natgillin/translations-raw huggingface dataset:
the Commission takes a non-challengeable decision implying that neither the buyer nor its operational company are beneficiaries of the aid under assessment subject to recovery; and (2a) either the delays to bring a legal challenge against the Commission decision have expired without an appeal; or (2b) in case of an appeal, a not further challengeable court judgment has been rendered confirming the Commission decision.
În plus, în ceea ce privește condiția referitoare la o decizie a Comisiei fără drept de apel, pe lângă suma de [7,1-7,6] milioane EUR, fondurile furnizate de [ofertantul 2] ar fi păstrate într-un cont blocat și transferate către vânzători fie la emiterea unei decizii fără drept de apel a Comisiei, fie, în cazul în care cumpărătorul nu s-a retras din contract în pofida faptului că nu a existat o astfel de decizie executorie a Comisiei, până la 31 martie 2015 (posibilitatea prelungirii perioadei în care există drept de retragere nu a fost exclusă).
In addition, Germany has stated that a Commission decision on the State aid to the Nürburgring was a condition in the asset purchase agreements mark ups provided by Capricorn, [Bidder 2] and [Bidder 3].
Concluzie
Fourthly, apart from limitations stemming from the legal framework, no conditions were set upon the tenderers, as clearly demonstrated in the tender's invitation to submit an expression of interest and the various letters sent to the bidders by KPMG.
Pentru motivele expuse mai sus, pe baza informațiilor disponibile, Comisia nu a identificat dovezi privind o încălcare a principiilor unei proceduri de licitație deschise, transparente, nediscriminatorii și necondiționate în ceea ce privește vânzarea activelor NG, MSR și CMHN, sau privind orice ofertă cu un preț mai mare și cu finanțare garantată comparativ cu oferta de preț prezentată de Capricorn.
It results that this selection process as such is sufficient for safeguarding that the price of the assets sold to the buyer corresponds to the market price.
CONCLUZIE
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.
Comisia constată că o parte din măsura 2 (împrumuturi acordate FSZ), precum și măsurile 8, 11 și 15 nu constituie ajutor de stat în sensul articolului 107 alineatul (1).
The identity of the buyer
De asemenea, Comisia constată că Germania a pus în aplicare în mod ilegal măsura 1, o parte din măsura 2 (împrumuturi acordate de GN întreprinderilor EWN, MAN, TTI, Camp4Fun, BWN1, BWNB și BWN2), precum și măsurile 3-7, 9 și 10, 12-14 și 16-19, încălcând articolul 108 alineatul (3) din Tratatul privind funcționarea Uniunii Europene.
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.
Comisia a ajuns la concluzia că măsura 1, o parte din măsura 2 (împrumuturi acordate de GN întreprinderilor EWN, MAN, TTI, Camp4Fun, BWN1, BWNB și BWN2), precum și măsurile 3-7, 9 și 10, 12-14 și 16-19 în favoarea Nürburgring GmbH, Motorsport Resort Nürburgring GmbH, Congress- und Motorsport Hotel Nürburgring GmbH, Cash Settlement and Ticketing GmbH, Nürburgring Automotive GmbH, Erlebnispark Nürburgring GmbH & Co.
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.
KG, Motorsport Akademie Nürburgring GmbH & Co.
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.
KG, Test & Training International GmbH, Bike World Nürburgring GmbH, BikeWorld Nürburgring Besitz GmbH, BikeWorld Nürburgring GmbH, Camp4Fun GmbH & Co.
Thus, the Commission concludes that the buyer is an independent entity from NG, MSR and CMHN.
KG, IPC Gesellschaft für internationale Projektcoordination mbH și, respectiv, MI-Beteiligungs- und Verwaltungs GmbH, constituie ajutor de stat în sensul articolului 107 alineatul (1) și sunt incompatibile cu piața internă, întrucât condițiile relevante din Liniile directoare S&R nu sunt îndeplinite și nu s-a identificat niciun alt temei de compatibilitate.
The moment of the sale
Comisia a concluzionat, de asemenea, că:
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.
vânzarea activelor Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH nu constituie ajutor de stat;
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.
vânzarea activelor Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH nu conduce la continuitate economică între Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH, pe de o parte, și capricorn NÜRBURGRING Besitzgesellschaft GmbH, noul proprietar al activelor, sau filialele sale, pe de altă parte.
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.
ADOPTĂ PREZENTA DECIZIE:
The payment of the first instalment of the price took place before the adoption of the present decision.
Articolul 1
Pursuant to the sales contract, the transfer of the assets is effective as of the date on which the present decision becomes non-challengeable.
Următoarele măsuri pe care Germania le-a pus în aplicare nu constituie ajutor de stat în sensul articolului 107 alineatul (1) din Tratatul privind funcționarea Uniunii Europene:
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.
O parte din măsura 2
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.
Măsura 8
The business concept of the sellers will not be taken over by the acquirer.
împrumuturile acordate de Investitions- und Strukturbank Rheinland-Pfalz GmbH întreprinderii Nürburgring GmbH la 28 iulie 2010 în cuantum de 96574200 EUR și 113590800 EUR, întreprinderii Motorsport Resort Nürburgring GmbH în cuantum de 92000000 EUR și întreprinderii Congress- und Motorsport Hotel Nürburgring GmbH în cuantum de 23100000 EUR;
The two existing race tracks (Grand-Prix track, Northern track) shall be used […] in the future, allowing […].
Măsura 11
To this end, Capricorn intends to construct additional facilities and to equip the […].
împrumuturile în valoare totală de 85484000 EUR, acordate de Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH întreprinderii Motorsport Resort Nürburgring GmbH între 27 mai 2008 și 7 iulie 2009;
Part of facilities build under Part II of the Nürburgring 2009 project will be turned down (e.g. […]).
Măsura 15
The ring card as payment system will be dropped.
transferul a 33,8 % din acțiunile Motorsport Resort Nürburgring GmbH de la Geisler & Trimmel General Contractor GmbH la Nürburgring GmbH pentru prețul de 1 EUR, efectuat la 25 martie 2010;
In the ring boulevard, the […].
transferul a 6,7 % din acțiunile Motorsport Resort Nürburgring GmbH de la Weber Projektierungs- und Realisierungs GmbH la Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH pentru prețul de 1 EUR, efectuat la 25 martie 2010;
Furthermore, according to the plans of the acquirer, Nürburgring will be transformed from a touristic attraction to a technology cluster and industry pool.
vânzarea activelor Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH nu constituie ajutor de stat.
[…] should become one of the core activities at the race tracks.
Articolul 2
Through […] should be established.
Măsura 1
[…] should be […] at Nürburgring.
capitalul sub forma unor transferuri la rezerva de capital, oferit de landul Renania-Palatinat întreprinderii Nürburgring GmbH în cuantum de 2179000 EUR la 1 mai 2002 și 22839241 EUR la 21 decembrie 2004;
Moreover, the operation of some of the assets has been structurally deficit making and it could therefore require further restructuring and optimisation.
KG în cuantum de 100000 EUR la 10 decembrie 2002;
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.
împrumuturile acordate de Nürburgring GmbH întreprinderii Test & Training International GmbH în cuantum de 25000 EUR la 15 august 2002
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.
împrumuturile acordate de Nürburgring GmbH întreprinderii Camp4Fun GmbH & Co.
Conclusion on the economic continuity of NG, MSR and CMHN through the sale of assets
KG în cuantum total de 450000 EUR între 26 mai 2009 și 18 decembrie 2009;
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.
împrumuturile acordate de Nürburgring GmbH întreprinderii BikeWorld Nürburgring Besitz GmbH în valoare totală de 500000 EUR între 17 octombrie 2003 și 27 octombrie 2004;
Germany has informed the Commission that the buyer has not an economic or corporate link to NG, MSR or CMHN.
împrumuturile acordate de Nürburgring GmbH întreprinderii BikeWorld Nürburgring GmbH în valoare totală de 1660000 EUR între 4 februarie 2004 și 22 iulie 2005;
In light of the above, the Commission concludes that there is no economic continuity between NG, MSR and CMHN and Capricorn, the buyer of the assets, or its operating company, which are therefore not liable for any State aid to be recovered from the beneficiaries.
împrumuturile în valoare totală de 399805370 EUR, acordate de landul Renania-Palatinat întreprinderii Nürburgring GmbH, de la 30 iunie 2003 până la 11 mai 2010;
The sales contract between the sellers and Capricorn includes a condition that foresees that the sale of the Nürburgring assets is final only upon the existence of a non-challengeable Commission decision declaring that the aid would not be recovered from the buyer of the assets.
împrumutul în valoare de 300000 EUR, acordat de Nürburgring GmbH întreprinderii Motorsport Resort Nürburgring GmbH la 27 decembrie 2007;
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.
O parte din măsura 5
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.
împrumuturile în valoare totală de 11032060 EUR, acordate de Nürburgring GmbH întreprinderii Cash Settlement and Ticketing GmbH, de la 27 august 2008 până la 18 aprilie 2011;
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).
scrisoarea de confort oferită de NG întreprinderii CST la 23 decembrie 2009, prin care NG se angajează să ia măsurile necesare până la 31 decembrie 2011 pentru a preveni insolvența CST;
When the decision of the Commission becomes final, the trustee will transfer all his shares in NewCo to the buyer.
subordonarea creanțelor NG împotriva CST, în valoare de 10,4 milioane EUR, declarată de NG la 13 decembrie 2010;
The Commission notes that with this construction:
Măsura 6
a real sale of the assets of the beneficiaries will take place within four months after the adoption of the present Decision;
taxe pentru servicii, în valoare totală de 640000 EUR, plătite de Nürburgring GmbH întreprinderii IPC Gesellschaft für Internationale Projektcoordination mbH pentru serviciile sale de căutare de investitori privați;
even if the closing of the operation takes place later, in the meantime, the buyer already controls the society which will own the assets by an overwhelming majority and the remaining part of the assets is owned by a trustee, which is independent from the beneficiaries of the aid and does not receive instructions from their creditors;
împrumutul în valoare de 2941000 EUR, acordat de Nürburgring GmbH întreprinderii Motorsport Resort Nürburgring GmbH la 15 octombrie 2008.
recovery is not suspended;
Măsura 7
the beneficiaries irreversibly exit the market and will not have any activity or receive any stream of money.
contraprestația în valoare de 1476830,88 EUR, furnizată de Nürburgring GmbH întreprinderii MI-beteiligungs- und Verwaltungs GmbH pentru cesiunea creanțelor celei din urmă, din împrumuturi luate de Cash Settlement and Ticketing GmbH în calitate de debitor, către Nürburgring GmbH, efectuată la 17 aprilie 2009;
They will be liquidated as soon as their claims and obligations are settled and the necessary formalities are performed (see recital 55).
Măsura 9
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].
garanția acordată de landul Renania-Palatinat la 28 iulie 2010, în valoare de 96574200 EUR și de 113590800 EUR pentru Nürburgring GmbH, 92000000 EUR pentru Motorsport Resort Nürburgring GmbH și 23100000 EUR pentru Congress- und Motorsport Hotel Nürburgring GmbH, pentru îndeplinirea obligațiilor Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH izvorâte din împrumuturile acordate în cadrul măsurii 8;
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.
Măsura 10
Complaints from complainant 1 and 2
stabilirea chiriei sub prețul pieței de către Nürburgring GmbH, ceea ce a condus la un beneficiu de 9 milioane EUR pentru Nürburgring Automotive GmbH, de la 1 mai 2010 până la 31 octombrie 2012;
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.
Măsura 12
The Nürburgring assets were split in eleven individual assets.
garanția acordată de landul Renania-Palatinat întreprinderii Investitions und Strukturbank Rheinland-Pfalz GmbH, care a permis Motorsport Resort Nürburgring GmbH să primească împrumuturi în valoare de 85484000 EUR;
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.
Măsura 13
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).
subvențiile acordate de landul Renania-Palatinat întreprinderii Nürburgring GmbH din veniturile landului Renania-Palatinat provenite dintr-o taxă pe jocuri de noroc, în valoare de 1,6 milioane EUR la 29 decembrie 2009, de 3,2 milioane EUR la 29 octombrie 2010 și de 3,2 milioane EUR la 29 martie 2011;
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.
Măsura 14
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;
împrumuturile acordate de landul Renania-Palatinat întreprinderii Nürburgring GmbH în valoare de 20 de milioane EUR la 21 august 2007, 10 milioane EUR la 22 decembrie 2009, 4,65 milioane EUR la 28 decembrie 2010, 3,2 milioane EUR la 26 aprilie 2011 și 4,95 milioane EUR la 9 decembrie 2011;
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.
subordonarea creanțelor sale din împrumutul din 29 august 2007, declarată de landul Renania-Palatinat pentru Nürburgring GmbH, în valoare de 20 de milioane EUR;
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).
Măsura 16
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.
împrumutul în valoare de 40405000 EUR acordat de landul Renania-Palatinat întreprinderii Nürburgring GmbH la 11 ianuarie 2011;
On top of this, complainants 1 and 2 have identified no concrete piece of information that would hinder them from bidding.
subvenția în valoare de 13,5 milioane EUR acordată de landul Renania-Palatinat întreprinderii Nürburgring GmbH în iulie 2011;
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.
Măsura 17
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.
compensația acordată de Nürburgring GmbH întreprinderii Nürburgring Automotive GmbH în schimbul concesiunii curselor de Formula 1 de la 13 decembrie 2010 până la 27 noiembrie 2012;
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.
Măsura 18
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.
reeșalonarea plăților dobânzii în valoare de 1,473 milioane EUR, acordată de către Investitions und Strukturbank Rheinland-Pfalz GmbH întreprinderii Nürburgring GmbH la 15 mai 2012;
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.
reeșalonarea plăților dobânzii în valoare de 1,205 milioane EUR, acordată de către Investitions und Strukturbank Rheinland-Pfalz GmbH întreprinderii Motorsport Resort Nürburgring GmbH la 15 mai 2012;
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.
reeșalonarea plăților dobânzii în valoare de 303000 EUR, acordată de către Investitions-und Strukturbank Rheinland-Pfalz GmbH întreprinderii Congress- und Motorsport Hotel Nürburgring GmbH la 15 mai 2012;
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.
Măsura 19
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.
subordonarea datoriei, vizând creanțele sale din cadrul măsurii 8, declarată de landul Renania-Palatinat pentru Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH la 15 mai 2012, în valoarea sumei restante a creanței subordonate, până la suma de 254 de milioane EUR, în momentul în care a fost adoptată decizia pentru subordonarea datoriei;
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.
garanția oferită de landul Renania-Palatinat la 15 mai 2012 pentru îndeplinirea datoriilor Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH din împrumuturile acordate în cadrul măsurii 8, în valoare de 254 de milioane EUR.
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.
Articolul 3
Complaint from complainant 3
Germania recuperează ajutorul incompatibil acordat, astfel cum se menționează la articolul 2, de la beneficiari, inclusiv Nürburgring Betriebsgesellschaft mbH în calitate de succesor economic al Nürburgring GmbH, Motorsport Resort Nürburgring GmbH și Congress- und Motorsport Hotel Nürburgring GmbH.
The Commission notes that the indicative and the final offers from complainant 3 were not supported by evidence of its financing;
Orice eventuală recuperare a ajutorului de stat incompatibil nu va viza capricorn NÜRBURGRING Besitzgesellschaft GmbH, cumpărătorul activelor vândute în urma licitației, sau filialele sale.
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.
Sumele de recuperat sunt purtătoare de dobândă începând de la data la care au fost puse la dispoziția beneficiarilor până la momentul recuperării lor efective.