foranstaltning 17
Thus, the Commission concludes that the sale of the assets through an open, transparent, non-discriminatory and non-conditional tender process to the bidder submitting the highest bid including a guaranteed financing leads to the market price.
kompensation ydet af Nürburgring GmbH til Nürburgring Automotive GmbH på grundlag af Formel 1-koncessionskontrakten fra 13. december 2010 til 27. november 2012
The identity of the buyer
Foranstaltning 18
The Commission has to establish that the new owner of the assets will not have any link with NG, MSR and CMHN, in order to avoid that the new owner will be liable for any recovery of incompatible State aid.
henstand med rentebetalinger på 1,473 mio. EUR ydet af Investitions- und Strukturbank Rheinland-Pfalz GmbH til Nürburgring GmbH den 15. maj 2012
Capricorn is not an entity having a corporate law or personal direct or indirect link with NG, MSR, CMHN or their shareholders, or the previous lessees of the Nürburgring.
Foranstaltning 19
The moment of the sale
fritagelseserklæring afgivet af delstaten Rheinland-Pfalz den 15. maj 2012 over for Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH med hensyn til gældsforpligtelser i forbindelse med lån på 254 mio. EUR ydet i forbindelse med foranstaltning 8
The Commission needs to assess whether the moment of the tender process may lead to a circumvention of a decision by the Commission to recover incompatible State aid.
delstaten Rheinland-Pfalz' efterstilling af fordringer af 15. maj 2012 over for Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH med hensyn til fordringer på grundlag af foranstaltning 8 vedrørende det på tidspunktet for beslutningen om efterstilling af fordringer udestående beløb på op til 254 mio. EUR i efterstillede fordringer.
In this case, the Commission observes that following the extension of the main investigation to the measures notified to the Commission as rescue aid, the insolvency procedure was launched and the insolvency administrators were appointed by the competent local court in 2012.
Tyskland tilbagesøger den uforenelige støtte, der er ydet ved de i artikel 2 omhandlede foranstaltninger, fra støttemodtagerne, herunder Nürburgring Betriebsgesellschaft mbH som økonomisk efterfølger til Nürburgring GmbH, Motorsport Resort Nürburgring GmbH og Congress- und Motorsport Hotel Nürburgring GmbH.
As the buyer insists on its transfer being made only once a final Commission decision cannot be challenged in court, the sales contract will enter into effect and the insolvency procedure will be closed only after the adoption of the present decision ordering recovery.
En eventuel tilbagesøgning af uforenelig statsstøtte vil ikke berøre køberen af de på grundlag af budproceduren solgte aktiver, capricorn NÜRBURGRING Besitzgesellschaft GmbH, og selskabets datterselskaber.
The payment of the first instalment of the price took place before the adoption of the present decision.
Den støtte, der skal tilbagesøges, pålægges renter fra det tidspunkt, hvor den blev udbetalt til støttemodtagerne, og indtil den er tilbagebetalt.
Pursuant to the sales contract, the transfer of the assets is effective as of the date on which the present decision becomes non-challengeable.
Tyskland oplyser de præcise tidspunkter for delstatens tildeling af støtte, som ikke er nævnt i denne afgørelse.
In the present case, the Commission considers that the fact that the sale was launched by the insolvency administrators appointed by the competent local court and that the decision about the transfer of the assets has taken place before the adoption of the present decision is less conclusive in terms of economic continuity than a situation where the decision to sell would be taken by the aid beneficiaries themselves or where the sale process would be launched only after the adoption of the present decision.
Artikel 4
The Commission considers that the new owner will have the possibility to manage its activities under different operating conditions than NG, MSR and CMHN's and will apply its own business model.
Tilbagesøgningen af den i artikel 2 omhandlede støtte iværksættes omgående og effektivt.
The business concept of the sellers will not be taken over by the acquirer.
Tyskland sikrer, at denne afgørelse efterkommes senest fire måneder efter meddelelsen heraf.
The two existing race tracks (Grand-Prix track, Northern track) shall be used […] in the future, allowing […].
Artikel 5
To this end, Capricorn intends to construct additional facilities and to equip the […].
Senest to måneder efter meddelelsen af denne afgørelse sender Tyskland Kommissionen følgende oplysninger:
Part of facilities build under Part II of the Nürburgring 2009 project will be turned down (e.g. […]).
Tyskland giver tillige detaljerede oplysninger om de støttebeløb og renter, støttemodtageren allerede har tilbagebetalt.
Through […] should be established.
Artikel 6
[…] should be […] at Nürburgring.
På Kommissionens vegne
On the contrary, Capricorn will integrate the acquired assets in its own business strategy, realising synergies, which justify its interest in buying the assets.
Næstformand
In comparison with the current operation model, Capricorn has developed a new concept of the exploitation of the assets.
Sag SA.31550 (2012/C) (EUT C 216 af 21.7.2012, s. 14), og sag SA.34890 (2012/C) (EUT C 333 af 30.10.2012, s. 1).
Moreover, the operation of some of the assets has been structurally deficit making and it could therefore require further restructuring and optimisation.
Ved afgørelse af 20. juni 2012 tilsendte Kommissionen Tyskland en berigtigelse til afgørelsen af 21. marts 2012.
The afore-mentioned elements demonstrate that the economic logic of the Capricorn's offer does not consist in a continuation of an economic activity of the Nürburgring group, but in an integration of certain assets and a part of the workforce of the Nürburgring group in a group which pursuits its own economic logic.
EUT C 216 af 21.7.2012, s. 14.
Thus, the Commission concludes that the economic logic of the operation is to allow the new owner to use the assets of NG, MSR and CMHN under different conditions and not to continue the strategy of these companies.
Den 22. august 2012 blev sag SA.34890 (2012/C), der var indledt ved afgørelsen af 7. august 2012 om udvidelsen af den formelle undersøgelsesprocedure, administrativt lagt sammen med sag SA.31550 (2012/C).
Conclusion on the economic continuity of NG, MSR and CMHN through the sale of assets
EUT C 333 af 30.10.2012, s. 1.
The assets have been sold at their market price, as established through an open, transparent, non-discriminatory and non-conditional tender process, to the bidder submitting the highest bid including its guaranteed financing.
Grundlaget herfor var forligsaftalen (Vergleichsvertrag) mellem NG, NAG og NBG af 27. november 2012.
Germany has informed the Commission that the buyer has not an economic or corporate link to NG, MSR or CMHN.
Efter opsigelsen af forpagtningskontrakten mellem NG og NAG i februar 2012 opgav klager 1, den ene af de to første klagere, sin negative holdning til statsstøtten til racerbanen og anførte, at de foranstaltninger, der i 2012 var blevet anmeldt som redningsstøtte, burde godkendes, at racerbanen ikke selv havde modtaget støtte og derfor ikke skulle omfattes af undersøgelsesproceduren, og at driften af Nürburgring var tjenesteydelser af almindelig økonomisk interesse (SGEI).
The decision on the sale was taken prior to any potential negative Commission decision regarding the formal investigation procedure.
Delstaten og Landkreis Ahrweiler er som kapitalejere repræsenteret i NG's bestyrelse.
The sales contract between the sellers and Capricorn includes a condition that foresees that the sale of the Nürburgring assets is final only upon the existence of a non-challengeable Commission decision declaring that the aid would not be recovered from the buyer of the assets.
Hotellerne og restauranterne blev drevet af Lindner Hotels AG på grundlag af en kontrakt med NAG.
the beneficiaries irreversibly exit the market and will not have any activity or receive any stream of money.
Weber stod for opførelsen af hotellerne og restauranterne.
They will be liquidated as soon as their claims and obligations are settled and the necessary formalities are performed (see recital 55).
Den 23. november 2010 blev afviklingen af Weber indledt.
Also, the Commission notes that other bidders who reached the final stage of the tender procedure or close to it had similar conditions in their offers [179].
Formålet med CST var drift af et kontantløst betalingssystem, hvor kunderne kunne anvende et kort (ringocard) til at betale for deres besøg på alle attraktioner i tilknytning til Nürburgring-komplekset.
On the basis of the above, the Commission concludes that there is no purpose or risk of circumvention of recovery and that the construction in question merely exists with the purpose of an orderly liquidation of the business.
Kapitalejerne i CST var indtil den 1. november 2012 NG og MIB med 50 % hver.
Complaints from complainant 1 and 2
Den 19. december 2012 påbegyndte NG afviklingen som 100 %-ejer.
Based on the information provided by the insolvency administrators and complainants 1 to 4, the Commission does not consider the claims raised by complainant 1 and complainant 2 to be justified.
Aktiverne blev overført til NG.
The Nürburgring assets were split in eleven individual assets.
Ifølge Tyskland blev virksomheden slettet i handelsregistret den 22. maj 2014.
Based on the evidence submitted by the insolvency administrators and complainants 1 to 4, the Commission has found that in an open, transparent and non-discriminatory selection process, the bidders could make offers for one, more or all assets.
Formålet med Mediinvest er formidling af indgåelse af grund- og bygningskontrakter, projektudvikling samt opførelse af ejendomme, ferieanlæg og resorts.
Even the fact that all of the assets were eventually awarded to Capricorn as the buyer submitting the highest bid including its secure financing, this does not as such demonstrate economic continuity (see also Section 6.2.7 above).
Mediinvest ejes 100 % af Kai Richter.
The Commission also assumes that the underlying aim of complainants 1 and 2 was to avoid a transfer of the racetrack to a private investor.
Den 18. juni 2013 blev Mediinvest omdøbt til Return Projektmanagement GmbH.
The bidders that tendered only for individual asset clusters such as complainant 2 were not notified of the extension of the deadline for the submission of binding offers until 17 February 2014, because their indicative bids did not qualify to the second stage of the selection process in view of their low price offers;
Geisler & Trimmel stod for opførelsen af hotellerne og restauranterne.
however, the Commission does not consider this to be a breach of the principle of transparency, since such bidders had been informed that they could increase their indicative offer any time before the award of the contract, and if they went for such a price increase, it can be presumed that the insolvency administrators would notify them of the extension of the deadline concerned in compliance with the principle of equal treatment.
Formålet med FSZ er opførelse, ejerskab og drift af et køreteknisk anlæg.
The Commission finds it reasonable and efficient that only the bidders that made a sufficiently high price bid were allowed access to the detailed information about the assets (on the basis of which among others the need for future investment could be assessed by the bidders).
NG ejede 41 % af selskabet.
In view of the information given to them in the various stages, the Commission also considers that the bidders were provided with information sufficient for making their offers.
I oktober 2013 solgte majoritetsejerne kapitalinteressen i NG.
On top of this, complainants 1 and 2 have identified no concrete piece of information that would hinder them from bidding.
Formålet med EWN var drift af oplevelsesparken »Erlebniswelt« med motorsportsorienterede attraktioner i tilknytning til Nürburgring.
As regards the long-term contractual relationships allegedly implied in the tender documentation, the Commission notes that in the present case of an asset deal, the employment and lease contracts are transferred only in the cases foreseen by law, that the contracts for the organisation of events can in principle be maintained only if both contractual parties agree so, and that the latter contracts do not necessarily have a major economic significance for the asset deal.
Den 31. marts 2011 blev selskabet omdøbt til ringowerk GmbH & Co. KG; NG var eneejer indtil den 24. august 2011 — på dette tidspunkt blev aktiverne i EWN overført til NG, og selskabets ophør uden formel afvikling blev registreret i handelsregistret.
As regards the question whether new aid was granted by the operation of NBG, the Commission notes that NBG was established by the insolvency administrators on a temporary basis, until the end of 2014, as a vehicle for the operation of the assets only during the insolvency and the tender process.
Formålet med MAN var fremme af tysk motorsport gennem drift af et uddannelsesakademi.
Running the operational business through a temporary subsidiary of an insolvent company during the insolvency proceedings is allowed by national law and cannot be forbidden to insolvency administrators.
NG var eneejer.
In the present case, the insolvency administrators also justified the economic rationale of the existence of NBG for NG, MSR and CMHN, since, according to them, the creation of NBG increased the value of the assets of NG, MSR and CMHN, thus increasing the liquidation subject-matter.
Formålet med TTI var fremme, lancering, opførelse og drift af køretekniske anlæg.
However, the Commission notes the circumstances of NBG's establishment, i.e. that NBG is a subsidiary of the aid beneficiaries NG, MSR and CMHN, is their economic successor since it has received their full assets and liabilities, it has received those assets and liabilities without consideration and outside the scope of any tender or valuation report, employs the exact same personnel as they did and carries on their own business.
NG ejede 26 % af virksomheden, mens de resterende 74 % var ejet af Brands Hatch Leisure Group Limited, Fawkham Longfield, Kent/Det Forenede Kongerige (26 %), Test & Training Gesellschaft mbH, Teesdorf/Østrig (26 %) og Tilke GmbH, Aachen (22 %).
On this basis, the Commission concludes that there is economic continuity between NBG and the beneficiaries NG, MSR and CMHN, therefore any incompatible State aid in favour of NG, MSR and CMHN is to be recovered also from NBG.
Virksomheden blev afviklet.
The Commission considers that also the contract between NBG and the trade union ver.di was concluded in order to enable the operational business of NBG until the sale of assets, and not to maintain the economic continuity of the Nürburgring after that sale.
Den 4. december 2007 blev virksomheden slettet i handelsregistret.
The employment contracts are transferred from NBG to Capricorn by force of German labour law, and not due to the contract with the trade union.
Formålet med BWN var handel med nye og brugte motorcykler samt fremme af motorcykelturisme i Eifelregionen.
For the lack of economic continuity between the sellers and Capricorn, the Commission considers only relevant that Capricorn itself has the full discretion to decide which of the employment contracts of NBG it will not take over, and that Capricorn plans not to take over around 20 % of these employment contracts.
Med virkning pr. 6. september 2005 sluttede Bike World Nürburgring GmbH (»BWN«) sig sammen med BikeWorld Nürburgring Besitz GmbH ( »BWNB«).
The Commission therefore rejects the complaints from complainants 1 and 2 as unjustified because the assets in question have been sold to the bidder who submitted the highest bid including a proof of its financing, following an open transparent, non-discriminatory and unconditional tender process.
Købervirksomheden BWNB blev efterfølgende omdøbt til BikeWorld Nürburgring GmbH ( »BWN2«).
Complaint from complainant 3
Den 15. maj 2007 solgte NG sin andel på 49 % i sidstnævnte virksomhed til Norbert Brückner og Jörg Jovy og gav afkald på tilbagebetalingen af sine lån.
The Commission notes that the indicative and the final offers from complainant 3 were not supported by evidence of its financing;
BWN2 ophørte med sine aktiviteter i tilknytning til Nürburgring i 2008.
this was communicated by the sellers to complainant 3 by letters dated 17 October 2013, 11, 17 and 18 December 2013 and by e-mails dated 18 February 2014 and 9 April 2014.
Ifølge Tyskland blev BWN2 omdøbt til BikeWorld GmbH, og virksomhedens hjemsted blev flyttet til St. Ingbert i Saarland.
Indeed, until the award of the sales contract by the committee of creditors on 11 March 2014, and even after that date, complainant 3 did not provide evidence for the financing of its offer, which could justify that the sellers do not award the contract to either of both bids for which there was evidence of their financing, but that they wait for the submission of evidence for the offer from complainant 3.
Formålet med Camp4Fun var drift af en offroad-park.
In particular:
Indtil den 18. oktober 2010 var NG enekommanditist i selskabet, hvorefter dets aktiver blev overført til NG, og selskabets ophør uden formel likvidation blev registreret i det tyske handelsregister.
in its e-mail of 21 February 2014, complainant 3 stated its confidence to have all binding financial commitments within the next two to five weeks;
Formålet med MIB var deltagelse i andre virksomheder og overtagelse af disses drift.
in its letter dated 11 March 2014, complainant 3 indicated that it would be able to submit all binding financial commitments until 31 March 2014;
Kai Richter ejede 80 % og Klaus König 20 % af MIB.
and (c) in a non-signed letter dated 31 March 2014 by the investment bank and advisory firm […], submitted by complainant 3 to KPMG on 2 April 2014, it is stated that one prospective investor will provide financing of EUR […] million to complainant 3 for the purchase of the Nürburgring assets;
Den 18. juni 2013 blev MIB og NAG fusioneret.
however that alleged financing was subject to completion of satisfactory due diligence by all parties and execution and delivery of definitive documentation, and did not name the prospective buyer in question.
En udførlig beskrivelse af delområde I og II af Nürburgring-projektet findes i afsnit 2.2 i afgørelsen af 21. marts 2012.
On the basis of the above, the Commission notes that, even after the award of the Nürburgring assets to Capricorn, complainant 3 did not provide the sellers with a first-hand commitment by a specific financial partner for the financing of the purchase of the Nürburgring assets.
Kapitalreserver er supplerende kapitalindskud fra kapitalejerne, som ikke er tegnet kapital.
Instead, complainant 3 only provided the sellers with:
Begrebet opføres i balancer ofte som en del af et aktieselskabs egenkapital.
a final offer which made reference to a commitment for EUR 30 million but did not contain the proof of that commitment e.g. in the form of a binding financing commitment letter by the particular financial partner, and did not include details on the specific timing envisaged by complainant 3 for obtaining the outstanding financing commitments and for finalising the offer with regards to its commercial terms;
Kapitalreserven skal dække den del af egenkapitalen, som i forbindelse med en kapitalforhøjelse overstiger den nominelle værdi af aktierne (ordinære aktier).
a non-signed letter, referring to financing by an unnamed investor, still conditional on the satisfactory conclusion of the due diligence execution and the delivery of definitive documentation (letter of […] dated 31 March 2014).
De udstedte og indbetalte ordinære aktier plus kapitalreserven udgør tilsammen det samlede beløb, som investorerne betalte for aktierne ved udstedelsen.
The Commission also notes that there is no demonstration that the alleged financing commitment of Jupiter Financial Group dated 26 March 2014 was ever submitted to the sellers.
Overførsel på 2179000 EUR til kapitalreserven gennem eftergivelse af forfaldne renter i 1999 for et lån, som delstaten havde overtaget fra Forbundsrepublikken Tyskland i 1981 (»Altdarlehen Bund«).
The Commission further notes that the sellers did not extend the deadline for the submission of a proof of the financing of the complainant 3's bid, because there was a high chance that [Bidder 2] would withdraw its bid in case of such extension.
Overførsel på 22839241 EUR til kapitalreserven gennem eftergivelse af fordringer med hensyn til et lån, som delstaten havde overtaget fra Forbundsrepublikken Tyskland i 1981 (»Altdarlehen Bund«).
For example, with an e-mail of 13 January 2014, sent by the representative of [Bidder 2] to KPMG, [Bidder 2] declared that all requirements for the sale to be concluded should be fulfilled before 3 April 2014, otherwise [Bidder 2] would withdraw from the tender.
I beløbet 4887000 EUR indgår et bidrag fra delstaten gennem eftergivelse af fordringer med hensyn til et lån på 4398300 EUR, som delstaten havde overtaget fra Forbundsrepublikken Tyskland i 1981 (»Altdarlehen Bund«) og et bidrag fra Landkreis Ahrweiler gennem en likviditetstilførsel på 488700 EUR.
In addition, it was considered by the sellers that the value of the assets could drop later in time also in view of a decreasing buyer's influence on the business in the upcoming 2014 season and of the necessity to start the booking of contracts for 2015.
Siden 2002 er lånene til EWN blevet tilbagebetalt med 722264,49 EUR.
The Commission points out that complainant 3 was not hindered to submit the proof of the financing of his confirmatory bid in the final stage in the process, as long as no definite asset purchase agreement had been signed.
Siden 2002 er lånene til FSZ blevet tilbagebetalt bortset fra et beløb på […] EUR, der blev udlignet i forbindelse med en kompensation på […] EUR i tilknytning til NG's udelukkelse fra Fahrsicherheitszentrum am Nürburgring Verwaltungs GmbH og ophøret af NG's deltagelse i FSZ.
In view of the above, the Commission considers the behaviour of the sellers as corresponding to the behaviour of a market economy vendor.
MAN tilbagebetalte lånet fuldt ud den 28. november 2005.
The evaluation of the bid of complainant 3 is therefore market-conform.