natgillin/translations-raw huggingface dataset:
The tender came with conditions attached that appear likely to have lowered the value of the assets.
Kaks erasektori ettevõtjat lihtsalt leppisid omavahel hinnas kokku, ilma et teistel isikutel oleks olnud võimalus kõrgemat hinda pakkuda.
According to the tender conditions potential bidders could choose whether to make their bid with or without undertaking the ‘Commitments of the Transferee’ (for details see recitals 17 and 18).
Seepärast on kahtlus, kas Via Chem Slovakia makstud hind vastas turuhinnale, seotud ka Fortischemi makstud hinnaga.
The Commission considers that this possibility for one bidder to raise his bid after all the bids have been submitted is likely to discourage potential participants and/or have a negative impact on the bids that are made.
Ülalkirjeldatu põhjal järeldab komisjon, et hind, mille Via Chem Slovakia maksis NCHZ äritegevuse eest, ei olnud ilmselt tõeline turuhind, sest seda mõjutasid pakkumistingimused ja asjaolu, et pakkujad pidid esitama pakkumuse kogu vara kohta.
In fact, one of the elements that ensure that the highest price is achieved in a tender is the uncertainty as regards the prices offered by the other bidders.
Tehingu ulatus
If a bidder submitting a bid with commitments knows that his bid need only be the highest among the bids with commitments and that he will be able to match his bid to that of the highest bidder not undertaking the commitments, he may well put in a lower bid than if no opportunity to match is provided for in the tender conditions.
Majandusliku järjepidevuse vältimiseks peavad üleantavad varad ja muud äritegevuse elemendid moodustama vaid osa eelmisest äriühingust või selle tegevusest.
Furthermore, this condition could discourage bidders who do not wish to bid with commitments because they know that, even if their bid is the highest, it may be rejected because another buyer who is prepared to undertake the commitments can increase its bid.
Mida suurem on uuele üksusele üle antav äriühingu osa, seda suurem on tõenäosus, et üleantavate varadega seotud majandustegevuses saadakse jätkuvalt kasu siseturuga kokkusobimatust abist.
If this occurs, the bidder without commitments is not given the opportunity to re-bid and offer a higher purchase price.
Ehkki Slovakkia väidab, et tegu oli varade müügiga, viitavad müügitingimused tegelikult sellele, et äriühing müüdi tegevuse jätkuvuse põhimõtte alusel.
In view of the above, the tender conditions seem to give preference to bidders undertaking the commitments, since if two bidders offer the same price, one with commitments and one without, the bid with the commitments is preferred over the other one.
Nagu on märgitud põhjenduses 19, müüdi uuele omanikule kõik varad ja vähemalt osa üleantavatest kohustustest.
This would appear to be an indication that the price that would be achieved in the absence of the commitments could potentially be higher than the price offered by the winning bidder.
Fortischemi omandatud äritegevuse ulatus jääb samaks, kui see oli ajal, mil äritegevust viis ellu NCHZ.
It can reasonably be presumed that the obligation to fulfil the commitments has financial implications for the buyer which it takes into account when submitting its bid.
Seda on näha, kui võrrelda NCHZ tootmisprogrammi pankrotimenetluse alguses [29] praeguse tootmisprogrammiga, mida on kirjeldatud Fortischemi veebisaidil [30].
In the absence of the commitments, the price offered by that buyer would thus likely be higher.
Mõlemal juhul hõlmab tegevus peamiselt anorgaanilisi (elektrolüütilisi) kemikaale, sealhulgas kaltsiumkarbiidi, orgaanilisi kemikaale, polümeere ja PVC töötlemisel saadavaid tooteid.
Slovakia argues that even a bidder offering to accept commitments could not be sure that there would be no other bidder offering commitments with a potentially higher bid.
Kõiki 14 põhitoodet, mis andsid 2008. aastal 99 % NCHZ tulust [31], toodab ka Fortischem.
However, this does not undermine the fact that bidders without commitments were in general treated less favourably than bidders with commitments, and that potential bidders not willing to undertake the commitments could thereby have been discouraged from participating.
Seega on nii üleantud äritegevuse tootmisprogramm kui ka tulu jäänud samaks mis NCHZ-l.
Slovakia also argues that, in view of the total volume of the commitments, which exceeded EUR 11 million, it was highly unlikely that any bidder would submit a bid undertaking these commitments.
Samuti läks Fortischemi üle enam kui 95 % NCHZ 1412 töötajast.
It claims that, in particular in view of the price of only EUR 2 million offered during the first tender, no rational participant in the tender would have undertaken commitments with such financial implications.
Töötajaid mitte ei koondatud ega võetud seejärel uuesti Fortischemi tööle, vaid nende töölepingud lihtsalt anti Fortischemile üle.
The commitments in fact include investments of at least EUR 11 million.
Slovakkia väitel anti üle vähem kui 60 % äritegevusest eeskätt seetõttu, et tehing ei hõlmanud kinnisvara.
However, the investment is earmarked to finance measures ensuring compliance with the applicable environmental rules necessary for the continuation of chemical production.
Ent nagu on selgitatud eespool (vt põhjendus 134), rendib Fortischem Via Chem Slovakialt kemikaalide tootmiseks vajalikku kinnisvara (maa ja hooned).
Any bidder wishing to continue chemical production would need to make such an investment and this amount would thus need to be taken into account also by bidders not undertaking the commitments.
Kui kinnisvara kõrvale jätta, siis läksid kõik muud üleantud äritegevusega seotud varad, õigused ja kohustused üle Fortischemile.
While the other two commitments (referred to in recital 17) did have a potential effect on price, a buyer planning to maintain or even expand NCHZ's activities would not find those commitments excessively burdensome, considering the advantage granted in the tender to bidders with commitments.
Seega viib Fortischem ellu NCHZ äritegevust ja jätkab sama tootevalikuga.
Therefore, the possibility of a bid undertaking commitments cannot be discounted as ‘extremely improbable’ and this possibility was therefore liable to influence the price offered in the tender.
Lisaks jättis Fortischem alles NCHZ olemasoleva juhtkonna.
In addition, the sale was organised as a sale of the whole business as a going concern, i.e. with all the assets bundled together and no bidder could buy any asset separately.
Samuti teatas Fortischem NCHZ äritegevuse omandamise ajal ajakirjanduse vahendusel avalikult, et tal ei ole kavas teha personalis ega tootmises suuri muudatusi ja et ta säilitab olemasoleva juhtkonna [34].
This excluded the possibility of maximising the final price through bidding for partial areas of NCHZ's activities (while at the same time avoiding or limiting potential difficulties stemming from the possible discontinuation of operations).
Seega – mis puudutab tehingu ulatust, siis võttis Fortischem tulemuslikult üle kogu NCHZ majandustegevuse koos kõikide sellega seotud varade, õiguste ja kohustustega.
The Commission observes that the documents submitted by the Slovak authorities indicate that there were potential bidders who were interested in acquiring only some parts of NCHZ's business (for example, bluO Epsilon Limited was interested in acquiring only the carbide production facilities).
Asjaolu, et osa varadest ei kasutata mitte omandiõiguse, vaid rendilepingu alusel, ei muuda fakti, et Fortischem lihtsalt jätkab NCHZ majandustegevust samas ulatuses kui enne tehingu toimumist.
Therefore, it cannot be excluded that a sale of partial areas of NCHZ's business would not have led to a higher total sales price.
Peale selle väidavad kaks huvitatud isikut, kes esitasid oma märkused, ka seda, et Fortischem jätkab tegutsemist samal viisil, kui seda tegi NCHZ, pakkudes samadel geograafilistel turgudel sama tootevalikut, ning et ainus täheldatav muudatus on nime vahetumine.
The price was simply negotiated between the two private parties without any possibility for other parties to offer a higher price.
Omanike isik
Therefore, the doubts as to whether the price paid by Via Chem Slovakia corresponded to a market price also relate to the price paid by Fortischem.
Kui omandava äriühingu omanikud on samad mis müüva äriühingu omanikud, on see selge märk majanduslikust järjepidevusest.
In view of the above, it appears likely that NCHZ's assets were not sold in a manner that ensured the maximisation of revenue for the transferred business.
Käesolevas juhtumis ei suutnud komisjon koguda ühtegi tõendit, mis kinnitaks kaebuse esitaja väiteid, et NCHZ äritegevuse esialgsete omanike ja uute lõppomanike vahel on seos.
In view of the above, the Commission concludes that the price paid by Via Chem Slovakia for NCHZ's business was probably not a true market price, as the conditions of the tender as well as the fact that bidders had to bid for all assets bundled together had an impact on the price.
Otsesed omanikud on erinevad ja seda, kes on mõne Küprosel asuva otsese või kaudse emaettevõtja lõppomanikud, ei ole võimalik sõltumatute ja usaldusväärsete allikate abil kontrollida.
Scope of the transaction
Slovakkia ametiasutused esitasid siiski Fortischemi praeguse emaettevõtja Energochemica vande all antud ütlused, milles kinnitati, et Fortischemi omanikud ei ole NCHZ endiste omanikega mingil moel seotud.
In order to avoid economic continuity, the assets and other elements of the business transferred need to represent only a part of the previous company or its activities.
Kuna puuduvad tõendid, mis veenaksid vastupidises, eeldab komisjon, et Fortischemile üle antud NCHZ äritegevuse esialgsete ja uute omanike vahel ei ole mingit seost.
The larger the part of the original business that is transferred to a new entity, the higher the likelihood that the economic activity related to these assets continues to benefit from the incompatible aid.
Müügi ajastus
Although Slovakia claims that the sale was an ‘asset deal’, the terms of the sale actually indicate that the company was sold as a going concern.
Müük toimus pärast seda, kui komisjon oli algatanud seoses kaebusega esialgse uurimise ja edastanud kaebuse märkuste saamiseks riigile.
As indicated in recital 19 above, all assets and at least part of the transferable commitments were sold to the new owner.
Seega oli vähemalt Slovakkia riik teadlik võimalusest, et kõnealused meetmed võivad kujutada endast ebaseaduslikku ja siseturuga kokkusobimatut abi, mis tuleb tagasi nõuda.
The sale of NCHZ to Via Chem Slovakia was approved by the Slovak Competition Authority on 19 July 2012.
Tehingu majanduslik loogika
From this decision it is clear that the entire business of NCHZ, as a going concern, was the object of the notified merger and thus of the sale [28].
Majandusliku loogika kriteeriumi eesmärk on kontrollida, kas varade omandaja kasutab varasid samal viisil kui nende müüja või lisab need varad hoopiski enda kaubandusstrateegiasse ja saavutab sellega koostoime, mis õigustab tema huvi kõnealuste varade omandamise vastu.
The scope of activity of the business acquired by Fortischem remains the same as the previous scope of NCHZ's activities.
Fortischem omandas kogu NCHZ keemiaosakonna, st NCHZ äritegevuse põhiosa tegevuse jätkuvuse põhimõtte alusel koos 95 %ga töötajatest ning seotud õigustest ja kohustustest.
This is demonstrated by a comparison of the production programme of NCHZ at the very beginning of the bankruptcy proceedings [29] with the current production programme according to the website of Fortischem [30].
Nagu on näidatud eespool, on Fortischemi tootevalik ja tegevuse ulatus NCHZ omaga identsed.
In both cases, the main areas of activity of NCHZ and Fortischem respectively consist of inorganic (electrolytic) chemicals, including calcium carbide, organic chemicals, polymers and PVC processing products.
Samuti teatas Fortischem ajakirjanduse vahendusel avalikult, et tal ei ole kavas teha NCHZ äritegevuse elluviimises ja tegevuse ulatuses mingeid suuri muudatusi [35].
All 14 key products from these production areas, representing 99 % of NCHZ's revenue in 2008 [31], are also produced by Fortischem.
Ehkki Fortischem on osa suuremast äriühingute kontsernist Energochemica, ei tundu tal olevat teiste kontserni liikmetega mingit olulist koostoimet.
The revenue generated by the above products sold by Fortischem totalled EUR 161,3 million in 2013 [32].
Kuigi mõni kontserni liige tegutseb samuti keemiatööstuses, on nende tegevusvaldkond erinev (fotostabilisaatorid, fenoolvaigud, detergendid jne), mistõttu ei tundu sel olevat Fortischemi tegevusega mingit erilist seost.
This revenue is comparable to NCHZ's revenue of around EUR 150-160 million during the bankruptcy proceedings [33].
Seepärast ei toimunud kaubandusstrateegias mingit muutust ja Fortischem kasutab varasid samal viisil kui varade müüja.
Therefore, both the production programme and the revenue of the transferred business remained the same as those of NCHZ.
Järeldus NCHZ ning Fortischemi omandatud ja elluviidava majandustegevuse vahelise majandusliku järjepidevuse kohta
More than 95 % of NCHZ's 1412 employees were also transferred to Fortischem.
Kokkuvõttes tundub, et ainsad muudatused olid seotud äriühingu nimega ja juriidilise isikuga, kellele see kuulub.
The employees were not made redundant and then rehired by Fortischem, instead their employment contracts were simply transferred to Fortischem.
Pakkumistingimuste artiklis 1.2 on sätestatud, et NCHZ müüakse tervikuna, materiaalsete ja immateriaalsete varade kogumina ning koos personaliga.
Slovakia argues that less than 60 % of the business was transferred, in particular because no immovable property was included.
Ja lõpetuseks – NCHZ äritegevuse eest makstud hind ei kujuta endast tõenäoliselt turuhinda.
However, as explained above (see recital 134), Fortischem leases the immovable property (land and buildings) necessary for the chemical production from Via Chem Slovakia.
Seepärast järeldab komisjon, et NCHZ ja Fortischemi vahel on majanduslik järjepidevus.
Apart from the immovable property, all other assets, rights and obligations related to the transferred business were taken over by Fortischem.
Tulenevalt eespool öeldust on komisjon seisukohal, et eelis, mille Slovakkia NCHZ-le andis, kujutab endast ebaseaduslikku ja siseturuga kokkusobimatut riigiabi ning et selle NCHZ-le antud siseturuga kokkusobimatu riigiabi sissenõudmine peaks laienema ka äritegevuse uuele omanikule.
Fortischem thus runs the business of NCHZ and continues with the same product portfolio.
Oma pideva kohalolekuga turul saab Fortischem jätkuvalt kasu NCHZ majandustegevuse jaoks antud riigiabist ja jätkab turu moonutamist.
In addition, Fortischem also kept the existing NCHZ management.
JÄRELDUS
For example, the CEO of NCHZ before the transfer of the business has become the Chairman of the Board of Directors of Fortischem.
Komisjon järeldab, et Slovakkia valitsuse otsus kuulutada NCHZ strateegilise tähtsusega äriühingute seaduse alusel strateegiliseks äriühinguks ja kaitsta niimoodi äriühingut pankrotiõiguse tavapärase kohaldamise eest kujutas endast riigiabi ELi toimimise lepingu artikli 107 lõike 1 tähenduses.
At the time of the acquisition of the NCHZ business, Fortischem also publicly announced in the press that it did not plan any major changes as regards staff or production and that it would keep the existing management [34].
Samuti leiab komisjon, et seda abi anti ebaseaduslikult, pidamata kinni ELi toimimise lepingu artikli 108 lõikes 3 sätestatud teavitamiskohustusest ja rakendamiskeelust.
Therefore, as regards the scope of the transaction, Fortischem effectively took over all the economic activities of NCHZ, together with all the associated assets, rights and obligations.
Lõpetuseks järeldab komisjon, et selline abi on kokkusobimatu siseturuga, sest 2004. aasta päästmis- ja ümberkorraldamissuuniste asjakohased tingimused ei ole täidetud ja ühtki muud siseturuga kokkusobivuse põhjust ei ole kindlaks tehtud.
The fact that part of the assets are used on the basis of a lease contract rather than direct ownership does not change the fact that Fortischem simply continues with the economic activities of NCHZ in the same scope as before the transaction.
See abi tuleb NCHZ-lt sisse nõuda ja sissenõudekorraldust tuleks laiendada ka Fortischemile, kellel on NCHZga majandusliku järjepidevuse seos,
In addition, the two interested parties that submitted comments also claim that Fortischem continues to behave in the same way as NCHZ did, offering the same portfolio of products on the same geographic markets and that the only visible change is the change of name.
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
Therefore, Fortischem continues the business of NCHZ without any major changes in commercial, staff or production policy.
Artikkel 1
Identity of the owners
4783424,10 euro suurune riigiabi, mille Slovakkia NCHZ-le andis, kuulutades NCHZ strateegilise tähtsusega äriühingute seaduse alusel strateegiliseks äriühinguks ja kaitstes niimoodi kõnealust äriühingut pankrotiõiguse tavapärase kohaldamise eest, eraldati ebaseaduslikult, rikkudes ELi toimimise lepingu artikli 108 lõiget 3, ning see abi on siseturuga kokkusobimatu.
Where the owners of an acquiring company are the same as those of the selling company, this would be a strong indication of economic continuity.
Artikkel 2
In this case, the Commission was not able to collect any evidence that would confirm the claims of the complainant that there are links between the original and the new final owners of the NCHZ business.
Võlausaldajate komitee otsuse alusel tehtud otsus lubada NCHZ-l pärast kõnealuse seaduse aegumist edasi tegutseda ei kujutanud endast riigiabi ELi toimimise lepingu artikli 107 lõike 1 tähenduses.
However, the Slovak authorities submitted sworn statements by Energochemica, the current parent company of Fortischem, declaring that the owners of Fortischem are not in any way related to the former owners of NCHZ.
Slovakkia nõuab artiklis 1 nimetatud siseturuga kokkusobimatu abi NCHZ-lt sisse.
In the absence of any evidence to the contrary, the Commission presumes that there are no links between the original and the new owners of the NCHZ business transferred to Fortischem.
Võttes arvesse NCHZ ja Fortischemi vahelist majanduslikku järjepidevust, tuleks abi tagasimaksmise kohustust laiendada ka Fortischemile.
Timing of the sale
Sissenõutavatelt summadelt arvestatakse intressi alates kuupäevast, mil need anti NCHZ käsutusse, kuni nende tegeliku tagasimaksmiseni.
The sale took place after the Commission had opened the preliminary investigation into the complaint and forwarded the complaint for comments to the State.
Intress arvutatakse liitintressina vastavalt määruse (EÜ) nr 794/2004 [36] V peatükile ja määrusele (EÜ) nr 271/2008 [37], millega muudetakse määrust (EÜ) nr 794/2004.
Therefore, at least the Slovak State was aware that there was a possibility that the measures in question could constitute illegal and incompatible aid which would need to be recovered.
Artikkel 4
Economic logic of the operation
Artiklis 1 nimetatud abi tuleb sisse nõuda viivitamata ja tõhusalt.
The purpose of the economic logic criterion is to verify whether the acquirer of the assets uses them in the same way as the seller or whether, on the contrary, it integrates the assets into its own commercial strategy and thus realises synergies justifying its interest in acquiring these assets.
Slovakkia tagab käesoleva otsuse täitmise nelja kuu jooksul alates selle teatavakstegemise kuupäevast.
The acquisition by Fortischem involved the whole chemical division of NCHZ, i.e. the main part of NCHZ's business as a going concern, together with more than 95 % of the employees and related rights and obligations.
Artikkel 5
As demonstrated above, the production portfolio and the scope of activities of Fortischem are identical to those of NCHZ.
Kahe kuu jooksul alates käesoleva otsuse teatavaks tegemisest esitab Slovakkia järgmise teabe:
Fortischem also publicly announced in the press that it did not plan any major changes to the way the NCHZ business operated and to its scope of activities [35].
abisaajatelt sissenõutav kogusumma (põhisumma ja intress);
Even though Fortischem forms part of a larger group of companies, in the Energochemica group, there do not seem to be any major synergy effects with other members of the group.
käesoleva otsuse täitmiseks juba võetud ja kavandatavate meetmete üksikasjalik kirjeldus;
Even though some of them are also active in the chemical industry, their area of activity is different (light stabilisers, phenolic resins, detergents etc.), and consequently there does not seem to be any major connection with the activities of Fortischem.
dokumendid, millega kinnitatakse, et abisaajale on antud korraldus abi tagasi maksta.
Therefore, there was no change in the commercial strategy and Fortischem simply uses the assets in the same way as the seller.
Slovakkia teavitab komisjoni käesoleva otsuse täitmiseks võetud siseriiklike meetmetega seotud edusammudest seni, kuni artiklis 1 nimetatud abi on lõplikult tagasi makstud.
Conclusion on economic continuity between NCHZ and the economic activities acquired and operated by Fortischem
Komisjoni nõudmisel esitab ta viivitamata teabe käesoleva otsuse täitmiseks juba võetud ja kavandatavate meetmete kohta.
Overall, it appears that the only changes concern the name of the company and the legal entity to which it belongs.
Ta esitab ka üksikasjaliku teabe abisaajatelt juba tagasi saadud abisummade ja intressi kohta.
Article 1.2 of the tender conditions stipulates that NCHZ is intended to be sold in its entirety as a set of tangible and intangible assets together with its staff.
Artikkel 6
Article 3.1 of the sales agreement between Via Chem Slovakia and NCHZ dated 16 January 2012 states that ‘the going concern being transferred according to this Agreement includes all immovable assets, movable assets, other rights and property values that: (i) serve the operation of the going concern or, owing to their nature, are meant to serve such purpose, and (ii) as of the decisive date belong to the Seller’.
Käesolev otsus on adresseeritud Slovakkiale.
Furthermore, the acquirer continues with the production portfolio and commercial policy of NCHZ.
Brüssel, 15. oktoober 2014
Finally, the price paid for the NCHZ business probably does not constitute a market price.
Komisjoni nimel
Therefore, the Commission concludes that there is economic continuity between NCHZ and Fortischem.
Joaquín Almunia
As a consequence of the above, the Commission is of the view that the advantage granted by Slovakia to NCHZ constitutes unlawful and incompatible state aid, and that the recovery of this incompatible state aid granted to NCHZ is to be extended also to the new owner of the business.
Komisjoni 2. juuli 2013. aasta otsus C(2013) 3555 final (ELT C 297, 12.10.2013, lk 85).
With its continuous operational presence in the market, Fortischem continues to benefit from the state aid that was received for NCHZ's economic activities and continues to distort the market.
Kaebuse esitaja palus oma isikut mitte avalikustada.
CONCLUSION
Vt joonealune märkus 1.
The Commission concludes that the decision of the Slovak Government to declare NCHZ a strategic company under the Act, thereby sheltering it from the normal application of bankruptcy law, constituted state aid within the meaning of Article 107(1) of the Treaty.
Äriühingu omanik oli Küprosel registreeritud äriühing Disor Holdings Limited, kellel puudub deklareeritud majandustegevus ja kelle tegelikud omanikud ei ole avalikkusele teada.
The Commission also finds that such aid was unlawfully granted in breach of the notification and standstill obligation provided for by Article 108(3) of the Treaty on the Functioning of the European Union.
Trahv kehtestati komisjoni 22. juuli 2009. aasta otsusega, mis käsitles juhtumit COMP/39.396 – terase- ja gaasitööstusele mõeldud kaltsiumkarbiidil ja magneesiumil põhinevad reaktiivid (ELT C 301, 11.12.2009, lk 18).