natgillin/translations-raw huggingface dataset:
Camp4Fun tilbagebetalte lånet fuldt ud den 18. december 2003.
At the same time, the Commission notes that the sellers carried out discussions with [Bidder 2] and the final stage of the purchase agreement's negotiation with [Bidder 2] and Capricorn, in view of [Bidder 2]'s offer of EUR [32-39] million (see Table 10) and a confirmed negotiation between Capricorn and […] resulting in the latter bank's financial commitment dated 10 March 2014.
Oplysningerne i skarpe parenteser er omfattet af tavshedspligt.
Regarding the evaluation of the offer of Capricorn, the Commission notes that Capricorn submitted a commitment by its financial partner, […], for a loan in the amount of EUR [41-49] million.
Som led i »Nürburgring 2009«-projektet stillede delstaten følgende beløb til rådighed for ISB: 285265000 EUR den 30. juli 2010, 5 mio. EUR den 30. september 2010, 5 mio. EUR den 31. december 2010, 5 mio. EUR den 31. marts 2011, 5 mio. EUR den 31. maj 2011 og 10 mio. EUR den 31. juli 2011.
This commitment, dated 10 March 2014, was submitted to the sellers on 11 March 2014, i.e. on the date scheduled for the meeting of the Creditors' Committee, in which the latter intended to decide on the award of the Nürburgring assets.
I perioden fra 31. juli 2010 til 31. oktober 2011 anvendte ISB et beløb på 315265000 EUR fra delstatens likviditetspulje til refinansiering af det lån på 325265000 EUR (foranstaltning 8), som ISB havde ydet til NG, MSR og CMHN.
The commitment offered by Capricorn was higher than the one of [Bidder 2], since the latter amounted to EUR [32-39] million.
Indtil den fuldstændige tilbagebetaling af lånene i november 2011 blev rentesatsen fastsat dagligt.
The Commission also notes that Capricorn's total offer was equal to EUR 77 million, therefore higher than the one of [Bidder 2] which equalled to EUR [47-52] million.
Renterne udgjorde i alt 2326680 EUR og blev betalt rettidigt ved udgangen af den følgende måned.
EUR [30-33] million of [Bidder 2]'s total offer was foreseen to be paid in 2014, however with EUR [22-27] million foreseen to remain in a blocked account until March 2015 and the rest EUR [16,5-18] million foreseen to be paid in 2016, 2017 and 2018.
»Nürburgring 2009«-projektet består af delområde I og II:
Furthermore, as regards the condition in the sales contract between the sellers and Capricorn which 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, the Commission notes that, according to the provisions included in the relevant parts of complainant 3's mark-up contracts, as submitted by the insolvency administrators and Germany, the purchaser and/or the seller had the right to withdraw from the contract if no positive decision of the Commission had been issued by 15 July 2014 (as stipulated in draft contract of 14 January 2014) or 31 December 2014 (as stipulated in draft mark-up contract of 14 February 2014).
Delområde I omfatter tribune, welcome ocenter, ringoarena (til op til 5100 besøgende) og adgangsfaciliteter, ringoboulevard (indkøbscenter med verdens største multitouch-videovæg), WARSTEINER Eventcenter (til op til 1500 besøgende), Autowelten (udstillings- og salgsarealer for bilfabrikanter), ringowerk (indendørs attraktioner såsom et multimedieteater, en historisk udstilling, interaktive anvendelser og ringoracer, verdens hurtigste rutsjebane) samt ringokartbahn (en indendørs gokartbane).
It is also noted that there was no time limit as to exercising such withdrawal right.
Delområde II består af to hoteller (herunder et kasino), 100 ferieboliger, fem restauranter, et diskotek og en merchandising-butik.
As regards further allegations made by complainant 3, the Commission notes the following:
Med hensyn til problemerne i forbindelse med forvaltningen og finansieringen af likviditetspuljen henvises til årsberetningen for 2011 fra delstaten Rheinland-Pfalz' revisionsmyndighed, del II, s. 7-15, som findes på http://www.rechnungshof-rlp.de/Jahresberichte/.
The Commission does not consider that complainant 3 was required to assume the existing contracts or obligations of NBG (with the exception of contracts that transfer automatically by operation of law, such as certain employment or rental contracts).
Lånene fra likviditetspuljen blev tilbagebetalt fuldt ud (se tabel 6).
This fact was indicated clearly to complainant 3 by the sellers in KPMG's letter dated 11 December 2013.
Renterne på i alt 5059174,46 EUR blev betalt.
The Commission also considers that to the extent complainant 3 would like to assume these contracts was in its own discretion and would be subject to its business and usage concept of the Nürburgring.
Renterne blev beregnet for hver enkelt dag (gældende rentesats/360).
Moreover, the Commission has not found evidence that there had been an alteration in the transaction concept during the tender process, or that except for complainant 3 another bidder has complained about an alleged change of the transaction structure.
Den 31. december 2010 blev der tilbagebetalt et beløb på 3589297,04 EUR.
In fact, the latter absence of complaints by other bidders was communicated to complainant 3 with KPMG's letter of 11 December 2013.
Med hensyn til problemerne i forbindelse med driften og finansieringen af CST henvises til årsberetningen for 2011 fra delstaten Rheinland-Pfalz' revisionsmyndighed, del II, s. 16-21, som findes på http://www.rechnungshof-rlp.de/Jahresberichte/
The duration of the tender process was not excessively long.
Lånet var fuldt ud tilbagebetalt den 22. januar 2009;
By letter of 17 December 2013, complainant 3 was informed by the sellers about the deadline of 17 February 2014 for the submission of a confirmatory bid.
der blev betalt renter på 48500 EUR.
Complainant 3 was also informed that the sellers might choose the parties qualified for the further process shortly after the end of that extended deadline.
Tyskland har imidlertid anført, at lånet blev tilbagebetalt af Geisler & Trimmel til NG, ikke af MSR til PNG og af PNG til NG.
The qualified bidders were not hindered from amending their confirmatory bids or to submit the proof of their financing even after that deadline, as long as no definite asset purchase agreement had been signed [180].
1450000 EUR plus renter på 26830,88 EUR.
The deadline of 17 February 2014 was thus effectively extended to allow all bidders to amend their bids, provide proof of their financing, or submit new bids.
I 2010 modregnede NG lånet i sine fordringer over for CST på 1439297,04 EUR.
As this procedural change was known to every qualified bidder, there was no breach of the principles of transparency and equal treatment. (d) As all available information was provided by the sellers to all bidders at the same time, and at least three weeks before the final decision of the Creditors' Committee to award the assets to Capricorn, there was sufficient time for the preparation and finalisation of the bidders' offers, and the principle of transparency had been complied with.
CST's resterende forpligtelser over for NG på 37533,84 EUR blev nedbragt i forbindelse med afviklingen af CST og overførslen af selskabets aktiver til NG.
The Commission also finds that complainant 3 was informed sufficiently about the rules of the tender process in advance by letters of the sellers dated 19 July 2013, 17 October 2013 and 17 December 2013.
Den 25. maj 2008 ydede Bank für Tirol und Vorarlberg AG et lån på […] EUR til CMHN.
There was also no breach of the principle of equal treatment between the bidders in the access to the relevant information, as a same amount of information was provided to the bidders that qualified for the process stage concerned.
Den 18. januar 2010 ydede Kreissparkasse Ahrweiler et lån på […] EUR til MSR.
There is no evidence that Capricorn negotiated with a beer supplier or with ‘Rock am Ring’ before the conclusion of the asset purchase agreement.
På grundlag af det af delstaten udstedte kreditmandat foretog ISB ikke de almindelige kreditvurderinger.
According to the insolvency administrators, it was NBG which conducted all relevant negotiations.
Med hensyn til tranche 2 udnyttede NG ikke 4735000 mio. EUR af det lån på 118325800 EUR, der var optaget, således at delstaten betalte 113590800 EUR til NG;
The notarisation of the asset purchase agreement by the two best bidders (Capricorn and [Bidder 2]) carried out before the meeting of the creditors' committee of 11 March 2014 is not an indicator of a breach of the principles of transparency and equal treatment.
i denne forbindelse betalte NG en kompensation på 141835,54 EUR til ISB.
There is no evidence that Capricorn was notified of the result of the tender process before the meeting of the creditors' committee took place on 11 March 2014.
Med hensyn til den gennemsnitlige EONIA-sats pr. 28. juli 2010 henvises til www.global-rates.com/interest-rates/eonia/2010.aspx.
None of the bidders has provided a financing guarantee for the entire purchase price.
På tidspunktet for undertegnelsen af den pågældende driftsforpagtningskontrakt var Nürburgring GmbH eneaktionær i Nürburgring Adventure GmbH.
The sellers have therefore not breached the principle of equal treatment by making de facto the requirement of secure financing less strict during the tender process.
Den 25. oktober 2010 fusionerede Nürburgring Adventure GmbH med NG.
The provision of a mark-up of the asset purchase agreement was part of commercial negotiation and is not a matter relevant from the State aid point of view.
Da forpagtningskontrakten blev undertegnet den 25. marts 2010, var NAG's navn stadig GrundKapital Management GmbH.
The considerations of environmental aspects of complainant 3's offer by the sellers were carried out only in respect to the fact that complainant 3 had not submitted a proof of the financing of his bid.
Hvor NAG ensidigt har mulighed for at forlænge forpagtningskontrakten med 5 år to gange.
Such considerations were not part of the criteria for the selection of the successful bidder.
Forpagtningskontrakten omfatter:
These considerations therefore had no impact on the result of the tender process.
en minimumsforpagtningsafgift og b) en forpagtningsafgift, der afhænger af det resultat før renter, skat og af- og nedskrivninger (EBITDA), som forpagteren opnår (EBITDA-forpagtningsafgift):
Regarding complainant 3's allegation that, in the context of the tender process in question, Capricorn and the sellers received State aid advice from the same law firm ([…]) and in particular one lawyer of that firm, the Commission notes that, according to the statement of the German authorities, that law firm and its lawyers: (a) did not provide any advice to the sellers of the tender procedure (including the insolvency administrators and the Creditors' Committee);
fra 1. maj 2010 til 30. april 2011 90 % af forpagterens EBITDA, fra 1. maj 2011 til 30. april 2012 90 % af forpagterens EBITDA, dog mindst 5 mio. EUR, fra 1. maj 2012 til 30. april 2013: såfremt byggefejl er afhjulpet inden 30. april 2012:
did not have any access to any information contained in the bids of other interested investors;
85 % af forpagterens EBITDA, dog mindst 11,5 mio. EUR, i modsat fald 90 % af forpagterens EBITDA, dog mindst 10 mio. EUR, og fra den 1. maj 2013 årligt 85 % af forpagterens EBITDA, dog mindst 15 mio. EUR.
only had access to the information concerning the tender procedure which was available in the data room and in the press; and d) did not provide the sellers or the Creditors' Committee with any recommendation.
En kritisk vurdering af forpagtningsafgiftens størrelse findes i årsberetningen for 2012 fra delstaten Rheinland-Pfalz' revisionsmyndighed, s. 98-102, som findes på www.rechnungshof-rlp.de/Jahresberichte
Regarding the particular lawyer of that law firm, to which complainant 3 has referred in its complaint, Germany has also explained the following:
Forpagtningsafgift på […] EUR plus […] på grundlag af forligsaftalen.
that lawyer worked for the Land from May 2012 until April 2013, i.e. before the initiation of the tender process in June 2013;
Lånene i form af de passive kapitalindskud blev fuldt ud tilbagebetalt til RIM den 30. juli 2010.
that lawyer was not in any contact with the Land or the Federal Republic of Germany during the tender process;
Mediinvest betalte renter til RIM på i alt […] EUR.
that lawyer never advised the Land or the sellers in relation to the bidding process;
Tyskland præciserede ikke, om MSR har tilbagebetalt de lån, som Mediinvest havde ydet til selskabet.
and (d) the same lawyer only participated as an independent expert in the hearing of the Land's parliament on 20 June 2013 concerning the law for the public access to the Nürburgring racetrack.
Ifølge delstatens revisionsmyndighed udgør Mediinvests rentefordel som følge af de forhøjede rentesatser i alt […] EUR (sagkyndig udtalelse fra delstaten Rheinland-Pfalz' revisionsmyndighed af 15. juni 2010, del II, s. 20).
Furthermore, Germany has explained that the State aid aspects of the tender, i.e. the fact that the tender process had to be open, transparent, unconditional and non-discriminatory, in order for the buyer not to be liable for any recovery of incompatible State aid to the sellers of the Nürburgring assets, were already made aware to all bidders, as follows:
Garantien på op til 50 mio. EUR af 28. august 2008 blev den 17. december 2008 forhøjet til 80 mio. EUR og efterfølgende den 26. maj 2009 til 140 mio. EUR.
through the Commission decisions to open the formal investigation procedure on 21 March 2012 and to extend it on 7 August 2012;
Det erklærede mål med lånene af 28. december 2010 og 26. april 2011 var — som det fremgår af rapporten fra Ernst & Young af 9. september 2010 — at dække det negative cashflow i forbindelse med NG's planlægning på mellemlang sigt for perioden 2010-2030.
by the sellers, with all relevant documents provided in the tender's data room, including communications exchanged between the Commission and Germany on this matter;
NG besidder således nu 93,3 % og RIM 6,7 % af andelene i MSR.
and (c) by the relevant case practice of the Commission.
Sælgerne blev ikke fritaget for deres ansvar på grundlag af salgskontrakten, og hverken NG eller RIM påtog sig finansielle forpligtelser.
The Commission therefore rejects the complaint from complainant 3 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.
En kritisk vurdering af kompensationens størrelse findes i årsberetningen for 2012 fra delstaten Rheinland-Pfalz' revisionsmyndighed, s. 103-107, som findes på www.rechnungshof-rlp.de/Jahresberichte
Complaint from complainant 4
Den kontraktligt aftalte kompensation, som NAG modtog, indeholdt et fast beløb på […] EUR for de solgte billetter, […] % af provenuet fra salget af de billetter, som sælges efter de første […] billetter, samt provenuet fra […] solgte billetter i 2011 og fra […] solgte billetter i de efterfølgende år.
According to the comparison included in Table 10, the bid from Capricorn leads to a higher revenue from the sale in comparison to the bid from [Bidder 2]
For gennemførelsen af Formel 1-arrangementet i 2011 udgjorde beløbet principielt mindst […] EUR;
As regards the allegations made by complainant 4, the Commission notes the following:
såfremt provenuet fra salget af billetter lå under […] EUR, faldt kompensationen med […] EUR pr. […] EUR, som provenuet lå under […] EUR (eksempel: Ved et provenu fra salget af billetter på […] EUR udgjorde kompensationen […] EUR).
The Commission takes note of the insolvency administrators' statement that the financing of the two offers submitted by [Bidder 2] and Capricorn was sufficiently secure for the sellers, even though none of both offers reached the highest possible level of security.
Der blev dog aftalt en mindstekompensation på […] EUR.
By letter dated 24 February 2014, [Bidder 2] informed the sellers about the financial capability of the [Bidder 2] group, indicating that around EUR [930-1030] million are available for investment.
De gebyrer, der skulle betales til arrangørerne af og kørerne i Formel 1-løbene, samt omkostningerne til vedligeholdelse af banen med henblik på en grade-1-licens fra Féderation Internationale de l'Automobile (»FIA«) blev betalt fuldt ud af NG og var ikke omfattet af NAG's forpligtelser.
The Commission also notes that by its financing commitment dated 10 March 2014 […] established a loan facility with an aggregate maximum debt commitment equal to the amount of EUR [41-49] million to the benefit of Capricorn.
Procesbrev af 19. juli 2013, »Project RING — information and procedures for the submission of an indicative offer«, s. 3, afsnit »Indicative Offer«.
As regards the up-front payments, if a non-challengeable Commission decision exists in 2014, the sellers would have access to EUR [30-33] million in case of [Bidder 2] or EUR [58-63] million (plus around EUR 6 million of cash flow of NBG) in case of Capricorn.
Procesbrev af 12. september 2013, »Project RING — Project RING — Extension of the timeline for the submission of indicative offers«, s. 1, afsnit »Extension of the Deadline for the Indicative Offers«.
Taking account of the comments made by complainant 4 and the insolvency administrators, on balance, it is not evident that the execution risk was higher for Capricorn's offer compared to [Bidder 2]'s offer.
Procesbrev af 17. december 2013, »Project RING — Extension of the timeline for the submission of final offers«, s. 1, afsnit »Extension of the timeline for the final offers«.
In view of the selection criteria indicated in recital 48, the capability of the bidders as such was not a selection criterion.
Grand Prix-bane, 1B.
In view of the selection criteria indicated in recital 48, the amount of investment to be made after the sale was not a selection criterion.
Nordschleife, 2.
The sellers communicated with [Bidder 2] to an acceptable standard during the tender process.
tjernet hotel, 3.
[Bidder 2] was not hindered from increasing or modifying his bid until the meeting of the creditors' committee took place on 11 March 2014.
Eifel-landsby »Grüne Hölle« med 3-stjernet hotel, 4.
The Commission has thus not found evidence proving that [Bidder 2] was discriminated in the tender process.
Feriepark Drees, 5.
The claim about a worse treatment of [Bidder 2] in comparison to other bidders including Capricorn is unjustified.
Bebyggelsesret på arealet Dorint, 6.
It has to be noted that [Bidder 2] submitted a confirmatory offer, it negotiated the terms of the contract, and as the second best bidder with secured financing, [Bidder 2] was allowed to sign the final version of the draft contract.
Offroad-park, 7.
In addition, as regards the condition of a non-enforceable Commission decision, apart from an amount of EUR [7,1-7,6] million, the money provided by [Bidder 2] would be kept in a blocked account and transferred to the sellers either upon the existence of a non-challengeable Commission decision or if the buyer did not withdraw from the contract despite there being no such enforceable Commission decision by 31 March 2015 (the possibility to extend the period for the withdrawal right was not excluded)
Personalehus Adenau, 8.
The Commission therefore rejects the complaint from complainant 4 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.
Beboelsesejendom Balkhausen, 9.
Conclusion
Hus Licht, 10.
For the reasons set out above, on the basis of the available information, the Commission has not found evidence of a breach of the principles of an open, transparent, non-discriminatory and non-conditional tender process with regards to the sale of the assets of NG, MSR and CMHN, or of any offer with a higher price bid with secured financing compared to the price bid made by Capricorn.
Øvrige grønne områder.
CONCLUSION
Afsnittet om salg af Nürburgrings aktiver i indkaldelsen af interessetilkendegivelser.
The Commission finds that part of measure 2 (loans granted to FSZ), as well as measures 8, 11 and 15 do not constitute aid within the meaning of Article 107(1).
Procesbrev af 19. juli 2013, »Project RING — information and procedures for the submission of an indicative offer«, s. 1, afsnit »Indicative Offer«.
The Commission finds that Germany has unlawfully implemented measure 1, part of measure 2 (loans granted by NG to EWN, MAN, TTI, Camp4Fun, BWN1, BWNB and BWN2), as well as measures 3 to 7, 9 and 10, 12 to 14, and 16 to 19 in breach of Article 108(3) of the Treaty on the Functioning of the European Union.
Udvælgelseskriterierne er beskrevet på side 4 i procesbrevet af 19. juli 2013, »Project RING — information and procedures for the submission of an indicative offer«, og på side 6 i procesbrevet af 17. oktober 2013, »Project RING — procedures for the submission of a final offer«.
The Commission has concluded that measure 1, part of measure 2 (loans granted by NG to EWN, MAN, TTI, Camp4Fun, BWN1, BWNB and BWN2), as well as measures 3 to 7, 9 and 10, 12 to 14, and 16 to 19 in favour of Nürburgring GmbH, Motorsport Resort Nürburgring GmbH, Congress- und Motorsport Hotel Nürburgring GmbH, Cash Settlement and Ticketing GmbH, Nürburgring Automotive GmbH, Erlebnispark Nürburgring GmbH & Co.
9 bud vedrørte alle aktivenheder, 3 bud vedrørte racerbanen og 11 bud andre aktivenheder eller enkelte aktiver.
KG, Motorsport Akademie Nürburgring GmbH & Co.
Buddet på alle aktiver med den højeste pris blev fastsat til 100 %.
KG, Test & Training International GmbH, Bike World Nürburgring GmbH, BikeWorld Nürburgring Besitz GmbH, BikeWorld Nürburgring GmbH, Camp 4 Fun GmbH & Co.
Der blev afgivet i alt 6 vejledende bud på alle aktiver, som bød mere end 25 % af det bedste bud.
KG, IPC Gesellschaft für internationale Projektcoordination mbH and MI-Beteiligungs- und Verwaltungs GmbH, respectively, constituted State aid within the meaning of Article 107(1) and are incompatible with the internal market, because the relevant conditions of the R&R Guidelines are not met and no other compatibility basis was identified.
Buddene på alle aktiver, som ikke nåede op på 25 % af det bedste bud, blev i første omgang ikke taget yderligere i betragtning på grund af købsprisens størrelse.
The Commission has also concluded that:
Det samme var gældende for buddene på racerbanen, som sammen med de enkelte bud på de øvrige aktiver i alt ikke nåede op på 25 % af det bedste bud.
The sale of assets of Nürburgring GmbH, Motorsport Resort Nürburgring GmbH and Congress- und Motorsport Hotel Nürburgring GmbH does not constitute State aid,
Da fem af de seks kvalificerede bud på alle aktiver på tidspunktet for afgivelsen af de vejledende bud stadig havde en uklar finansiering, blev disse opfordret til at dokumentere deres evne til at finansiere transaktionen.
The sale of assets of Nürburgring GmbH, Motorsport Resort Nürburgring GmbH and Congress- und Motorsport Hotel Nürburgring GmbH does not lead to economic continuity between Nürburgring GmbH, Motorsport Resort Nürburgring GmbH and Congress- und Motorsport Hotel Nürburgring GmbH and capricorn NÜRBURGRING Besitzgesellschaft GmbH, the new owner of the assets, or its subsidiaries.
GetSpeed GmbH & Co KG er en tysk motorsportsvirksomhed.
Part of measure 2
Blandt virksomhedens ydelser er værkstedstjenester, afholdelse af racerløb og coaching af kørere.
the loans in the total amount of EUR 646738,12 granted by Nürburgring GmbH to Fahrsicherheitszentrum am Nürburgring GmbH & Co.
99 % af andelene besiddes af Axel Heinemann og 1 % af Adam Osieka.
KG between 12 April 2002 and March 2008,
§ 613a i BGB.
Measure 8
Dom afsagt af den tyske forbundsarbejdsret (Bundesarbeitsgericht, BAG) den 19. december 2013 — 6 AZR 790/12;
the loans granted by Investitions- und Strukturbank Rheinland-Pfalz GmbH to Nürburgring GmbH on 28 July 2010 in the amounts of EUR 96574200 and EUR 113590800, to Motorsport Resort Nürburgring GmbH in the amount of EUR 92000000 and to Congress- und Motorsport Hotel Nürburgring GmbH in the amount of EUR 23100000,