natgillin/translations-raw huggingface dataset:
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.
Neljanda kaebaja ja pankrotihaldurite selgituste põhjal tuleb kokkuvõttes tõdeda, et Capricorni pakkumuse puhul ei oleks tehingu toimumise risk suurem kui [teise pakkuja] pakkumuse puhul.
The identity of the buyer
Põhjenduses 48 nimetatud valikukriteeriumide kohaselt ei olnud pakkujate suutlikkus valikukriteeriumiks.
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.
Põhjenduses 48 nimetatud valikukriteeriumide kohaselt ei olnud valikukriteeriumiks investeeringute suurus pärast võõrandamist.
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.
Võõrandajate suhtlemine [teise pakkujaga] pakkumismenetluse ajal oli vastuvõetav.
There is therefore no link between the Nürburgring group and its shareholders on the one hand and the new owner and its shareholders on the other hand.
[Teist pakkujat] ei takistatud oma pakkumust kuni võlausaldajate komisjoni 11. märtsi 2014. aasta koosolekuni suurendada või muuta.
Thus, the Commission concludes that the buyer is an independent entity from NG, MSR and CMHN.
Komisjon ei ole seega leidnud mingeid tõendeid selle kohta, et [teist pakkujat] oleks pakkumismenetluse käigus diskrimineeritud.
The moment of the sale
Etteheide, et [teist pakkujat] koheldi halvemini kui teisi pakkujaid, sh Capricorni, ei ole seega põhjendatud.
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.
Sellega seoses tuleb märkida, et [teine pakkuja] tegi kinnitava pakkumuse, pidas lepingu üle läbirääkimisi ja võis teise parima tagatud rahastusega pakkujana allkirjastada lepingu projekti lõpliku variandi.
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.
Komisjoni lõpliku otsusega seotud kriteeriumi kohta tuleb märkida, et kui välja arvata [7,1–7,6] miljoni euro suurune summa, jäävad [teise pakkuja] eraldatud vahendid blokeeritud kontole seisma ja kantakse võõrandajatele 31. märtsiks 2015 üle kas komisjoni lõpliku otsuse olemasolu korral või juhul, kui ostja ei soovi ka komisjoni negatiivse lõpliku otsuse korral lepingust loobuda (sealjuures ei ole loobumise tähtpäeva pikendamine välistatud).
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.
Järeldus
The payment of the first instalment of the price took place before the adoption of the present decision.
Eespool kirjeldatud põhjustel ja kättesaadava teabe põhjal ei ole komisjon leidnud ühtegi tõendit, et avaliku, läbipaistva, mittediskrimineeriva ja tingimusteta pakkumismenetluse põhimõtteid oleks NG, MSRi ja CMHNi varade müümisel või Capricorni pakkumusest suurema tagatud rahastusega pakkumuse suhtes rikutud.
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.
Komisjon märgib, et osa 2. meetmest (FSZle antud laen) ning 8., 11. ja 15. meede ei kujuta endast riigiabi artikli 107 lõike 1 tähenduses.
The economic logic of the operation
Komisjon leiab, et Saksamaa on võtnud 1. meetme, osa 2. meetmest (NG laen äriühingutele EWN, MAN, TTI, Camp4Fun, BWN1, BWNB ja BWN2) ning 3.–7., 9., 10., 12.–14. ja 16.–19. meetme õigusvastaselt ja on rikkunud sellega ELi toimimise lepingu artikli 108 lõiget 3.
The criterion of economic logic aims at assessing whether the buyer of the assets will employ them in the same way as the previous owner or whether it will use them to establish a different activity or strategy.
Komisjon on jõudnud järeldusele, et 1. meede, osa 2. meetmest (NG laen äriühingutele EWN, MAN, TTI, Camp4Fun, BWN1, BWNB ja BWN2) ning 3.–7., 9., 10., 12.–14. ja 16.–19. meede, millega on antud abi äriühingutele Nürburgring GmbH, Motorsport Resort Nürburgring GmbH, Congress- und Motorsport Hotel Nürburgring GmbH, Cash Settlement and Ticketing GmbH, Nürburgring Automotive GmbH, Erlebnispark Nürburgring GmbH & Co.
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.
KG, Motorsport Akademie Nürburgring GmbH & Co.
The business concept of the sellers will not be taken over by the acquirer.
KG, Test & Training International GmbH, Bike World Nürburgring GmbH, BikeWorld Nürburgring Besitz GmbH, BikeWorld Nürburgring GmbH, Camp 4 Fun GmbH & Co.
The two existing race tracks (Grand-Prix track, Northern track) shall be used […] in the future, allowing […].
KG, IPC Gesellschaft für internationale Projektcoordination mbH ja MI-Beteiligungs- und Verwaltungs GmbH, kujutavad endast riigiabi artikli 107 lõike 1 tähenduses ja on siseturuga kokkusobimatud, kuna päästmis- ja ümberkorraldusabi suuniste tingimusi ei ole täidetud ning muud põhjendust nende kokkusobimiseks siseturuga ei ole leitud.
To this end, Capricorn intends to construct additional facilities and to equip the […].
Lisaks teeb komisjon järgmised järeldused:
Part of facilities build under Part II of the Nürburgring 2009 project will be turned down (e.g. […]).
Nürburgring GmbH, Motorsport Resort Nürburgring GmbH ja Congress- und Motorsport Hotel Nürburgring GmbH varade võõrandamine ei kujuta endast riigiabi.
The ring card as payment system will be dropped.
Seega ei puuduta siseturuga kokkusobimatu riigiabi võimalik sissenõudmine Capricorn NÜRBURGRING Besitzgesellschaft GmbHd, kes ostis pakkumismenetluse teel võõrandatavad varad, ega tema tütarettevõtjaid,
In the ring boulevard, the […].
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
Furthermore, according to the plans of the acquirer, Nürburgring will be transformed from a touristic attraction to a technology cluster and industry pool.
Artikkel 1
[…] should become one of the core activities at the race tracks.
Järgmised Saksamaa võetud meetmed ei ole ELi toimimise lepingu artikli 107 lõike 1 tähenduses riigiabi.
Through […] should be established.
osa 2. meetmest:
[…] should be […] at Nürburgring.
laenud kogusummas 646738,12 eurot, mille Nürburgring GmbH andis Fahrsicherheitszentrum am Nürburgring GmbH & Co.
On the contrary, Capricorn will integrate the acquired assets in its own business strategy, realising synergies, which justify its interest in buying the assets.
Investitions- und Strukturbank Rheinland-Pfalz GmbH antud laenud Nürburgring GmbHle 28. juulil 2010 summas 96574200 eurot ja 113590800 eurot, Motorsport Resort Nürburgring GmbHle summas 92000000 eurot ning Congress- und Motorsport Hotel Nürburgring GmbHle summas 23100000 eurot;
In comparison with the current operation model, Capricorn has developed a new concept of the exploitation of the assets.
meede:
Moreover, the operation of some of the assets has been structurally deficit making and it could therefore require further restructuring and optimisation.
laenud kogusummas 85484000 eurot, mille Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH andis Motorsport Resort Nürburgring GmbHle ajavahemikul 27. maist 2008 kuni 7. juulini 2009;
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.
meede:
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.
Motorsport Resort Nürburgring GmbH 49,5 % osaluse võõrandamine Mediinvest GmbH poolt Nürburgring GmbHle 25. märtsil 2010. aastal hinnaga 1 euro;
Conclusion on the economic continuity of NG, MSR and CMHN through the sale of assets
Motorsport Resort Nürburgring GmbH 33,8 % osaluse võõrandamine Geisler & Trimmel General Contractor GmbH poolt Nürburgring GmbHle 25. märtsil 2010. aastal hinnaga 1 euro;
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.
Motorsport Resort Nürburgring GmbH 6,7 % osaluse võõrandamine Weber Projektierungs- und Realisierungs GmbH poolt Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbHle 25. märtsil 2010. aastal hinnaga 1 euro;
Germany has informed the Commission that the buyer has not an economic or corporate link to NG, MSR or CMHN.
Nürburgring GmbH, Motorsport Resort Nürburgring GmbH ja Congress- und Motorsport Hotel Nürburgring GmbH varade võõrandamine.
The decision on the sale was taken prior to any potential negative Commission decision regarding the formal investigation procedure.
Artikkel 2
As already described in recital 56 above, if there is no non-challengeable Commission decision at the beginning of 2015, the sold assets will be sold before 1 January 2015 to NewCo, in which 95,1 % of the shares will be owned by the buyer and 4,9 % by an independent trustee.
KGle 10. detsembril 2002;
The business of the OpCo will be run under its name, on the basis of its own business plan and with the workforce of its own choice.
laen 25000 eurot, mille Nürburgring GmbH andis Test & Training International GmbHle 15. augustil 2002;
There will be a lease fee of totally EUR [4,6-5,1] per year to be paid by OpCo to NewCo, which will serve the liquidation mass of the Nürburgring companies (all payments in favour of the insolvency estate are transferred to the trust accounts of the insolvency administrators, solely in order to be distributed to the creditors).
laenud kogusummas 450000 eurot, mille Nürburgring GmbH andis Camp 4 Fun GmbH & Co.
When the decision of the Commission becomes final, the trustee will transfer all his shares in NewCo to the buyer.
KGle ajavahemikul 26. maist 2009 kuni 18. detsembrini 2009;
The Commission notes that with this construction:
laenud kogusummas 500000 eurot, mille Nürburgring GmbH andis BikeWorld Nürburgring Besitz GmbHle ajavahemikul 17. oktoobrist 2003 kuni 27. oktoobrini 2004;
the beneficiaries irreversibly exit the market and will not have any activity or receive any stream of money.
laen kogusummas 399805370 eurot, mille Rheinland-Pfalzi liidumaa andis Nürburgring GmbHle ajavahemikus 30. juunist 2003 kuni 11. maini 2010;
They will be liquidated as soon as their claims and obligations are settled and the necessary formalities are performed (see recital 55).
meede:
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].
laen 300000 eurot, mille Nürburgring GmbH andis Motorsport Resort Nürburgring GmbHle 27. detsembril 2007;
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.
osa 5. meetmest:
Complaints from complainant 1 and 2
laenud kogusummas 11032060 eurot, mille Nürburgring GmbH andis Cash Settlement and Ticketing GmbHle ajavahemikul 27. augustist 2008 kuni 18. aprillini 2011;
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.
NG 23. detsembri 2009. aasta toetuskiri CSTle, milles NG võttis 31. detsembrini 2011 kohustuse võtta meetmeid, mis on vajalikud CST maksejõuetuse ärahoidmiseks;
The Nürburgring assets were split in eleven individual assets.
CST vastu olevate nõuete allutamine summas 10,4 miljonit eurot, millest NG teatas 13. detsembril 2010;
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.
meede:
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).
hüvitis kogusummas 640000 eurot, mille Nürburgring GmbH maksis IPC Gesellschaft für internationale Projektcoordination mbHle erainvestorite otsimise teenuse eest;
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.
laen 2941000 eurot, mille Nürburgring GmbH andis Motorsport Resort Nürburgring GmbHle 15. oktoobril 2008;
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;
meede:
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.
tasu 1476830,88 eurot, mille Nürburgring GmbH maksis MI-Beteiligungs- und Verwaltungs GmbHle 17. aprillil 2009. aastal toimunud MI-Beteiligungs- und Verwaltungs GmbH nõuete loovutamise eest Cash Settlement and Ticketing GmbH poolt võetud laenu eest;
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).
meede:
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.
garantii, mille andis 28. juulil 2010 Rheinland-Pfalzi liidumaa Nürburgring GmbHle (96574200 eurot ja 113590800 eurot), Motorsport Resort Nürburgring GmbHle (92000000 eurot) ja Congress- und Motorsport Hotel Nürburgring GmbHle (23100000 eurot) 8. meetme kaudu antud laenudest tekkinud kohustuste katteks;
On top of this, complainants 1 and 2 have identified no concrete piece of information that would hinder them from bidding.
meede:
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.
turul tavapärasest intressimäärast madalama renditasu kehtestamine Nürburgring GmbH poolt, mille tulemusena sai Nürburgring Automotive GmbH ajavahemikus 1. maist 2010 kuni 31. oktoobrini 2012 kasu 9 miljonit eurot;
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.
meede:
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.
garantii, mille Rheinland-Pfalzi liidumaa andis Investitions- und Strukturbank Rheinland-Pfalz GmbHle ja mille abil võis Motorsport Resort Nürburgring GmbH võtta laenu 85484000 eurot;
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.
meede:
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.
toetused, mille Rheinland-Pfalzi liidumaa maksis Nürburgring GmbHle hasartmängumaksu tulust 29. detsembril 2009 (1,6 miljonit eurot), 29. oktoobril 2010 (3,2 miljonit eurot) ja 29. märtsil 2011 (3,2 miljonit eurot);
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.
meede:
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.
laenud, mille Rheinland-Pfalzi liidumaa andis Nürburgring GmbHle 21. augustil 2007 (20 miljonit eurot), 22. detsembril 2009 (10 miljonit eurot), 28. detsembril 2010 (4,65 miljonit eurot), 26. aprillil 2011 (3,2 miljonit eurot) ja 9. detsembril 2011 (4,95 miljonit eurot);
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.
Nürburgring GmbH vastu olevate nõuete allutamine summas 20 miljonit eurot, millest Rheinland-Pfalzi liidumaa teatas 29. augustil 2007;
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.
meede:
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.
laen 40405000 eurot, mille Rheinland-Pfalzi liidumaa andis Nürburgring GmbHle 11. jaanuaril 2011;
Complaint from complainant 3
toetus 13,5 miljonit eurot, mille Rheinland-Pfalzi liidumaa andis Nürburgring GmbHle 2011. aasta juulis;
The Commission notes that the indicative and the final offers from complainant 3 were not supported by evidence of its financing;
meede:
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.
hüvitis, mille Nürburgring GmbH maksis Nürburgring Automotive GmbHle vormel 1 kontsessioonilepingu alusel 13. detsembrist 2010 kuni 27. novembrini 2012;
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.
meede:
In particular:
intressimaksete ajatamine summas 1,473 miljonit eurot, mille Investitions- und Strukturbank Rheinland-Pfalz GmbH andis Nürburgring GmbHle 15. mail 2012;
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;
intressimaksete ajatamine summas 1,205 miljonit eurot, mille Investitions- und Strukturbank Rheinland-Pfalz GmbH andis Motorsport Resort Nürburgring GmbHle 15. mail 2012;
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;
intressimaksete ajatamine summas 303000 eurot, mille Investitions- und Strukturbank Rheinland-Pfalz GmbH andis Congress- und Motorsport Hotel Nürburgring GmbHle 15. mail 2012;
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;
meede:
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.
vabastuskiri, mille Rheinland-Pfalzi liidumaa andis 15. mail 2012 seoses 8. meetme raames antud laenudest tekkinud Nürburgring GmbH, Motorsport Resort Nürburgring GmbH ja Congress- und Motorsport Hotel Nürburgring GmbH kohustustega 254 miljoni euro ulatuses;
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.
Nürburgring GmbH, Motorsport Resort Nürburgring GmbH ja Congress- und Motorsport Hotel Nürburgring GmbH suhtes 8. meetme alusel tekkinud nõuete allutamine allutamisotsuse hetkel tasumata summast 254 miljonit euro ulatuses, millest Rheinland-Pfalzi liidumaa teatas 15. mail 2012.
Instead, complainant 3 only provided the sellers with:
Artikkel 3
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;
Saksamaa nõuab artiklis 2 nimetatud meetmete kaudu antud ja siseturuga kokkusobimatu abi abisaajatelt sisse, sealhulgas Nürburgring Betriebsgesellschaft mbH-lt, kes on Nürburgring GmbH, Motorsport Resort Nürburgring GmbH ja Congress- und Motorsport Hotel Nürburgring GmbH majandustegevuse jätkaja.
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).
Pakkumismenetluse järel võõrandatud varade ostjat, Capricorn NÜRBURGRING Besitzgesellschaft GmbHd, ja tema tütarettevõtjaid kokkusobimatu riigiabi võimalik sissenõudmine ei puuduta.