natgillin/translations-raw huggingface dataset:
In particular, the quasi-freeze of wage scales and employment in the civil service in the period 2003-2004 is expected to have favourable base effects in the future, thereby having a significant structural impact.
Zlasti od navidezne zamrznitve plačilnih lestvic in števila zaposlitev v javnih službah za obdobje 2003 - 2004 se pričakuje, da bo imela v prihodnje ugodne osnovne učinke in zato znaten strukturni vpliv.
In addition, the Portuguese authorities estimate that the ongoing comprehensive reform in the healthcare sector has already had, in 2003, some positive effects on both expenditure savings and productivity gains.
Portugalski organi poleg tega ocenjujejo, da so bili s celovito reformo področja zdravstvenega varstva v letu 2003 že doseženi nekateri pozitivni učinki na zmanjšanje odhodkov in povečanje produktivnosti.
The Commission 2004 Spring forecast projects a general government deficit of 3,4 % of GDP for 2004, thereby significantly above the official target of a deficit of 2,8 % of GDP.
Spomladanska napoved 2004 Komisije napoveduje javnofinančni primanjkljaj v višini 3,4 % BDP v letu 2004, kar znatno presega uradni cilj 2,8 % BDP.
on the existence of an excessive deficit in the Netherlands
o obstoju čezmernega primanjkljaja na Nizozemskem
Having regard to the observations made by the Netherlands,
ob upoštevanju pripomb Nizozemske,
Council Regulation (EC) No 3605/93 of 22 November 1993 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community [1] lays down detailed rules and definitions for the application of the provisions of the said Protocol.
Uredba Sveta (ES) št. 3605/93 z dne 22. novembra 1993 o uporabi Protokola o postopku v zvezi s čezmernim primanjkljajem, ki je priloga k Pogodbi o ustanovitvi Evropske skupnosti [1], določa podrobna pravila in opredeljuje pojme v zvezi z uporabo določb navedenega protokola.
Article 104(5) of the Treaty requires the Commission to address an opinion to the Council if the Commission considers that an excessive deficit in a Member State exists or may occur.
Člen 104(5) Pogodbe od Komisije zahteva, da ta predloži svoje mnenje Svetu, če meni, da v neki državi članici obstaja čezmeren primanjkljaj ali da bi do njega lahko prišlo.
The Commission addressed such an opinion to the Netherlands to the Council on 19 May 2004.
Komisija je 19. maja 2004 predložila Svetu takšno mnenje glede Nizozemske.
Having examined all relevant factors taken into account in its report in accordance with Article 104(3) and having regard to the opinion of the Economic and Financial Committee in accordance with Article 104(4), the Commission concluded in its opinion of 19 May 2004 that there exists an excessive deficit in the Netherlands.
Po pregledu vseh pomembnih dejavnikov, ki jih je v skladu s členom 104(3) upoštevala v svojem poročilu, in ob upoštevanju mnenja Ekonomskega-finančnega odbora v skladu s členom 104(4) je Komisija v svojem mnenju z dne 19. maja 2004 prišla do zaključka, da na Nizozemskem obstaja čezmerni primanjkljaj.
The overall assessment leads to the conclusion that the general government deficit reached 3,2 % of GDP in 2003 in the Netherlands and that the breach of the 3 % of GDP Treaty reference value occurred in spite of substantial savings measures by the authorities.
Iz celovite ocene je mogoče sklepati, da je leta 2003 javnofinančni primanjkljaj na Nizozemskem znašal 3,2 % BDP, s čimer je bila, kljub obširnim varčevalnim ukrepom nizozemskih organov, prekoračena referenčna vrednost 3 % BDP, ki jo določa Pogodba.
According to the Commission, the breach of the 3 % of GDP threshold in 2003 is mainly due to the impact of the economic slowdown.
Po mnenju Komisije je do prekoračitve praga 3 % BDP v letu 2003 prišlo predvsem zaradi gospodarske upočasnitve.
However, the excess of the general government deficit over the 3 % of GDP reference value does not result from an unusual event outside the control of the Dutch authorities, nor is it the result of a severe economic downturn in the sense of the Stability and Growth Pact, which is defined as a fall in real GDP of at least 2 %.
Vendar do prekoračitve javnofinančnega primanjkljaja nad referenčno vrednostjo 3 % BDP ni prišlo zaradi izrednega dogodka, na katerega nizozemski organi niso mogli vplivati, niti zaradi resnega gospodarskega upada, ki ga Pakt za stabilnost in rast opredeljuje kot letno zmanjšanje realnega BDP za vsaj 2 %.
Even after taking into account the additional measures decided by the authorities on 16 April 2004, which were not included in the Commission Spring 2004 forecast, there is a risk that the general government deficit could be above 3 % of GDP also in 2004.
Četudi se upoštevajo dodatni ukrepi, ki so jih nizozemski organi sprejeli 16. aprila 2004 in niso bili upoštevani v Spomladanski napovedi Komisije za leto 2004, obstaja možnost, da bo javnofinančni primanjkljaj tudi leta 2004 presegel 3 % BDP.
This suggests that the breach of the 3 % of GDP Treaty reference value for the deficit may not be temporary.
To kaže na možnost, da prekoračitev referenčne vrednosti 3 % BDP, ki jo za primanjkljaj določa Pogodba, morda ni začasna.
Finally, the debt ratio, which is projected to reach 56,3 % of GDP in 2004 according to the Commission Spring forecast, will continue to be below the 60 % of GDP Treaty reference value in that year,
Delež dolga, ki naj bi po Spomladanski napovedi Komisije leta 2004 dosegel 56,3 % BDP, bo tega leta ostal pod referenčno vrednostjo 60 % BDP, ki jo določa Pogodba –
From an overall assessment it follows that an excessive deficit exists in the Netherlands.
Celovita ocena kaže, da na Nizozemskem obstaja čezmerni primanjkljaj.
Regulation as last amended by Commission Regulation (EC) No 351/2002 (OJ L 55, 26.2.2002 p. 23).
Uredba, kakor je bila nazadnje spremenjena z Uredbo Komisije (ES) št. 351/2002 (UL L 55, 26.2.2002, str. 23).
of 15 October 2003
z dne 15. oktobra 2003
on the Walloon region’s financial stake in Carsid SA
o finančni udeležbi Valonske regije v podjetju Carsid SA
(notified under document number C(2003) 3527)
(notificirana pod dokumentarno številko K(2003) 3527)
(Only the Dutch and French versions are authentic)
(Besedili v francoskem in nizozemskem jeziku sta edini verodostojni)
Having regard to Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty [1],
ob upoštevanju Uredbe Sveta (ES) št. 659/1999 z dne 22. marca 1999 o načinih uporabe člena 93 Pogodbe ES [1],
Having called on interested parties to submit their comments [2], and having regard to their comments,
po povabilu zainteresiranih strank, da predložijo svoje pripombe [2] in ob upoštevanju teh pripomb,
By letter dated 17 October 2001, Belgium notified the Commission of the Walloon region’s plan to acquire a stake in the capital of a new steel company, Carsid SA.
S pismom z dne 17. oktobra 2001 je Belgija Komisiji prijavila projekt posredovanja Valonske regije v kapitalu nove jeklarne, Carsid SA.
Further information was sent to the Commission by letters dated 20 November 2001 and 14 February 2002.
Dopolnilne informacije je Komisiji sporočila s pismi z dne 20. novembra 2001 in 14. februarja 2002.
By letter dated 3 April 2002, the Commission informed Belgium that it had decided to initiate the procedure laid down in Article 6(5) of Commission Decision No 2496/96/ECSC of 18 December 1996 establishing Community rules for State aid to the steel industry [3].
V pismu z dne 3. aprila 2002 je Komisija Belgijo seznanila s svojo odločitvijo o začetku postopka, predvidenega v členu 6(5) Odločbe Komisije št. 2496/96/ESPJ z dne 18. decembra 1996, ki uvaja predpise o pomoči jeklarski industriji [3].
The Commission decision to initiate the procedure was published in the Official Journal of the European Communities [4].
Odločitev Komisije o začetku postopka je bila objavljena v Uradnem listu Evropskih skupnosti [4].
The Commission invited interested parties to submit their comments on the measure.
Komisija je povabila zainteresirane stranke, naj predložijo svoje pripombe o obravnavanem ukrepu.
The Commission received comments from interested parties.
Komisija je od zainteresiranih strank prejela pripombe o tej zadevi.
It forwarded them to Belgium, which was given the opportunity to react; its comments were received by letters dated 17 June, 6 September, 22 October and 25 November 2002.
Posredovala jih je Belgiji in ji dala možnost, da jih komentira, ter prejela njene komentarje s pismi dne 17. junija, 6. septembra, 22. oktobra in 25. novembra 2002.
THE COMPANIES WITH A HOLDING IN CARSID
PODJETJA, KI SO FINANČNO UDELEŽENA V PODJETJU CARSID
The Société wallonne de gestion et de participations (Sogepa) is a Walloon Region holding company which, amongst other things, took over the activities of the Société wallonne pour la sidérurgie (SWS).
Valonska družba za upravljanje in finančno udeležbo (Sogepa) je holding Valonske regije, ki je, med drugim, prevzela dejavnosti Valonske družbe za jeklarstvo (SWS).
In the steel industry, its object, as part of Wallonia’s general economic policy, is to promote the creation or expansion of companies and to promote public industrial initiatives.
V jeklarskem sektorju ima ta družba v okviru splošne gospodarske valonske politike nalogo, da pospešuje ustanavljanje ali širitev podjetij, ter spodbuja nacionalno industrijo.
At the time of notification, Sogepa had a 25 % stake in the capital of the Belgian steel producer Cockerill Sambre.
Na dan obvestila je bila družba Sogepa udeležena v kapitalu belgijskega jeklarskega proizvajalca Cockerill Sambre v višini 25 %.
It also held 25 % of the capital of Duferco Clabecq (see recital 9 of this Decision), Duferco La Louvière (see recital 11) and Duferco Belgium (see recital 12).
V svoji lasti je imela tudi 25 % kapitala družbe Duferco Clabecq (glej uvodno izjavo (9) te odločbe), Duferco La Louvière (glej uvodno izjavo (11)) in Duferco Belgium (glej uvodno izjavo (12)).
Sogepa’s holding in Cockerill Sambre was exchanged on 17 December 2001 for an 8 % holding in the capital of Usinor, which, in turn, became, at the beginning of 2002, a 4,25 % stakeholder in the capital of Arcelor (see recital 7).
Udeležba družbe Sogepa v družbi Cockerill Sambre je bila spremenjena 17. decembra 2001 v zameno za 8 % udeležbo v kapitalu družbe Usinor, ki pa se je v začetku leta 2002 spremenila v 4,25 % udeležbo v kapitalu družbe Arcelor (glej uvodno izjavo (7)).
Sogepa’s holding in Duferco Clabecq was reduced to 5,91 % following the operation to reduce capital through absorption of losses carried out on 8 August 2002 and the ensuing capital increase carried out by Duferco Investment.
Udeležba družbe Sogepa v družbi Duferco Clabecq se je po zmanjšanju kapitala z absorpcijo izgub 8. avgusta 2002 zmanjšala na 5,91 %, temu pa je sledilo povečanje kapitala, ki ga je izvršila družba Duferco Investment.
Similarly, Sogepa’s direct holding in Duferco La Louvière virtually disappeared following the capital reduction through loss absorption carried out on 8 November 2001 and the ensuing capital increase carried out by Duferco Belgium.
Prav tako je neposredna udeležba družbe Sogepa v Duferco La Louvière po zmanjšanju kapitala z absorpcijo izgub, ki so nastale 8. novembra 2001, praktično izginila,, sledilo pa ji je povečanje kapitala, ki ga je izvedla družba Duferco Belgium.
Usinor Belgium SA is a holding company of the Usinor group in Belgium.
Usinor Belgium SA je holding združenja Usinor v Belgiji.
The French Usinor group was, until the end of 2001, one of the main European steel groups.
Francosko združenje Usinor je bilo do konca 2001 eno glavnih evropskih jeklarskih združenj.
At the beginning of 2002, the Usinor group merged with the Luxembourg group Arbed and the Spanish group Aceralia, creating the group Arcelor, the world’s largest steel producer.
Na začetku leta 2002 se je združenje Usinor združilo z luksemburškim združenjem Arbed in španskim združenjem Aceralia, ter na ta način ustanovilo združenje Arcelor, ki je prvi svetovni proizvajalec jekla.
Duferco Investment SA (Duferco Investment) is a holding company of the Duferco group.
Duferco Investment SA (Duferco Investment) je holding združenja Duferco.
The Duferco is a private, Italian-Swiss group specialising in trading in steel products (including raw materials), but which also produces flat and long carbon steel products.
Slednje je privatno italijansko švicarsko združenje, specializirano za dejavnosti trgovanja z jeklarskimi proizvodi (vključno s surovinami), ki pa je tudi proizvajalec dolgih in ploščatih karbonskih jekel.
In 2001, the group had a worldwide turnover of USD 3,2 billion.
Leta 2001 je združenje realiziralo svetovni promet v višini 3,2 milijarde ameriških dolarjev.
In Belgium, Duferco Investment controls two steel production companies, Duferco Clabecq and Duferco La Louvière.
V Belgiji Duferco Investment vodi dve podjetji za proizvodnjo jekla, Duferco Clabecq in Duferco La Louvière.
These two companies pay Duferco Investment, for the services provided by the group to the Belgian companies, an annual fee of […] [5] of their turnover, this annual fee being broken down into an agency fee ([…]) and a management fee ([…]).
Ti dve družbi plačujeta Duferco Investment letno provizijo […] [5] od njunega letnega prometa za storitve združenja belgijskim podjetjem, ki se sorazmerno deli na zastopniško provizijo ([…]) in provizijo za upravljanje ([…]).
Duferco Clabecq is the company set up by the Duferco group and the Walloon authorities (through the SWS) to take over the company Forges de Clabecq [6], which had been insolvent since 3 January 1997.
Duferco Clabecq je družba, ki so jo ustanovili združenje Duferco in valonski organi (preko družbe SWS) z namenom nakupa podjetja Forges de Clabecq [6], ki je bilo v stečaju od 3. januarja 1997.
The SWS contributed to the capitalisation of Duferco Clabecq through a cash injection of some EUR 8,6 million and by providing a subordinated loan of some EUR 13,6 million (75 % guaranteed by the Duferco group).
Družba SWS je za kapitalizacijo Duferco Clabecq prispevala delež okoli 8,6 milijonov eurov, kakor tudi pogojevano posojilo za okoli 13,6 milijonov eurov (z garancijo združenja Duferco do 75 %).
In its Decision, the Commission noted that the company’s business plan anticipated a positive operating margin as from the second year of operation and profitability as from the fifth year.
V tej odločbi je Komisija ugotovila, da je poslovni načrt podjetja predvideval pozitivno obratovalno maržo od drugega leta obratovanja ter sprostitev dobičkov od petega leta dalje.
The following table shows some financial indicators of Duferco Clabecq up to 30 September 2001:
Spodnja tabela prikazuje nekatere finančne indikatorje družbe Duferco Clabecq do 30. septembra 2001:
Source: Company annual accounts.
Vir: Letni poslovni zaključki podjetja.
Financial years running from 1.10 to 30.9.
Poslovno leto od 1.10. do 30.9.
(in million EUR)
(v mio. EUR)
Capital + reserves
Kapital + rezerve
Operating profit or loss
Rezultat obratovanja
Profit or loss before tax
Rezultat pred davki
Total losses
Kumulirane izgube
14,3– years running from 1.10 to 30.9.
14,3– leto od 1.10. do 30.9.
14,9– years running from 1.10 to 30.9.
14,9– leto od 1.10. do 30.9.
Duferco La Louvière is the company set up by Duferco Investment and the Walloon authorities (through the SWS) in order to acquire the company Hoogovens-Usines Gustave Boël [7], which had since October 1998 been operating under a court-approved arrangement with creditors.
Duferco La Louvière je družba, ki so jo ustanovili Duferco Investment in valonski organi (preko družbe SWS) z namenom nakupa podjetja Hoogovens-Usines Gustave Boël [7], ki je bilo od oktobra 1998 v postopku prisilne poravnave.
The SWS contributed to the capitalisation of Duferco La Louvière through a capital injection of some EUR 17,8 million and by providing a subordinated loan of some EUR 27,8 million (75 % guaranteed by the Duferco group).
Družba SWS je za kapitalizacijo Duferco La Louvière prispevala delež v višini okoli 17,8 milijonov eurov, kot tudi pogojevan kredit za okoli 27,8 milijonov eurov (z garancijo združenja Duferco do 75 %).
In its Decision, the Commission noted that the company’s business plan anticipated profitability being achieved as from the year 2000.
V tej odločbi je Komisija ugotovila, da je poslovni načrt podjetja predvideval dobiček od leta 2000 dalje.
In addition, so as to contribute to the financing of the additional investment to be carried out by Duferco La Louvière, Duferco Investment and Sogepa set up the holding company Duferco Belgium which was to take a stake in the capital of Duferco La Louvière.
Poleg tega sta Duferco Investment in Sogepa z namenom, da bi prispevala k financiranju dodatnih investicij Duferco La Louvière, ustanovila holding Duferco Belgium, ki je moral prevzeti udeležbo v kapitalu Duferco La Louvière.
Sogepa would contribute to the capitalisation of Duferco Belgium through an injection of some EUR 15,6 million and a subordinated loan of some EUR 24,3 million (75 % guaranteed by the Duferco group).
Sogepa je prispevala za kapitalizacijo Duferco Belgium delež v višini okoli 15,6 milijonov eurov, kakor tudi pogojevano posojilo za okoli 24,3 milijonov eurov (z garancijo združenja Duferco do 75 %).
On 20 September 2001, Duferco Belgium had agreed to loans amounting to some EUR 36 million to finance the investments being carried out by Duferco La Louvière.
Do 20. septembra 2001 je Duferco Belgium odobril posojila v znesku za okoli 36 milijonov eurov za financiranje investicij Duferco La Louvière.
In the financial year ending 30 September 2001, Duferco Belgium reported a loss of EUR 31209.
V poslovnem letu, zaključenem 30. septembra 2001, je Duferco Belgium poročal o izgubi 31209 eurov.
The following table shows a number of financial indicators for Duferco La Louvière up to 30 September 2001:
Spodnja tabela prikazuje nekatere finančne indikatorje Duferco La Louvière do 30. septembra 2001:
49,4– years running from 1.10 to 30.9.
49,4– leto od 1.10. do 30.9.
43,1– years running from 1.10 to 30.9.
43,1– leto od 1.10. do 30.9.
41,7– years running from 1.10 to 30.9.
41,7– leto od 1.10. do 30.9.
35,9– years running from 1.10 to 30.9.
35,9– leto od 1.10. do 30.9.
36,9– years running from 1.10 to 30.9.
36,9– leto od 1.10. do 30.9.
79,1– years running from 1.10 to 30.9.
79,1– leto od 1.10. do 30.9.
DETAILED DESCRIPTION OF THE MEASURE
PODROBEN OPIS UKREPA
Following the announcement by the Chairman of the Usinor Sacilor group in February 2001 that he intended to close down Cockerill Sambre’s hot-rolling line in Charleroi, talks were entered into between Usinor-Cockerill Sambre, the Duferco group and Sogepa primarily with a view to setting up a joint venture to produce slabs based on Cockerill Sambre’s existing mill in Charleroi together with the plant owned by Duferco Clabecq (continuous casting) [8].
Po objavi predsednika združenja Usinor Sacilor v mesecu februarju 2001 o svoji nameri, da ukine aktivnosti linije vročega valjanja družbe Cockerill Sambre v kraju Charleroi, so Usinor-Cockerill Sambre, združenje Duferco in Sogepa začeli z razpravami, katerih glavni predmet je bila ustanovitev skupne družbe za proizvodnjo bram, za katero bi kot industrijsko orodje uporabili obstoječa postrojenja v družbi Cockerill Sambre v kraju Charleroi, dopolnjena z opremo iz družbe Duferco Clabecq (kontinuirano vlivanje) [8].
The talks culminated in a memorandum of understanding on the formation of Carsid, signed on 12 October 2001.
Te razprave so pripeljale do Sporazuma o ustanovitvi družbe Carsid, podpisanega dne 12. oktobra 2001.
The Walloon Region’s intervention consists of a stake held by Sogepa in the new steel company, Carsid SA.
Posredovanje valonske regije pomeni udeležbo družbe Sogepa v osnovnem kapitalu nove jeklarske družbe Carsid SA.
Cockerill Sambre’s contribution in kind consisted of plant broadly corresponding to the integrated production line at the Charleroi site and the electric production line at the Marcinelle site.
Vložek v naravi družbe Cockerill Sambre je predstavljala proizvodna panoga, ki grosso modo odgovarja zaključeni proizvodnji liniji lokacije Charleroi in liniji električne proizvodnje lokacije Marcinelle.
Duferco’s cash contribution was used almost immediately for the purchase of the Clabecq wide-strip continuous casting plant.
Doprinos združenja Duferco v gotovini je bil namenjen za takojšen nakup linije kontinuiranega vlivanja za široke trakove in za ostale pomožne naprave družbe Clabecq.
This plant was valued by an independent company in November 2001, which put its value in use at EUR 25 million.
Za ta postrojenja je novembra 2001 strokovno mnenje izdelalo neodvisno podjetje, ki je uporabno vrednost ocenilo na 25 milijonov eurov.
Immediately after the company was set up, Cockerill sold 40 % of its holding in Carsid to Usinor Belgium and 18,33 % to Duferco (at a price of EUR […] million payable as from […]).
Takoj po ustanovitvi je Cockerill prepustil 40 % svoje udeležbe v družbi Carsid družbi Usinor Belgium in 18,33 % združenju Duferco (za ceno […] milijonov eurov, ki jih je bilo treba plačati od […]) dalje.
Consequently, Carsid’s capital is currently divided between Usinor Belgium (40 %) and Duferco (60 %).
Zaradi tega je kapital družbe Carsid zdaj razdeljen med Usinor Belgium (40 %) in Duferco (60 %).
Following the planned contributions by Sogepa and Duferco Investment, the final holding of Sogepa in Carsid will be 11,25 %, with the other shareholders holding 58,75 % (Duferco Investment) and 30 % (Usinor Belgium SA) of Carsid’s capital.
Po predvidenih doprinosih družbe Sogepa in Duferco Investment bo končna udeležba družbe Sogepa v družbi Carsid 11,25 %, ostali delničarji pa imajo 58,75 % (Duferco Investment) in 30 % (Usinor Belgium SA) kapitala družbe Carsid.
THE OPERATING PRINCIPLES OF CARSID
NAČELA DELOVANJA DRUŽBE CARSID
Carsid will have two slab production plants: an integrated casting plant with an annual capacity of 1,8 million tonnes which will serve Duferco, and an electric plant whose output will be shared between Cockerill ([…]) and the Walloon companies belonging to Duferco ([…]).
Družba Carsid bo razpolagala z dvema postrojenjema za vlečenje žice v proizvodnji bram, in to eno postrojenje za žico iz integralne litine, s proizvodnjo kapaciteto 1,8 milijonov ton na leto, ki bo namenjena družbi Duferco, ter električnim postrojenjem za vlečenje žice, katere proizvodnja bo razdeljena med družbo ([…]) in valonska podjetja združenja Duferco ([…]).
However, during a transitional period […], most of Carsid’s output will serve Cockerill Sambre.
Vendar pa bo v prehodnem času […], večina proizvodnje družbe Carsid namenjena družbi Cockerill Sambre.
As a result of the operation, the Clabecq blast furnace, with an annual steel production capacity of around 1,5 million tonnes, will be definitively closed down.
Rezultat operacije je dokončno zapiranje visoke peči družbe Clabecq, s proizvodno kapaciteto jekla okoli 1,5 milijonov ton na leto.
Carsid will produce exclusively for the companies in the Duferco group and Arcelor and will not operate on the open market.
Družba Carsid bo proizvajala izključno za podjetja združenj Duferco in Arcelor in ne bo delovala na odprtem trgu.
Accordingly, Cockerill Sambre and the Duferco group have signed long-term supply contracts with Carsid covering the period up to the end of […] (Cockerill Sambre) and […] (Duferco).
V ta namen sta družba Cockerill Sambre in združenje Duferco z družbo Carsid podpisala dolgoročne pogodbe o dobavah, veljavne do konca […] (Cockerill Sambre) ali […] (Duferco).
However, Cockerill Sambre has an initial opportunity to terminate the contract at the end of […].
Vendar pa bi jih Cockerill Sambre lahko prvič zaključil konec […].
Furthermore, if Cockerill Sambre exercises its right to withdraw from the Carsid shareholders, both Cockerill Sambre and Duferco can terminate the contracts on […].
Tudi če družba Cockerill Sambre uporabi pravico izstopa iz delničarstva družbe Carsid, bosta lahko tako Cockerill Sambre kot Duferco zaključila pogodbi […].