natgillin/translations-raw huggingface dataset:
In this regard, point 84(a) of the Guidelines states that beneficiaries of restructuring aid must refrain from acquiring shares in any company during the restructuring period, except where indispensable to ensure the long-term viability of the beneficiary.
Procjena provedena na kraju 2015.
This obligation refers to acquisitions of shares made to expand the beneficiary's presence in existing or new markets via external growth, not to the rationalisation and use of existing means of production via internal growth.
Povjerljive informacije.
The Commission believes that, in this case, the creation of production joint ventures for the sole purpose of rationalising production facilities using existing assets, rather than acquiring and jointly exploiting new assets, cannot be considered an acquisition of shares, provided that the shareholders in the joint venture do not have individual drawing rights greater than their own contributions.
U sporazumu se naziva „Provisional Take Over Date”.
Similarly, for the purpose of implementing point 84(a) of the Guidelines in this case, the acquisition of undertakings with a view to decommissioning any assets they may hold is not considered an acquisition of shares.
Riječ je o datumu na koji, pod uvjetom da su ispunjeni zahtjevi raspoloživosti i izvedbeni zahtjevi predviđeni ugovorom, klijent preuzima elektranu i pušta je u rad.
On the decommissioning market, […] the owner of an undertaking holding assets that are to be decommissioned — such as a disused nuclear power plant — asks the service providers wishing to take on the decommissioning to form a consortium for the purpose of acquiring the undertaking and its decommissioning provisions, and to use those provisions to decommission the assets.
„Izdvajanje” postupak je odvajanja od društva koje se prenosi imovine ili djelatnosti koje nisu dio opsega prijenosa te, ako je to potrebno, dodjele pravne i operativne autonomije koju prethodno nisu imale.
For the undertakings in the acquiring consortium, and especially for the Areva Group, this scenario represents a specific way of continuing to provide the services it already provides, rather than an acquisition of shares allowing the Areva Group to expand its presence via external growth.
Na primjer, grupa Areva provela je modernizaciju svojih postrojenja za pretvaranje i obogaćivanje Comurhex II i Georges Besse II.
In the light of the above, the French authorities have undertaken to ensure that, throughout the restructuring period, the Areva Group (Areva SA and New Areva) and the undertakings under its control refrain from acquiring shares, directly or indirectly, in any undertaking that is not already under its control, with the exception of the following projects:
Ova brojka odgovara bruto dugovanju grupe Areva, odnosno bez uzimanja u obzir kratkoročne gotovine.
The Commission considers these projects essential to restoring the viability of the Areva Group, for the following reasons.
Vidjeti priopćenja za javnost EDF-a i grupe Areva od 13. travnja 2016.: www.edf.fr/groupe-edf/espaces-dedies/medias/tous-les-communiques-de-presse/epr-de-flamanville-etat-d-avancement-du-programme-d-essais-de-la-cuve i www.areva.com/FR/actualites-10753/epr-de-flamanville-etat-d-avancement-du-programme-d-essais-de-la-cuve.html
First of all, the Commission notes that these projects contribute EUR […] to restoring the long-term viability (2017-2025) of the Areva Group.
Prema tome, u skladu s izračunima e Areva i francuskih nadležnih tijela, na kraju 2019.
Since this figure is approximately the same as the annual EBITDA during this period, the Commission feels that these projects are essential for carrying out the restructuring plan.
Nova Areva raspolagat će koeficijentom neto duga/EBE-a S&P-a u iznosu od […] te koeficijentom operativnog novčanog tokagrup neto duga S&P-a od […].
Furthermore, some of these projects […] relate to the mining activities of the Areva Group.
Pojedinosti o tim troškovima i prikladnosti iznosa potpore njihovom pokrivanju analizirane su u dijelu 5.2.3.2. ove odluke.
In this regard, the Areva Group will be faced with the closure of a number of large mines, for example in […].
SL C 249, 31.7.2014., str. 1.
However, the mining business is a […] contributor to New Areva's long-term viability, as already explained in recital 371.
Vidjeti na primjer Odluku Komisije (EU) 2016/2068 od 29. srpnja 2013. o državnoj pomoći SA.35611 (13/C) koju Francuska namjerava provesti u korist grupe PSA Peugeot Citroën SA (SL L 325, 30.11.2016., str. 1.).
Given that economic cycles in this field are extremely long, it is essential for any business wishing to remain active therein in the long term to have an ongoing portfolio of mining projects at various stages of development.
Odluka Komisije (EU) 2015/119 od 29. srpnja 2014. o državnoj potpori SA.36874 (2013/C) (ex 2013/N) koju Poljska planira provesti u korist društva LOT Polish Airlines S.A. i o mjeri SA.36752 (2014/NN) (ex 2013/CP) koju je Poljska provela u korist društva LOT Polish Airlines S.A., uvodna izjava 269.
The Areva Group's mining projects included in points (a) to (d) of recital 390 are mainly aimed at replacing the capacity that will be lost […].
(SL L 25, 30.1.2015., str. 1.); Odluka Komisije 2012/397/EU od 24. listopada 2011. o državnoj potpori SA 32600 (2011/C) – Francuska – Potpora SNCF-a za restrukturiranje društva SeaFrance, uvodna izjava 155.
Moreover, the development of the activities of the Areva Group […], which is pursuing an ambitious nuclear energy development strategy, is also crucial to restoring its viability.
(SL L 195, 21.7.2012., str. 1.).
The projects in question take the form of joint ventures with the company […].
Smjernice, t.
Having analysed the projects […] listed under points (a), (d), (e), (g), (h), (j) and (q) of recital 390, the Commission believes that they are essential for the Areva Group's development strategy, which is itself crucial to the company's long-term viability.
87. (isticanja su dodala francuska nadležna tijela).
The same argument applies to the Areva Group's development projects […].[…].
Odluka Komisije 2009/174/EZ od 21. listopada 2008. o državnoj potpori C 35/04 Republike Mađarske u korist Postabank és Takarékpénztár Rt./Erste Bank Hungary Nyrt., uvodna izjava 57.
These projects […] are referred to in points (o) and (p) of recital 390.
(SL L 62, 6.3.2009., str. 14.); Odluka Komisije 2008/214/EZ od 18. srpnja 2007. o državnoj potpori C 27/2004 Češke Republike u korist društava GE Capital Bank a.s. i GE Capital International Holdings Corporation, uvodna izjava 86.
Another group of projects […] relates to […], which are dynamic markets on which the Areva Group must maintain a presence to ensure the success of its restructuring plan.
(SL L 67, 11.3.2008., str. 3.).
These projects are referred to in points (i) to (n) of recital 390.
Odluka Komisije 2014/189/EU od 28. prosinca 2012. o državnoj potpori SA.33760 (12/N-2, 11/C, 11/N); SA.33763 (12/N-2, 11/C, 11/N); SA.33764 (12 N-2, 11/C, 11/N); SA.30521 (MC 2/10); SA.26653 (C9/09); SA.34925 (12 N-2, 12/C, 12/N); SA.
Finally, the project referred to under point (f) of recital 390 relating to […].
34927 (12 N-2, 12/C, 12/N); SA.
The Commission may approve any other investment that proves to be indispensable to ensure the long-term viability of the Areva Group and is not a means of bypassing the obligation to limit the Group's presence on existing markets.
34928 (12 N-2, 12/C, 12/N) koju su proveli Kraljevina Belgija, Francuska Republika i Veliko Vojvodstvo Luksemburg u korist poduzetnika Dexia, DBB/Belfius i DMA, uvodna izjava 213.
The intention to make such an acquisition and the information allowing the Commission to verify whether these conditions are met and, where applicable, approve or not oppose the acquisition must be notified to the Commission within a reasonable time frame, as part of the process for monitoring the restructuring plan.
(SL L 110, 12.4.2014., str. 1.).
Secondly, in line with point 84(b) of the Guidelines, the French authorities have undertaken to ensure that the Areva Group (Areva SA and New Areva) refrain from publicising State support as a competitive advantage when marketing its products and services.
Vidjeti, među ostalim, odluku Komisije od 19. rujna 2006. u predmetu M.4153, Toshiba/Westinghouse, uvodne izjave 37. do 50.
Transparency of aid
Presuda Suda od 5. lipnja 2012., Komisija/EDF, C-124/10 P, ECLI:EU:C:2012:318, točke 84. i 104.
In accordance with point 38(g) of the Guidelines, Member States, the Commission, economic operators and the public must have easy access to all relevant acts and pertinent information about the aid awarded.
„Earnings before interest, taxes, depreciation and amortisation”, odnosno dobit prije kamata, poreza, deprecijacije i amortizacije.
This means that the provisions on transparency laid down in point 96 of the Guidelines must be complied with.
Odluka Komisije (EU) 2016/154 оd 22. srpnja 2015. o državnoj potpori SA.13869 (C 68/2002) (prije NN 80/2002) Reklasifikacija u kapital računovodstvenih rezerviranja nastalih izuzećem od oporezivanja za obnovu visokonaponske prijenosne mreže koju je provela Francuska u korist EDF-a, uvodne izjave 182. do 189.
The Commission notes that the French authorities have provided assurances that the transparency conditions laid down in point 96 of the Guidelines will be complied with.
(SL L 34, 10.2.2016., str. 152.).
In particular, the French authorities undertake to publish and make publicly available the information outlined in the communication [61] on transparency.
Vidjeti i presudu Općeg suda od 3. srpnja 2014., Kraljevina Španjolska, Ciudad de la Luz, SAU i Sociedad Proyectos Temáticos de la Comunidad Valenciana, SAU/Komisija, T-319/12, ECLI:EU:T:2014:604, točke 48. do 66.
This information will be available at https://www.legifrance.gouv.fr or at http://www.economie.gouv.fr/agence-participations-etat.
Vidjeti osobito članke 1., 2. i 52.
COMMITMENTS GIVEN BY FRANCE
Ugovora o Euratomu.
The Commission notes the commitments given by France under this procedure.
Vidjeti Odluku Komisije 2005/407/EZ od 22. rujna 2004. o državnoj potpori koju Ujedinjena Kraljevina namjerava izdvojiti za društvo British Energy plc (SL L 142, 6.6.2005., str. 26.) i Odluku Komisije (EU) 2015/658 od 8. listopada 2014. o mjeri potpore SA.34947 (2013/C) (ex 2013/N) koju Ujedinjena Kraljevina planira provesti za potporu jedinici C nuklearne elektrane Hinkley Point (SL L 109, 28.4.2015., str. 44.).
The French authorities have undertaken to ensure that:
Te tržišne udjele procijenila je grupa Areva.
the Areva Group's divestment of its reactors business is total, which means that Areva SA and New Areva will no longer have any capital link with New Areva NP following the notified restructuring plan.
Vidjeti, na primjer, predviđanja savjetodavnog društva UxC navedena u obavijesti.
during the restructuring period, the Areva Group does not increase the capacity of the Georges Besse II plant, with the exception of the acquisition and installation of centrifuges planned under its existing agreements […];
Vidjeti uvodnu izjavu 147.
Areva SA does not carry out any activities other than those specifically set out in the restructuring plan notified to the Commission;
2,5 milijardi EUR za 100 % kapitala Nove Areve NP i 60 milijuna EUR za prodaju Adwena.
during the restructuring period, EDF-controlled New Areva NP and New Areva do not enter into any strategic partnership or other framework agreement for commercial cooperation aimed at favouring New Areva in situations where New Areva NP wishes to provide a customer with an integrated offering alongside a supplier of nuclear material, in the markets identified in recitals 344 and 347 (supply of fuel assemblies and construction of new reactors).
Ovo se obrazloženje temelji na pretpostavci da će se prodaja Nove Areve NP EDF-u provesti u skladu s uvjetima SPA-a potpisanog 15. studenoga 2016.
This commitment does not prevent New Areva and New Areva NP from formulating joint bids, provided that New Areva was selected on the basis of commercial and technical criteria.
Prihod od prodaje Areve TA nije uračunat u plan likvidnosti Areve SA s obzirom na to da je njezin učinak neutralan u smislu novčanog toka jer će se njime izravno nadoknaditi [0 – 1 milijarde] EUR avansa kupaca koje je grupa Areva iskoristila preko Areve TA.
during the restructuring period, the Areva Group (Areva SA and New Areva) and the undertakings under its control refrain from acquiring shares, directly or indirectly, in any undertaking that is not already under its control, with the exception of the projects referred to in recital 390.
http://www.areva.com/EN/news-10858/olkiluoto-3-epr-new-milestones-achieved.html
This commitment does not apply to acquisitions of shares by New Areva and the companies it controls directly or indirectly, for the purposes of the financial management of (i) the decommissioning funds that the Areva Group is required to manage pursuant to a legal or regulatory requirement; (ii) the Areva Group's staff pension funds; (iii) its cash investments.
To je ukupni iznos od 3,4 milijarde EUR bankovnog duga, [0 – 1 milijarde] EUR troškova i rezerviranja za djelatnosti namijenjene prodaji i [0,5 – 1,5 milijardi] EUR negativnih operativnih novčanih tokova povezanih s dovršetkom projekta OL3 (bez pravnog rizika).
the Areva Group (Areva SA and New Areva) refrain from publicising State support as a competitive advantage when marketing its products and services.
Ovisno o tome hoće li biti plaćen dodatak cijeni za Novu Arevu NP.
CONCLUSIONS
To, na primjer, vrijedi za svaku odštetu koju će grupa Areva, kao članica Konzorcija, možda morati platiti TVO-u nakon presude Arbitražnog suda, koja neće biti donesena prije […].
The subscription by the French State to the capital injections in Areva SA and New Areva constitute State aid for restructuring of EUR 4,5 billion.
Direktiva Vijeća 2009/71/Euratom od 25. lipnja 2009. o uspostavi okvira Zajednice za nuklearnu sigurnost nuklearnih postrojenja (SL L 172, 2.7.2009., str.
This aid will comply with the criteria set out in the Guidelines and will therefore be compatible with the internal market when the existence of a real and actual own contribution at least equal to half the restructuring costs has been confirmed, i.e. when the conditions precedent identified in recital 318 and described in Article 2 of this Decision are lifted.
18.).
It follows that the aid cannot be implemented until these two conditions are met,
Direktiva Vijeća 2014/87/Euratom od 8. srpnja 2014. o izmjeni Direktive 2009/71/Euratom o uspostavi okvira Zajednice za nuklearnu sigurnost nuklearnih postrojenja (SL L 219, 25.7.2014., str.
HAS ADOPTED THIS DECISION:
42.).
Article 1
Zbog duljine rokova prodaja Nove Areve NP EDF-u ne može se provesti prije kraja 2017., odnosno do kraja roka za ocjenu, koji traje otprilike godinu i pol; rok je u ovom slučaju mogao biti skraćen uzimajući u obzir činjenicu da ASN savršeno poznaje EDF i grupu Areva, koji su već operatori baznih nuklearnih postrojenja u Francuskoj, što ne bi bio slučaj s drugim potencijalnim kupcem.
The State aid of EUR 4,5 billion that France plans to implement in favour of the Areva Group is compatible with the internal market pursuant to Article 107(3) of the Treaty on the Functioning of the European Union and the conditions laid down in Article 2 of this Decision.
Vidjeti članak 4. dekreta br. 2007-1557 od 2. studenoga 2007. o baznim nuklearnim elektranama i nadzoru u području nuklearne sigurnosti i prijevoza radioaktivnih tvari.
Article 2
Na temelju podataka dobivenih iz računa za 2014. koje je objavila grupa Areva: bruto poslovni višak od 711 milijuna EUR i neto dug od 5,8 milijuna EUR.
The implementation of the aid referred to in Article 1 of this Decision is conditional on the following being obtained:
Razlika između tih dvaju iznosa odnosi se na dodatak cijeni koji će možda platiti EDF za kupnju Nove Areve NP pod određenim uvjetima.
the ASN's conclusions on the results of the demonstration programme regarding the carbon segregation issue identified in parts of the Flamanville 3 EPR reactor vessel, to the effect that the parts of the vessel are not deemed unfit for use as a result of the segregation; or, alternatively, a decision by EDF, notified to the Areva Group with a view to completing the divestment of New Areva NP, to lift the condition precedent concerning the Flamanville 3 EPR reactor in relation to the carbon segregation identified in the parts of that reactor's vessel;
Manjinski su dioničari, prema padajućem redoslijedu njihova statusa, KIA (Kuwait Investment Authority) (5 %), javnost (4 %), EDF (2 %), zaposlenici (1 %), Total (1 %) i Areva (< 1 %).
the Commission's authorisation of the concentration between EDF and New Areva NP.
Eurodif je društvo kći grupe Areva zaduženo za djelatnost pretvaranja.
Article 3
Vidjeti na primjer Odluku (EU) 2016/2068.
The Areva Group's restructuring plan, as communicated by France, shall be implemented in its entirety.
Uredba Vijeća (EZ) br. 139/2004 od 20. siječnja 2004. o kontroli koncentracija između poduzetnika (Uredba EZ o koncentracijama) (SL L 24, 29.1.2004., str. 1.).
France shall communicate to the Commission half-yearly reports on the implementation of the restructuring plan, on the Areva Group's position on the markets where it operates, and on compliance with the commitments given by France under this Decision.
Osobito: Areva TA, Canberra, Adwen, Elta.
These reports shall be provided throughout the restructuring period, starting from the notification of this Decision.
Ta društva kćeri zajedno čine otprilike 5 % bilance grupe Areva prije restrukturiranja te zanemarivi dio njezina prometa, dok predviđena državna potpora čini gotovo 20 % bilance na dan 31. prosinca 2015. i polugodišnji promet prije restrukturiranja.
The first report shall reach the Commission within six months of the date of notification of this Decision.
Vrednovanje Areve NP koje je provela banka Société Générale, siječanj 2016.
France shall inform the Commission when one of the two events described in Article 2(a) of this Decision occurs.
Sam projekt OL3 – prvi projekt na kojem je primijenjena tehnologija EPR – na kraju je imao gubitke od otprilike 5,5 milijardi EUR.
Article 4
U prosincu 2016.
This Decision is addressed to the French Republic.
Urenco je imao rejting BBB+ (S&P).
Done at Brussels, 10 January 2017.
CNNC i Centrus (bivši Usec) raspolažu s po jednim dijelom tržišta u omjeru od [0 – 20] %, pri čemu Centrus više djeluje kao proizvođač, nego samo kao trgovac.
For the Commission
Te tržišne udjele procijenila je grupa Areva […].
Member of the Commission
Taj tržišni udio procijenila je grupa Areva.
OJ C 301, 19.8.2016, p. 2.
SL C 198, 27.6.2014., str. 30.
See footnote 1.
Odluka Komisije o pokretanju postupka (u daljnjem tekstu: odluka o pokretanju postupka) objavljena je u Službenom listu Europske unije [2] od 19. kolovoza 2016.
This entity is described in recital 33 of this Decision.
Komisija je pozvala zainteresirane treće strane da dostave primjedbe o predmetnoj potpori.
Spent fuel removed from a nuclear reactor is comprised of 94 % to 95 % (depleted) uranium and 1 % plutonium.
Poteškoće s kojima se suočava grupa Areva ponajprije proizlaze iz posljedica oštrog zaokreta na nuklearnom tržištu i pogoršanja gospodarske i financijske situacije od 2008.
Both can be recycled as ‘new’ fuel for nuclear power stations in the form of MOX (mixed oxide fuel).
Osim toga, grupa Areva pretrpjela je znatne gubitke u ograničenom broju industrijskih projekata.
In the rest of this Decision, any references to ‘the reactors business’ are understood to include fuel assemblies, unless otherwise specified.
Ugovor o prodaji potpisale su stranke u transakciji 15. prosinca 2016.
As they were shortly to be sold off, the activities of Areva NP, Areva TA and Canberra were not included in the consolidated turnover for the Areva Group in 2015.
Areva TA prodana je bez svojeg društva kćeri Elta, koje je predmet odvojene prodaje.
Confidential information.
Dana 16. prosinca 2016. grupa Areva i EDF dostavili su ASN-u konačno izvješće o tim ispitivanjima; ASN predviđa rok od pet mjeseci za analizu rezultata i objavljivanje konačnih zaključaka.
Referred to as the ‘Provisional Take Over Date’ in the agreement.
Grupa Areva upotrebljava i vlastite izvore financiranja u iznosu od otprilike [0 – 2 milijarde] EUR, podijeljene između strukturnog smanjenja u iznosu od [0 – 1 milijarde] EUR minimalnog praga gotovine i različitih ustupanja potraživanja za [0 – 1 milijarde] EUR.
This is the date when, assuming the contractual terms regarding availability and performance have been met, the plant is accepted and commissioned by the customer.
Pojedinosti o tim operacijama navedene su u uvodnoj izjavi 321. u nastavku.
A ‘carve-out’ is an operation to separate from an undertaking that is going to be sold assets or activities that will not be included in the sale and to give them, if needed, the operational and legal independence that they did not previously have.
Francuska nadležna tijela procijenila su da je grupi Areva potreban vlastiti kapital u iznosu od 5 milijardi EUR.
For example, the Areva Group decided to modernise its conversion and enrichment plants, Comurhex II and Georges Besse II.
Stoga je planom za restrukturiranje grupe Areva predviđen kapitalni doprinos u iznosu od 5 milijardi EUR, podijeljen kako slijedi:
This is the figure for the Areva Group's gross debt, i.e. without taking account of cash and cash equivalents.
Ugovor o gradnji ove elektrane […] sklopljen je 18. prosinca 2003. s Konzorcijem.
See EDF and Areva Group press releases of 13 April 2016: https://www.edf.fr/en/edf/flamanville-epr-advancement-of-reactor-vessel-testing-programme-areva and http://www.areva.com/EN/news-10753/flamanville-epr-advancement-of-reactor-vessel-testing-programme.html.
Početni datum isporuke bio je 30. travnja 2009.
According to calculations by the Areva Group and the French authorities, by the end of 2019 New Areva will have an S&P net debt/EBITDA ratio of […] and an S&P operational cash flow/net debt ratio of […].
Nakon brojnih kašnjenja Konzorcij je najavio novi datum isporuke u prosincu 2018.
The details of these costs and the suitability of the aid amount to cover them are analysed in section 5.2.3.2 of this Decision.
Ukupni iznos koji potražuje Konzorcij trenutačno iznosi oko [0 – 5 milijardi] EUR, dok iznos koji zahtijeva TVO za vlastite troškove i gubitke prema posljednjim procjenama TVO-a iznosi [0 – 5 milijardi] EUR.
OJ C 249, 31.7.2014, p. 1.
Dakle, ukupni iznosi koje potražuju obje stranke u arbitražnom sporu iznose otprilike [0 – 10 milijardi] EUR.
See, for example, Commission Decision (EU) 2016/2068 of 29 July 2013 on State aid SA.35611 (13/C) that France plans to implement in favour of the PSA Peugeot Citroën SA Group (OJ L 325, 30.11.2016, p. 1).
Dana 18. kolovoza 2016. konzorcij kupaca opisan u uvodnoj izjavi 27. podnio je ponudu kojom je vrijednost vrijednosnih papira Areve TA procijenjena na [0 – 2 milijarde] EUR.
Commission Decision (EU) 2015/119 of 29 July 2014 on the State aid SA.36874 (2013/C) (ex 2013/N) which Poland is planning to implement for LOT Polish Airlines SA and on the measure SA.36752 (2014/NN) (ex 2013/CP) implemented by Poland for LOT Polish Airlines SA, recital 269 (OJ L 25, 30.1.2015, p. 1); Commission Decision 2012/397/EU of 24 October 2011 on State aid SA 32600 (2011/C) — France — Restructuring aid to SeaFrance SA granted by the SNCF, recital 155 (OJ L 195, 21.7.2012, p. 1).
To se vrednovanje temelji na metodi diskontiranih novčanih tokova (engl. discounted cash flows; u daljnjem tekstu: metoda DCF) primijenjenoj na poslovni plan izrađen na temelju pretpostavku potvrđenih s kupcem.
Guidelines, point 87 (emphasis added by the French authorities).
Francuska nadležna tijela tvrde da će, uzimajući u obzir duljinu ciklusa nuklearne industrije, do glavnih gubitaka sinergija doći na kraju razdoblja koje premašuje financijske putanje grupe Areva (2016. – 2025.).