natgillin/translations-raw huggingface dataset:
With regard to the evaluation of the stocks of Duferco La Louvière Sales, a company controlled by SIF, Belgium provided a document that it believes supports the market value of the stocks being higher than their book value, which was adopted to set the sale price.
KOKKUVÕTE
Again, the Commission notes that the completion date of this document is not indicated.
Komisjon leiab, et Belgia on võtnud kõnealused abimeetmed ebaseaduslikult, rikkudes Euroopa Liidu toimimise lepingu artikli 108 lõike 3 sätteid.
Lastly, with regard to the investment of EUR [30-40] million in DLLPL, the Commission had, in its opening decision, asked Belgium to produce all the studies and business plans concerning this investment.
Komisjon on seisukohal, et kõikide vaadeldavate meetmete näol on tegemist siseturuga kokkusobimatute meetmetega,
Belgium confirmed that, ultimately, a single business plan had justified the investment of EUR [30-40] million; the other plans referred to had become irrelevant as they concerned other projects that were not adopted.
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
Belgium therefore provided the Commission with an undated, one-page plan with a table of EBITDA up to 2016 with no explanation or assumption to support the numbers presented.
Artikkel 1
In the Commission's view, the other documents relied on by Belgium do not make up for this document's shortcomings.
Järgmiste meetmete näol, mida Belgia on ebaseaduslikult võtnud, rikkudes Euroopa Liidu toimimise lepingu artikli 108 lõike 3 sätteid, on tegemist siseturuga kokkusobimatu riigiabiga:
The document entitled ‘A plan for the future of the steel industry in La Louvière’ from February 2011 details the strategy of continuing activities involving long products and flat products.
osaluse müük Duferco US Investment Corporationis ettevõtja Duferco Industrial Investment kasuks 11581700 euro eest;
One page is devoted to the development of DLLPL over the previous five years.
osaluse müük Duferco Participations Holding Limitedis [ettevõtja kes kontrollis sel ajal DPHd] kasuks 20362464 euro eest;
The document ‘Long Products Marketing Plan 2011-2013’ is limited to a study of the relevant sector.
osaluse omandamine Duferco Salvage Investments Holdingus sama ettevõtja kasuks [65–72 miljoni] euro eest;
The Commission notes that DLP allowed FSIH to again support steel activity in Wallonia without any justification by an economic analysis in line with the market economy investor principle.
laen ettevõtjale Steel Invest & Finance, mille põhiosa oli 10413639 eurot, sedavõrd, kui selle laenu suhtes kohaldatud intressimäär oli väiksem kui 4,302 %;
It follows from the above that the investment cannot be considered pari passu and in line with the market economy investor principle.
osaluse omandamine Duferco Long Productsis sama ettevõtja kasuks 100000000 euro eest;
The amount of aid received by DLP is therefore the amount of the capital increase, i.e. EUR 100 million.
Artikkel 2
General conclusion on the economic advantage criterion
Belgial tuleb artiklis 1 nimetatud abi otsestelt abisaajatelt või nende õigusjärglastelt tagasi nõuda.
After having analysed each measure individually, the Commission took the view that it was necessary to carry out a more general analysis of FSIH's investment strategy since it was set up.
Tagasimakstavatelt summadelt tuleb tasuda intressi alates kuupäevast, mil need anti abisaajate käsutusse, kuni nende täieliku tagasimaksmiseni.
It considers that these measures are inextricably linked to each other and that they work towards a single objective: to support and sustain the Duferco Group's activities in Wallonia, through indirect investments in the Group's offshore subsidiaries in order to circumvent the rules prohibiting aid to the steel sector in the EU.
Intress arvutatakse liitintressina vastavalt komisjoni määruse (EÜ) nr 794/2004 V peatükile [67].
The beneficiaries of FSIH's interventions were Duferco's parent company or subsidiaries of the group in the United States (Measure 1), […] (Measure 2), Ireland (Measure 3), […] (Measure 4) and […] (Measures 5 and 6) to finance projects that were carried out in Wallonia, in the Walloon subsidiaries of the group active in the steel sector, then in site decontamination, while the group gradually ceased its steel activities in Wallonia.
Artikkel 3
This analysis is supported by the simultaneity of or short period of time between certain events.
Artiklis 1 osutatud abi nõutakse tagasi viivitamata ja tõhusalt.
Duferco has been operating in Belgium since 1997, when it took over Forges de Clabecq, which were in financial straits, with support from the Walloon Region and the backing of the Commission (investment of EUR 8,75 million and loan of EUR 13,75 million) [56].
Belgia tagab käesoleva otsuse täitmise nelja kuu jooksul pärast otsuse teatavakstegemise kuupäeva.
The Commission notes that this takeover followed the negative decision by the Commission regarding Forges de Clabecq [57]: the Belgian State's attempt to rescue the same steelworks was judged incompatible with the common market in December 1996.
Artikkel 4
The company was therefore declared bankrupt in January 1997.
Kahe kuu jooksul alates käesoleva otsuse teatavakstegemisest esitab Belgia komisjonile järgmise teabe:
There followed a series of takeovers of Walloon steel sites by the Duferco Group, still with the financial support of the Walloon Region through SOGEPA, then FSIH from 2003.
igalt abisaajalt tagasi nõutav kogusumma (põhisumma ja intress);
In 1999, Duferco acquired Usines Gustave Boël in La Louvière from Hoogovens, with support from the Walloon Region (conversion of a claim of EUR 12,5 million into 25 % of the capital and a loan of EUR 25,3 million) [58].
käesoleva otsuse täitmiseks juba võetud meetmete ja kavandatud meetmete üksikasjalik kirjeldus;
Then, following the announcement by the Chairman of the Usinor-Sacilor group in February 2001 that he intended to close down Cockerill Sambre's hot-rolling line in Charleroi, talks were entered into between Usinor-Cockerill Sambre, the Duferco Group and SOGEPA primarily with a view to setting up a joint venture to produce slabs using Cockerill Sambre's existing mill in Charleroi together with the plant owned by Duferco Clabecq.
dokumendid, milles kinnitatakse, et abisaajatele on antud korraldus abi tagasi maksta.
In 2002, Duferco took over the hot-phase site in Charleroi, which became Carsid, in cooperation with Usinor, again with support from the Walloon Region (SOGEPA's stake in Carsid's capital was EUR 20 million, reduced to EUR 9 million after the decision to initiate the procedure provided for in Article 6(5) of Decision No 2496/96/ECSC).
Belgia teavitab komisjoni käesoleva otsuse täitmiseks võetud riiklike meetmete rakendamisest, kuni artiklis 1 osutatud abi on lõplikult tagastatud.
The Commission notes that FSIH was created in March 2003, i.e. during the Commission's investigations following the adoption of the decision to initiate the formal investigation procedure on 3 April 2002 on the financial participation by the Walloon Region in the company Carsid.
Belgia esitab viivitamata, komisjoni esimesel nõudmisel kogu teabe käesoleva otsuse täitmiseks juba võetud ja kavandatud meetmete kohta.
This procedure was completed on 15 October 2003 [59] with a negative decision from the Commission on the grounds that an investment in a new company could not be considered pari passu where only the public shareholder bears a new risk, with the private shareholder only transferring a business activity or existing project to the new company.
Lisaks esitab Belgia üksikasjalikud andmed abisaajatelt juba sisse nõutud abisummade ja intressi kohta.
The Commission also notes that, in many cases, the interventions by the Walloon Region in Duferco's favour made it possible to delay adjustments that were socially difficult but economically necessary in the steel sector in Wallonia.
Artikkel 5
This behaviour, motivated by regional and social considerations of safeguarding employment to the detriment of streamlining and modernising the steel industry, cannot be considered to be that of a private investor.
Käesolev otsus on adresseeritud Belgia Kuningriigile.
Furthermore, the Commission observes that the investment behaviour of FSIH does not correspond to that of a prudent market investor.
Brüssel, 20. jaanuar 2016
In this case, FSIH's behaviour should be compared to the behaviour that an investment fund manager would adopt.
Komisjoni nimel
Taken as a whole, the investment policy followed by FSIH, as highlighted by this procedure, is not likely to be followed by such a market operator.
Margrethe Vestager
A non-speculative investment fund must diversify the risks in its investment portfolio in order to ensure its longevity.
Alates 1. detsembrist 2009 muutusid Euroopa Ühenduse asutamislepingu artiklid 87 ja 88 vastavalt Euroopa Liidu toimimise lepingu artikliteks 107 ja 108.
While taking into account the desired performance and profit horizon, the diversification of assets in the portfolio geographically and by sector reduces the volatility of the assets and therefore the investment risk of the portfolio as a whole.
Sätted on sisult identsed.
This diversification does not necessarily have to be extreme, but in this case FSIH concentrated all its investments in a single company.
Käesolevas otsuses tuleb viiteid Euroopa Liidu toimimise lepingu artiklitele 107 ja 108 käsitada vajaduse korral vastavalt viidetena Euroopa Ühenduse asutamislepingu artiklitele 87 ja 88.
Indeed, by investing exclusively in the Duferco Group, FSIH's exposure to risk was at its greatest since the return on investment for FSIH depended on the success or failure of a single company.
Euroopa Liidu toimimise lepinguga tehti terminoloogiasse teatavaid muudatusi: „ühendus“ asendati „liiduga“, „ühisturg“ „siseturuga“ ja „Esimese astme kohus“ „Üldkohtuga“.
It follows, overall, that the investment behaviour of FSIH is an additional indication that its operations do not satisfy the market economy investor test.
Käesolevas otsuses kasutatakse läbivalt Euroopa Liidu toimimise lepingu terminoloogiat.
In light of the above, the Commission concludes that none of the examined measures complies with the market economy investor principle.
ELT C 120, 23.4.2014, lk 51.
The conditions of the interventions in each case conferred an advantage on the different entities concerned in the Duferco Group.
Edaspidi osutab komisjon pigem „Belgiale“ kui „Vallooni piirkonnale“ (välja arvatud juhul, kui seda nõuab kontekst), sest kirjavahetus toimus menetluse ja käesoleva otsusega hõlmatud liikmesriigiga.
They therefore constitute State aid within the meaning of Article 107(1) TFEU.
Vt joonealune märkus 2.
The total amount of aid is therefore EUR 211,43 million, in principle.
Komisjoni 25. novembri 1997. aasta otsus juhtumis N 680/97, Belgia, Vallooni regiooni kaasfinantseering äriühingus „Duferco Belgique SA“.
COMPATIBILITY OF THE AID WITH THE INTERNAL MARKET
Komisjoni 26. mai 1999. aasta otsus juhtumis N246/99, Belgia, Belgia riiklike ametiasutuste kaasfinantseering äriühingus HUGB (terasetootmine, ESTÜ).
The prohibition on State aid is neither absolute nor unconditional.
EÜT C 95, 19.4.2002, lk 2.
In particular, paragraphs 2 and 3 of Article 107 TFEU constitute legal bases allowing some aid measures to be considered compatible with the internal market.
Komisjoni 18. detsembri 1996. aasta otsus nr 2496/96/ESTÜ, millega kehtestatakse ühenduse eeskirjad terasetööstusele antava abi kohta (EÜT L 338, 28.12.1996, lk 42).
In its response to the Opening Decision, Belgium did not put forward any reason relating to the compatibility of the measures under investigation.
Komisjoni 15. oktoobri 2003. aasta otsus 2005/137/EÜ, mis käsitleb Vallooni piirkonna kaasfinantseeringut äriühingus Carsid SA (ELT L 47, 18.2.2005, lk 28).
The Commission observes that the derogations in Article 107(2) TFEU are clearly inapplicable.
Konfidentsiaalne teave.
Of the derogations in paragraph 3 of this Article, only points (a) and (c) could prove useful.
Duferco La Louvière Sales on SIFi kontrollitav ettevõtja.
Point (a) stipulates that aid to promote the economic development of areas where the standard of living is abnormally low or where there is serious underemployment may be considered to be compatible with the internal market.
Tuleb märkida, et Ernst & Young tegi vea, asendades eurod dollaritega.
Point (c) states that aid to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest may also be considered to be compatible with the internal market.
ELT C 14, 19.1.2008, lk 2.
However, no framework or guidelines from the Commission concerning the compatibility criteria relating to State aid seem to be applicable.
ELT C 83, 7.4.2009, lk 1.
Since the ECSC Treaty expired on 23 July 2002, the Commission has adopted various guidelines and communications to maintain the prohibition on regional aid for investment and rescue and restructuring aid to the steel industry.
Kohtuotsus, Euroopa Kohus, 16. mai 2002, Prantsusmaa vs. komisjon, C-482/99, ECLI:EU:C:2002:294, punkt 24.
Thus, paragraph 8 of the Guidelines on National Regional Aid for 2007-2013 [60], the period during which FSIH granted the aid under investigation, explicitly excludes regional aid to the steel industry from their scope and confirms that it is not compatible with the common market.
Kohtuotsus, Üldkohus, 4. aprill 2001, Regione Friuli Venezia Giulia vs. komisjon, T-288/97, ECLI:EU:T:2001:115, punkt 41.
Likewise, the Communication on aid for the steel sector [61], which was in force until 31 December 2009, states that rescue and restructuring aid for firms in difficulty in the steel sector is not compatible with the common market.
Kohtuotsus, Euroopa Kohus, 17. september 1980, Philip Morris Holland BV vs. komisjon, 730/79, ECLI:EU:C:1980:209, punktid 11 ja 12.
Only aid to cover payments payable by steel firms to workers made redundant or accepting early retirement and aid to steel firms which permanently cease production of steel products is authorised, under certain conditions.
Kohtuotsus, Euroopa Kohus, 11. juuli 1996, SFEI jt vs. La Poste, C-39/94, ECLI:EU:C:1996:285, punkt 60.
The purpose of the aid granted by FSIH does not correspond to the two aforementioned aid categories.
Kohtuotsus, Euroopa Kohus, 5. juuni 2012, komisjon vs. EDF, C-124/10P, ECLI:EU:C:2012:318, punkt 90.
On the contrary, it was used to finance investments.
Ettevõtja […] 23. juuni 2014. aasta märkused, punkt 24.
With regard to possible compatibility of the aid granted to SIF under the 2009 Communication, the Commission takes the view that the Communication does not apply to SIF.
11. detsembri 2013. aasta menetluse algatamise otsuse kohta tehtud Belgia märkuste allmärkus nr 2.
Point 4.4.2 of the 2009 Communication covers companies having difficulties in finding finance in the market circumstances between December 2008 and December 2010.
Kohtuotsus, Üldkohus, 28. veebruar 2012, Land Burgenland vs. komisjon, T-268/08 ja T-281/08, ECLI:EU:T:2012:90, punkt 72.
It does not seem from SIF's comments that it had this type of difficulty.
Belgia 11. detsembri 2013. aasta märkused, punkt 32.
The Commission therefore considers that SIF did not meet the eligibility conditions laid down by the 2009 Communication and that the aid cannot be deemed compatible with the internal market.
Kohtuotsus, Euroopa Kohus, 5. juuni 2012, komisjon vs. EDF, C-124/10P, ECLI:EU:C:2012:318, punktid 83–85.
Finally, point 18 of the Community Guidelines on State aid for rescuing and restructuring firms in difficulty [62], which were in force until 30 July 2014, confirms that the steel sector is excluded from their scope.
[…] märkused, punkt 42, lk 12.
In light of the above, the Commission concludes that the six aid measures under investigation are not compatible with the internal market.
29. novembri 2011. aasta, 29. juuni 2012. aasta ja 27. jaanuari 2015. aasta teabenõuded.
RECOVERY OF AID INCOMPATIBLE WITH THE INTERNAL MARKET
Belgia 4. juuni 2013. aasta vastus.
In accordance with the TFEU and the settled case-law of the Court of Justice, the Commission is competent, when it has found that aid is incompatible with the internal market, to decide that the State concerned must abolish or alter it [63].
Belgia 28. septembri 2012. aasta vastus.
The Court has also held on a number of occasions that the obligation to abolish aid incompatible with the internal market which a Commission decision imposes on a Member State has as its purpose to re-establish the previously existing situation [64].
Belgia 28. septembri 2012. aasta vastuse 1. lisa, lk 24 ja 6.
In this context, the Court has established that this aim is achieved once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to payment of the aid is restored [65].
See väärtus vastab KPMG tagantjärele hinnatud 2006. aasta EBITDA väärtuse ja tegelikult saavutatud EBITDA väärtuse aritmeetilisele keskmisele.
Article 16(1) of Council Regulation (EU) 2015/1589 [66] lays down: ‘Where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary …’.
Belgia 25. septembri 2015. aasta vastuse lisa, lk 2.
Consequently, since the measures in question were implemented in breach of Article 108 TFEU and must be considered aid that is unlawful and incompatible with the internal market, it must be recovered in order to re-establish the situation that existed on the market before the aid was granted.
[…] × 49,9 % FSIHi osaluse suurusest.
In this case, the aid was granted to the following companies: DII (Measure 1), [the company that controlled DPH at the time] (Measure 2), DSIH (Measure 3), [the parent company of the Duferco Group at the time] — which became […] — (Measure 4), SIF (Measure 5) and DLP (Measure 6), all subsidiaries of the Duferco Group in different countries.
USA dollari ja euro vahetuskurss 12. detsembri 2006. aasta seisuga oli 0,7550.
These companies or their possible legal successors must be required to repay the aid that was unduly received.
Belgia 8. aprilli 2015. aasta vastuse lisa 4, lk 6, „Kavandatav tehing“.
Recovery must also cover the period during which the beneficiaries received an advantage, i.e. between the time when the aid was made available to each beneficiary and when it was actually recovered, having regard to the criteria for defining an economic advantage and the calculation principles defined in Sections 7.1.4.1 to 7.1.4.5.
Belgia 15. septembri 2015. aasta vastus, lk 2.
In the context of Belgium's obligation of loyal cooperation within the framework of the recovery procedure, the amount of aid granted to [the parent company of the Duferco Group at the time] — which became […] — and to SIF will have to be established more precisely during the procedure, on the basis of information to be supplied by Belgium and taking into account, in particular, for the aid in the form of loans, the actual dates of payments or repayments as well as all other relevant circumstance reported by Belgium.
Belgia 8. aprilli 2015. aasta vastuse 4. lisa, lk 7, „Hinna põhjendus“.
In each case, the amounts to be recovered should include interest due until recovery takes place.
15. septembri 2015. aasta teabenõue.
CONCLUSION
USA dollari ja euro vahetuskurss 14. juuni 2006. aasta seisuga oli 0,7959.
The Commission finds that Belgium has unlawfully implemented the aid measures in question in breach of Article 108(3) of the TFEU.
Belgia 5. jaanuari 2012. aasta vastuse 20. lisa.
The Commission considers all the measures under investigation to be State aid incompatible with the internal market,
Vt näiteks Belgia 11. detsembri 2013. aasta vastus, punkt 86.
HAS ADOPTED THIS DECISION:
Belgia 4. juuni 2013. aasta vastuse 6. lisa, kulude ja tulude kokkuvõtlik tabel.
Article 1
Üldkohtu otsus, 30. aprill 1998, Cityflyer Express vs. komisjon, T-16/96, ECLI:EU:T:1998:78, punkt 51.
The following measures, unlawfully implemented by Belgium in breach of Article 108(3) of the Treaty on the Functioning of the European Union, constitute State aid incompatible with the internal market:
Põhjendus 167.
sale of a stake in Duferco US Investment Corporation to Duferco Industrial Investment for EUR 11581700;
Belgia 11. detsembri 2013. aasta märkused, punktid 255–279.
sale of a stake in Duferco Participations Holding Limited to [the company that controlled DPH at the time] for EUR 20362464;
Kohtuotsus, Üldkohus, 12. mai 2011, Nord-Pas-de-Calais piirkond vs. komisjon, T-267/08 ja T-279/08, ECLI:EU:T:2011:209, punkt 161.
purchase of a stake in Duferco Salvage Investments Holding, the beneficiary, for EUR [65-72 million].
Belgia 4. juuni 2013. aasta vastuse 13. lisa.
loan to [the parent company of the Duferco Group at the time] for EUR 2082723 in principle, in so far as the interest rate applied to the loan is below than 3,502 %;
ArcelorMittal, Nippon Steel&Sumitomo Metal Corporation, Tata Steel Limited, Nucor Corporation, United States Steel Corp., ThyssenKrupp AG, PAO Severstal, NLMK, Kobe Steel Ltd (Standard & Poors reitingud).
loan to Steel Invest & Finance for EUR 10413639 in principle, in so far as the interest rate applied to the loan is below 4,302 %;
SIFi märkuste punkt 28.
purchase of a stake in Duferco Long Products, the beneficiary, for EUR 100000000 million.
Hinnang tehti lähtuvalt intresside arvutusest, mis oleks tulnud tasuda 2008. aasta viitemäärade teatises toodud määra kohaselt, lahutades sellest tegelikult kohaldatud intressimäära alusel arvutatud intressid ning diskonteerides saadud summa kõnealuses teatises toodud määra alusel.
Article 2
Seejuures on intressi arvutus ja diskonteerimine tehtud simuleeritud ajavahemikke kasutades ligikaudse arvutuse teel (eeskätt arvutus aastate kaupa, arvestamata konkreetset tasumise kuupäeva, samuti ei arvestatud intresside osalist maksmist), mille puhul ei võetud arvesse finantsprofiili ja tegelikku tagasimaksmise ajakava.
Belgium shall recover the incompatible aid granted referred to in Article 1 from the direct beneficiaries or their legal successors.
Vt eelkõige käesoleva otsuse põhjendus 49.
The amounts to be recovered shall bear interest from the date on which they were placed at the disposal of the beneficiary until the date of their recovery.
Komisjon lahutas 100 miljoni euro suurusest kapitalisüstist Duferco Diversification loovutamise finantsnetomõju FSIHile (– 0,3 miljonit eurot).
The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 [67].
Menetluse algatamise otsusele Belgia antud vastuse 21. lisa.
Article 3
Menetluse algatamise otsusele Belgia antud vastuse 23. lisa.
Recovery of the aid referred to in Article 1 shall be immediate and effective.
Komisjoni 18. detsembri 1996. aasta otsus juhtumis 97/271/ESTÜ, Belgia – Forges de Clabecq (teras ESTÜ).
Belgium shall ensure that this Decision is implemented within four months following the date of its notification.
Otsus 2005/137/EÜ.
Article 4
ELT C 54, 4.3.2006, lk 13.
Within two months of notification of this Decision, Belgium shall communicate the following information to the Commission:
EÜT C 70, 19.3.2002, lk 21.
the total amount (principal and interest) to be recovered from each beneficiary;
ELT C 244, 1.10.2004, lk 2.
a detailed description of the measures already taken and planned to comply with this Decision;
Kohtuotsus, Euroopa Kohus,12. juuli 1973, komisjon vs. Saksamaa, C-70/72, ECLI:EU:C:1973:87, punkt 13.
the documents proving that the beneficiaries have been ordered to repay the aid.
Kohtuotsus, Euroopa Kohus, 14. september 1994, Hispaania vs. komisjon, C-278/92, C-279/92 ja C-280/92, ECLI:EU:C:1994:325, punkt 75.
Belgium shall keep the Commission informed of the progress of the national measures taken to implement this Decision until the recovery of the aid referred to in Article 1 has been completed.
Kohtuotsus, Euroopa Kohus, 17. juuni 1999, Belgia vs. komisjon, C-75/97, ECLI:EU:C:1999:311, punktid 64 ja 65.