natgillin/translations-raw huggingface dataset:
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.
K tvrdeniam sťažovateľa 4 konštatuje Komisia nasledovné:
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.
Vzhľadom na skutočnosti uvádzané sťažovateľom 4 a správcami konkurzného konania, nie je možné celkovo rozpoznať, že riziko realizácie bolo v prípade ponuky spoločnosti Capricorn vyššie ako v prípade ponuky [uchádzača 2].
The business concept of the sellers will not be taken over by the acquirer.
Podľa výberových kritérií uvádzaných v odôvodnení 48 nebola výkonnosť uchádzačov výberovým kritériom.
The two existing race tracks (Grand-Prix track, Northern track) shall be used […] in the future, allowing […].
Podľa výberových kritérií uvádzaných v odôvodnení 48 nebola výška investície po predaji výberovým kritériom.
To this end, Capricorn intends to construct additional facilities and to equip the […].
Komunikácia prevádzateľov s [uchádzačom 2] počas výberového konania bola prijateľná.
Part of facilities build under Part II of the Nürburgring 2009 project will be turned down (e.g. […]).
[Uchádzačovi 2] nič nebránilo, aby svoju ponuku do rokovania výboru veriteľov 11. marca 2014 vylepšil alebo zmenil.
The ring card as payment system will be dropped.
Výčitka, že s [uchádzačom 2] bolo zaobchádzané horším spôsobom ako s inými uchádzačmi vrátane spoločnosti Capricorn, preto nie je oprávnená.
In the ring boulevard, the […].
V tejto súvislosti je potrebné uviesť, že [uchádzač 2] odovzdal potvrdzujúcu ponuku, dohodol zmluvu a ako druhý najlepší uchádzač so zabezpečeným financovaním smel podpísať konečný návrh zmluvy.
Furthermore, according to the plans of the acquirer, Nürburgring will be transformed from a touristic attraction to a technology cluster and industry pool.
Čo sa týka kritéria konečného rozhodnutia Komisie, je potrebné poukázať na skutočnosť, že prostriedky poskytnuté [uchádzačom 2] s výnimkou jednej tranže vo výške [7,1-7,6] milióna EUR mali zostať na blokovanom účte a mali byť prevedené prevádzateľom buď pri prijatí konečného rozhodnutia Komisie alebo ak by nadobúdateľ ani v prípade neprijatia konečného rozhodnutia Komisie neodstúpil od zmluvy (pričom nebolo vylúčené predĺženie lehoty na odstúpenie od zmluvy), tak do 31. marca 2015.
[…] should become one of the core activities at the race tracks.
Komisia preto sťažnosť sťažovateľa 4 zamieta ako neopodstatnenú, pretože predmetné aktíva boli predané uchádzačovi, ktorý v rámci otvoreného, transparentného, nediskriminačného a nepodmieneného výberového konania predložil najvyššiu ponuku vrátane dokladu o financovaní.
Through […] should be established.
Záver
[…] should be […] at Nürburgring.
Z uvedených dôvodov a na základe dostupných informácií nenašla Komisia žiadny dôkaz o porušení zásady otvoreného, transparentného, nediskriminačného a nepodmieneného výberového konania na predaj aktív spoločností NG, MSR a CMHN alebo o ponuke s bezpečným financovaním, ktorá by bola vyššia ako cenová ponuka spoločnosti Capricorn.
The acquirer itself will be more active as […].
ZÁVER
The buyer of the assets will thus not use the assets in the same way as the insolvent companies.
Komisia konštatuje, že časť opatrenia 2 (úver pre spoločnosť FSZ) ako aj opatrenia 8, 11 a 15 nepredstavujú štátnu pomoc v zmysle článku 107 ods. 1
On the contrary, Capricorn will integrate the acquired assets in its own business strategy, realising synergies, which justify its interest in buying the assets.
Komisia konštatuje, že Nemecko realizovalo neoprávnene opatrenie 1, časť opatrenia 2 (úver od spoločnosti NG pre spoločnosti EWN, MAN, TTI, Camp4Fun, BWN1, BWNB a BWN2) ako aj opatrenia 3 až 7, 9 a 10, 12 až 14 a 16 až 19, a tým porušilo článok 108 ods. 3 Zmluvy o fungovaní Európskej únie.
In comparison with the current operation model, Capricorn has developed a new concept of the exploitation of the assets.
Komisia dospela k záveru, že opatrenie 1, časť opatrenia 2 (úver od spoločnosti NG pre spoločnosti EWN, MAN, TTI, Camp4Fun, BWN1, BWNB a BWN2) ako aj opatrenia 3 až 7, 9 a 10, 12 až 14 a 16 až 19 v prospech spoločností Nürburgring GmbH, Motorsport Resort Nürburgring GmbH, Congress- und Motorsport Hotel Nürburgring GmbH, Cash Settlement and Ticketing GmbH, Nürburgring Automotive GmbH, Erlebnispark Nürburgring GmbH & Co.
Moreover, the operation of some of the assets has been structurally deficit making and it could therefore require further restructuring and optimisation.
KG, Motorsport Akademie Nürburgring GmbH & Co.
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.
KG, Test & Training International GmbH, Bike World Nürburgring GmbH, BikeWorld Nürburgring Besitz GmbH, BikeWorld Nürburgring GmbH, Camp 4 Fun GmbH & Co.
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.
KG, IPC Gesellschaft für internationale Projektcoordination mbH resp. MI-Beteiligungs- und Verwaltungs GmbH predstavovali štátnu pomoc v zmysle článku 107 ods. 1 a nie sú zlučiteľné s vnútorným trhom, keďže nie sú splnené príslušné podmienky usmernení o pomoci na záchranu a reštrukturalizáciu a žiadny iný základ pre ich zlučiteľnosť s vnútorným trhom zistený nebol.
Conclusion on the economic continuity of NG, MSR and CMHN through the sale of assets
Komisia ďalej dospela k nasledujúcemu záveru:
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.
Predaj aktív spoločností Nürburgring GmbH, Motorsport Resort Nürburgring GmbH a Congress- und Motorsport Hotel Nürburgring GmbH nepredstavuje štátnu pomoc.
Germany has informed the Commission that the buyer has not an economic or corporate link to NG, MSR or CMHN.
Predaj aktív spoločností Nürburgring GmbH, Motorsport Resort Nürburgring GmbH a Congress- und Motorsport Hotel Nürburgring GmbH nevedie k hospodárskej kontinuite medzi spoločnosťami Nürburgring GmbH, Motorsport Resort Nürburgring GmbH a Congress- und Motorsport Hotel Nürburgring GmbH a novým vlastníkom aktív, spoločnosťou Capricorn NÜRBURGRING Besitzgesellschaft GmbH alebo jej dcérskymi spoločnosťami.
The decision on the sale was taken prior to any potential negative Commission decision regarding the formal investigation procedure.
Preto sa eventuálne vymáhanie pomoci nezlučiteľnej s vnútorným trhom nevzťahuje na spoločnosť Capricorn NÜRBURGRING Besitzgesellschaft GmbH, ktorá prostredníctvom výberového konania nadobudla predané aktíva, alebo jej dcérskych spoločností –
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.
KG v období medzi 12. aprílom 2002 a marcom 2008 spoločnosťou Nürburgring GmbH;
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).
Opatrenie 8
When the decision of the Commission becomes final, the trustee will transfer all his shares in NewCo to the buyer.
Úvery od spoločnosti Investitions- und Strukturbank Rheinland-Pfalz GmbH pre spoločnosť Nürburgring GmbH z 28. júla 2010 vo výške 96574200 a 113590800 EUR, pre spoločnosť Motorsport Resort Nürburgring GmbH vo výške 92000000 EUR a pre spoločnosť Congress- und Motorsport Hotel Nürburgring GmbH vo výške 23100000 EUR;
The Commission notes that with this construction:
Opatrenie 11
the beneficiaries irreversibly exit the market and will not have any activity or receive any stream of money.
Prevod 33,8 % podielov v spoločnosti Motorsport Resort Nürburgring GmbH zo spoločnosti Geisler & Trimmel General Contractor GmbH na spoločnosť Nürburgring GmbH za cenu 1 EUR 25. marca 2010;
They will be liquidated as soon as their claims and obligations are settled and the necessary formalities are performed (see recital 55).
Prevod 6,7 % podielov v spoločnosti Motorsport Resort Nürburgring GmbH zo spoločnosti Weber Projektierungs- und Realisierungs GmbH na spoločnosť Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH za cenu 1 EUR 25. marca 2010.
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].
Predaj aktív spoločností Nürburgring GmbH, Motorsport Resort Nürburgring GmbH a Congress- und der Motorsport Hotel Nürburgring GmbH.
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.
Článok 2
Complaints from complainant 1 and 2
Nasledujúca štátna pomoc, ktorá bola Nemeckom neoprávnene realizovaná vo forme nižšie uvádzaných opatrení pri porušení článku 108 ods. 3 Zmluvy o fungovaní Európskej únie, je nezlučiteľná s vnútorným trhom:
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.
Kapitál vo forme navýšenia vlastného imania, ktorý bol poskytnutý spoločnosti Nürburgring GmbH 31. augusta 2004 vo výške 4398300 EUR a 4. septembra 2007 vo výške 9000000 EUR spolkovou krajinou Porýnie-Falcko a 31. augusta 2004 vo výške 488700 EUR a 4. septembra 2007 vo výške 1000000 EUR okresom Ahrweiler;
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).
Úvery v celkovej výške 6195170,02 EUR, ktoré boli poskytnuté spoločnosti Erlebnispark Nürburgring GmbH & Co.
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.
KG v období medzi 1. januárom 2006 a 29. aprílom 2009 spoločnosťou Nürburgring GmbH;
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;
Úvery vo výške 100000 EUR, ktoré boli poskytnuté spoločnosti Motorsport Akademie Nürburgring GmbH & Co.
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.
KG 10. decembra 2002 spoločnosťou Nürburgring GmbH;
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).
Úvery vo výške 25000 EUR, ktoré boli poskytnuté spoločnosti Test & Training International GmbH 15. augusta 2002 spoločnosťou Nürburgring GmbH;
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.
Úvery v celkovej výške 450000 EUR, ktoré boli poskytnuté spoločnosti Camp 4 Fun GmbH & Co.
On top of this, complainants 1 and 2 have identified no concrete piece of information that would hinder them from bidding.
KG v období medzi 26. májom 2009 a 18. decembrom 2009 spoločnosťou Nürburgring GmbH;
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.
Úvery v celkovej výške 500000 EUR, ktoré boli poskytnuté spoločnosti BikeWorld Nürburgring Besitz GmbH v období medzi 17. októbrom 2003 a 27. októbrom 2004 spoločnosťou Nürburgring GmbH;
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.
Úvery v celkovej výške 1660000 EUR, ktoré boli poskytnuté spoločnosti BikeWorld Nürburgring Besitz GmbH v období medzi 4. februárom 2004 a 22. júlom 2005 spoločnosťou Nürburgring GmbH;
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.
Úvery v celkovej výške 1600000 EUR, ktoré boli poskytnuté spoločnosti BikeWorld Nürburgring Besitz GmbH v období medzi 20. septembrom 2005 a 4. aprílom 2007 spoločnosťou Nürburgring GmbH;
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.
Opatrenie 3
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.
Úvery v celkovej výške 399805370 EUR, ktoré boli poskytnuté spoločnosti Nürburgring GmbH v období od 30. júna 2003 do 11. mája 2010 spolkovou krajinou Porýnie-Falcko;
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.
Opatrenie 4
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.
Úver vo výške 300000 EUR, ktorý bol poskytnutý spoločnosti Motorsport Resort Nürburgring GmbH 27. decembra 2007 spoločnosťou Nürburgring GmbH;
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.
Časť opatrenia 5
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.
Úvery v celkovej výške 11032060 EUR, ktoré boli poskytnuté spoločnosti Cash Settlement and Ticketing GmbH v období od 27. augusta 2008 do 18. apríla 2011 spoločnosťou Nürburgring GmbH;
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.
Odporúčajúci list spoločnosti NG pre spoločnosť CST z 23. decembra 2009, v ktorom sa spoločnosť NG do 31. decembra 2011 zaviazala, že prijme opatrenia, ktoré sú potrebné na odvrátenie platobnej neschopnosti spoločnosti CST;
Complaint from complainant 3
Podriadenie, ktoré spoločnosť NG vyhlásila 13. decembra 2010 vo vzťahu k jej pohľadávkam voči spoločnosti CST vo výške 10,4 milióna EUR;
The Commission notes that the indicative and the final offers from complainant 3 were not supported by evidence of its financing;
Opatrenie 6
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.
Odmena v celkovej výške 640000 EUR, ktorú zaplatila spoločnosť Nürburgring GmbH spoločnosti IPC Gesellschaft für internationale Projektcoordination mbH za služby pri hľadaní súkromných investorov;
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.
Úver vo výške 2941000 EUR, ktorý bol poskytnutý spoločnosti Motorsport Resort Nürburgring GmbH 15. októbra 2008 spoločnosťou Nürburgring GmbH;
In particular:
Opatrenie 7
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;
Odplata vo výške 1476830,88 EUR, ktorú spoločnosti MI-Beteiligungs- und Verwaltungs GmbH zaplatila spoločnosť Nürburgring GmbH za postúpenie pohľadávok spoločnosti MI-Beteiligungs- und Verwaltungs GmbH z úverov prijatých spoločnosťou Cash Settlement and Ticketing GmbH ako príjemcom úveru na spoločnosť Nürburgring GmbH uskutočnené 17. apríla 2009;
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;
Opatrenie 9
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;
Záruka poskytnutá 28. júla 2010 spolkovou krajinou Porýnie-Falcko na krytie záväzkov spoločností Nürburgring GmbH (96574200 EUR a 113590800 EUR), Motorsport Resort Nürburgring GmbH (92000000 EUR) a Congress- und Motorsport Hotel Nürburgring GmbH (23100000 EUR) z úverov poskytnutých v rámci opatrenia 8;
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.
Opatrenie 10
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.
Stanovenie nižšieho nájomného ako je trhové nájomné prostredníctvom spoločnosti Nürburgring GmbH, čo spoločnosti Nürburgring Automotive GmbH poskytlo v období od 1. mája 2010 do 31. októbra 2012 výhodu vo výške 9 miliónov EUR;
Instead, complainant 3 only provided the sellers with:
Opatrenie 12
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;
Záruka, ktorú poskytla spoločnosti Investitions- und Strukturbank Rheinland-Pfalz GmbH spolková krajina Porýnie-Falcko, na základe čoho mohla spoločnosť Motorsport Resort Nürburgring GmbH získať úver vo výške 85484000 EUR;
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).
Opatrenie 13
The Commission also notes that there is no demonstration that the alleged financing commitment of Jupiter Financial Group dated 26 March 2014 was ever submitted to the sellers.
Príspevky, ktoré poskytla spolková krajina Porýnie-Falcko spoločnosti Nürburgring GmbH z svojich príjmov z odvodov kasína 29. decembra 2009 (1,6 milióna EUR), 29. októbra 2010 (3,2 milióna EUR) a 29. marca 2011 (3,2 milióna EUR);
The Commission further notes that the sellers did not extend the deadline for the submission of a proof of the financing of the complainant 3's bid, because there was a high chance that [Bidder 2] would withdraw its bid in case of such extension.
Opatrenie 14
For example, with an e-mail of 13 January 2014, sent by the representative of [Bidder 2] to KPMG, [Bidder 2] declared that all requirements for the sale to be concluded should be fulfilled before 3 April 2014, otherwise [Bidder 2] would withdraw from the tender.
Úvery, ktoré poskytla spolková krajina Porýnie-Falcko spoločnosti Nürburgring GmbH 21. augusta 2007 (20 miliónov EUR), 22. decembra 2009 (10 miliónov EUR), 28. decembra 2010 (4,65 milióna EUR), 26. apríla 2011 (3,2 milióna EUR) a 9. decembra 2011 (4,95 milióna EUR);
In addition, it was considered by the sellers that the value of the assets could drop later in time also in view of a decreasing buyer's influence on the business in the upcoming 2014 season and of the necessity to start the booking of contracts for 2015.
Podriadenie spolkovej krajiny Porýnie-Falcko z 29. augusta 2007 voči spoločnosti Nürburgring GmbH vo vzťahu k jej pohľadávkam vo výške 20 miliónov EUR;
The Commission points out that complainant 3 was not hindered to submit the proof of the financing of his confirmatory bid in the final stage in the process, as long as no definite asset purchase agreement had been signed.
Opatrenie 16
In view of the above, the Commission considers the behaviour of the sellers as corresponding to the behaviour of a market economy vendor.
Úver vo výške 40405000 EUR, ktorý bol poskytnutý spoločnosti Nürburgring GmbH 11. januára 2011 spolkovou krajinou Porýnie-Falcko;
The evaluation of the bid of complainant 3 is therefore market-conform.
Príspevok vo výške 13,5 milióna EUR, ktorý spoločnosti Nürburgring GmbH poskytla v júli 2011 spolková krajina Porýnie-Falcko;
At the same time, the Commission notes that the sellers carried out discussions with [Bidder 2] and the final stage of the purchase agreement's negotiation with [Bidder 2] and Capricorn, in view of [Bidder 2]'s offer of EUR [32-39] million (see Table 10) and a confirmed negotiation between Capricorn and […] resulting in the latter bank's financial commitment dated 10 March 2014.
Opatrenie 17