natgillin/translations-raw huggingface dataset:
The Decision therefore concludes that the notified concentration would lead to a SIEC, in particular through the creation of a dominant position, in the markets for (i) hydroelectric power equipment and (ii) mechanical metallurgical plant building.
V osnutku se tako sklene, da bi priglašena namera o združitvi vodila do občutnega oviranja učinkovite konkurence, zlasti z nastankom prevladujočega položaja na trgih (i) opreme za hidroelektrarne in (ii) mehanskega metalurškega inženiringa.
In order to address the aforementioned competition concerns in the markets for (i) hydroelectric power equipment and (ii) mechanical metallurgical plant building, the parties have submitted the commitments described below.
Da bi odpravile pomisleke glede konkurence na trgih (i) opreme za hidroelektrarne in (ii) mehanskega metalurškega inženiringa, so stranke predložile naslednje obveznosti.
In hydroelectric power equipment, the parties commit to divest VA Tech Hydro, a subsidiary of VA Tech containing the company's activities in hydroelectric power equipment as well as in combined-cycle power generation equipment.
Na področju opreme za hidroelektrarne odsvojitev VA Tech Hydro, hčerinskega podjetja VA Techa, v katerem so združene dejavnosti podjetja na področju opreme za hidroelektrarne in opreme za kombinirane elektrarne.
No competition concerns were raised in the latter area, but most of this business is heavily integrated with the hydroelectric operations, both physically and financially.
Na slednjem področju ni prišlo do pomislekov glede konkurence, vendar je njegov pretežni del tako fizično kot tudi finančno integriran v poslovanje z vodno energijo.
The market test confirmed that divestiture of VA Tech Hydro (which removes entirely the competitive overlap in hydroelectric power) would solve the competition problems in this market.
Test trga je potrdil, da bi odsvojitev VA Tech Hydra (s čimer se popolnoma odstranijo konkurenčna prekrivanja pri vodni energiji) rešil konkurenčne težave na tem trgu.
In mechanical metallurgical plant building, divestiture of Siemens's 28 % shareholding in VA Tech's most important competitor, SMS Demag, would be necessary to prevent a significant impediment to effective competition.
V mehanskem metalurškem inženiringu odsvojitev 28-odstotne udeležbe Siemensa v SMS Demag, največjem konkurentu VA Techa, za odpravo občutnega oviranja učinkovite konkurence.
Siemens has already exercised a put option (effective 31 December 2004) to sell its stake to SMS Demag's controlling shareholder.
Siemens je že izvedel prodajno opcijo z začetkom veljave 31 december 2004, da bi odsvojil svoj delež delničarju podjetja SMS Demag.
However, implementation of the divestiture is delayed for an uncertain period owing to litigation with SMS about valuation of the shares.
Izvršitev prodaje deleža pa se bo za nedoločen čas zavlekla zaradi pravnega spora z SMS glede cene delnic.
Siemens has, therefore, submitted a commitment that will remove any competitive effect of the continued shareholding […] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
Siemens se je zato obvezal, da bo odpravil vsako oviranje konkurence, nastalo zaradi obstoječe udeležbe [...] [1] Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico.
in SMS and the economic interest in its future competitor.
v SMS, in oviranje gospodarskega interesa svojega prihodnjega konkurenta.
Under the commitment, a trustee will replace Siemens's representatives in SMS's shareholder committee and supervisory board.
Zato bo zastopnike Siemensa v skupščini delničarjev in nadzornem svetu SMS-a zamenjal zaupnik.
No sensitive strategic information concerning SMS's future business activities will be passed on to Siemens.
Siemensu ne bo posredovana nobena občutljiva strateška informacija glede prihodnjega poslovnega obnašanja SMS-a.
The trustee will provide Siemens with information only as far as strictly required for Siemens's defence in the court proceedings and for producing its annual accounts.
Zaupnik bo Siemensu predložil le informacije, ki so nujno potrebne za to, da se lahko Siemens zagovarja v sodnih obravnavah in da lahko sestavi svoja finančna poročila.
The former information will relate only to information before 31 December 2004, while the latter information will not rely on the shareholders’ agreement, but on normal legal rights of minority shareholders.
Prve informacije zadevajo le obdobje do 31 december 2004, zadnje informacije pa niso vezane na dogovor delničarjev, temveč na običajne pravice na podlagi manjšinskega deleža.
In addition, a non-buyback commitment and clarification by Siemens that the shareholding will be valued as of 31 December 2004, as well as the fact that Siemens cannot count on dividends, eliminates any concern that Siemens can expect to continue to participate in SMS Demag's future profits.
Poleg tega se z odpovedjo povratnemu nakupu in izjavo, da bo vrednost udeležbe Siemensa določena za datum 31 december 2004, kot tudi z dejstvom, da Siemens ne more računati na dividende, odstrani vsak pomislek glede tega, da bi Siemens lahko računal na nadaljnjo udeležbo pri prihodnjem dobičku SMS Demaga.
Hence the commitment replicates, as closely as feasible, a full divestiture of the SMS Demag stake while litigation continues.
Zato ta obveznost zadeva predvsem popolno odsvojitev deleža v SMS Demagu do zaključka pravnega spora.
The market test of the proposed commitment in mechanical metallurgical plant building was positive.
Test trga glede obveznosti na področju mehanskega metalurškega inženiringa je bil pozitiven.
In its Decision, the Commission has, therefore, reached the conclusion that, on the basis of the commitments submitted by the parties, the notified concentration will not lead to a dominant position of the parties in (i) hydroelectric power equipment and (ii) mechanical metallurgical plant building.
Komisija je v svoji odločbi sklenila, da na podlagi obveznosti, ki so jih predložile stranke, priglašena združitev ne bo vodila do prevladujočega položaja strank na področjih (i) opreme za hidroelektrarne in (ii) mehanskega metalurškega inženiringa.
The Decision concludes that, subject to full compliance with the commitments given by the parties, the proposed concentration will not impede effective competition in the common market or in a substantial part of it.
V Odločbi je sklenjeno, da s popolnim upoštevanjem obveznosti, ki so jih določile stranke, predvidena združitev ne bo ovirala učinkovite konkurence na skupnem trgu ali na njegovem bistvenem delu.
The Commission has therefore decided to declare the concentration compatible with the common market and the EEA Agreement in accordance with Articles 2(2) and 8(2) of the Merger Regulation and Article 57 of the EEA Agreement.
Zato je Komisija sklenila, da je združitev po členu 2(2) in členu 8(2) Uredbe ES o združitvah in členu 57 Sporazuma o EGP združljiva s skupnim trgom in Sporazumom o EGP.
ADVISORY COMMITTEE
SVETOVALNI ODBOR
At its 133rd meeting on 29 June 2005 the Advisory Committee on Concentrations gave its unanimous support to the Commission's draft decision to clear the concentration subject to conditions and obligations based on the commitments given by the parties.
Svetovalni odbor za koncentracije je na svoji 133. seji dne 29. junija 2005 soglasno podprl osnutek odločbe Komisije, ki dovoljuje združitev pod pogoji in zahtevami na podlagi obveznosti, ki so jih predložile stranke.
Pursuant to Article 19(7) of the Merger Regulation, the Commission is making public the opinion of the Advisory Committee together with the Decision, having regard to the legitimate interest of the undertakings in the protection of their business secrets.
V skladu s členom 19(7) Uredbe ES o združitvah Komisija objavi mnenje Svetovalnega odbora skupaj z Odločbo ob upoštevanju upravičenih interesov podjetij glede varovanja njihovih poslovnih skrivnosti.
In the present case the Advisory Committee's opinion does not contain any business secrets.
V zadevnem primeru mnenje svetovalnega odbora ne vsebuje poslovnih skrivnosti.
Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk.
Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico.
Voith Siemens is the joint venture through which Siemens is active in hydroelectric power.
Voith Siemens je skupno podjetje, s katerim Siemens sodeluje na področju vodne energije.
40 % non-controlling shareholding; 60 % sold in 2004 to Southern States LLC (United States)
Nenadzorovan delež v višini 40 %; 60 % l. 2004 prodano Southern States LLC (ZDA).
The parties’ activities in this area relate as a rule to non-industrial building installations (residential and office buildings and such structures as concert halls, museums, hospitals and tunnels).
Dejavnosti strank na tem področju zadevajo predvsem gradnjo stanovanj, pisarn, koncertnih dvoran, muzejev, bolnišnic in tunelov.
By contrast, market participants argued for considerably higher market shares for VA Tech in possible product markets in mechanical plant building.
Udeleženci na trgu pa so navedli znatno višje tržne deleže VA Techa na možnih proizvodnih trgih mehanskega inženiringa.
The worldwide and EEA market shares of VA Tech in the metallurgical plant building market were seen as being close to those of the previous sole market leader SMS-Demag (hereinafter called ‘SMS’), followed by the third and only other full line supplier active in the EEA, Danieli.
V metalurškem inženiringu so bili tržni deleži VA Techa na svetovnem trgu in trgu EGP približno enaki kot tržni deleži prejšnjega edinega vodilnega na trgu SMS Demaga (v nadaljevanju SMS), sledi Danieli, tretji in edini nadaljnji celotni ponudnik, dejaven v EGP.
It would give Siemens control of VA Tech in addition to its existing 28 % holding in SMS.
Siemens bi poleg obstoječega 28-odstotnega deleža v SMS dobil še nadzor nad VA Techom.
In view of the special circumstances of the case (see following paragraph: prior exercise of the put option; it is common ground that the value of the share is to be determined as of 31 December 2004), it cannot be assumed with sufficient certainty that Siemens's 28 % share interest in SMS (and the financial participation in SMS's business success that this would normally entail) will induce Siemens/VA Tech to compete less strongly with SMS.
Vendar pa zaradi posebnih okoliščin primera (glej naslednji odstavek: prejšnje zaznavanje prodajne opcije; običajno je treba vrednost delnice določiti za datum 31. 12. 2004) ni mogoče z zadostno gotovostjo izhajati iz tega, da bo 28-odstotni delež delnic, ki ga ima Siemens v SMS (in finančna udeležba pri poslovnem uspehu SMS-a, ki je s tem praviloma povezana), sprožil, da bo Siemens/VA Tech popustil v konkurenci z SMS.
A certain degree of buyer power can definitely be ascribed to the highly concentrated demand side and this may promote the entry of new suppliers from these groups.
Določeno moč povpraševanja je mogoče z gotovostjo pripisati močno koncentrirani strani povpraševanja, kar bi lahko pospešilo vstop na trg novih ponudnikom iz te skupine.
Mention can be made above all of SMS in this connection.
V zvezi s tem se omenja predvsem SMS.
% in the period 1999 to 2003.
Skupni tržni deleži so v obdobju med 1999 in 2003 nihali med [40-50] [1] Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico. % in [60-70] [1] Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico. %.
%, VA Tech [10-15] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk. %).
%, VA Tech [10-15] [1] Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico.
This case relates primarily to metallurgical plant building. In this respect, a distinction can be drawn between mechanical plant building, electrical plant building and plant maintenance and services.
Ta primer zadeva predvsem metalurški inženiring, kjer razlikujemo med mehanskim in električnim industrijskim inženiringom ter vzdrževanjem obratov in storitvami.
The overwhelming majority of customers regard the impact of the merger in the area of electrical plant building for aluminium hot and cold rolling mills as unproblematic. It is true that both parties are often named prominently as being among the leading bidders.
Velika večina kupcev učinkov združitve na električni inženiring za proge hladnega in toplega valjanja aluminija ne šteje za problematične.
The Decision presents a quantitative aggregation of customer ratings for the various hydroelectric equipment suppliers to corroborate this finding […] [1] Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk. .
[…] [1] Deli tega besedila so bili izpuščeni za zagotovitev zaupnosti informacij; ti deli so označeni z oglatimi oklepaji in zvezdico.
on the State Aid implemented by Finland for investment aid to Componenta Corporation
o državni pomoči ki jo izvaja Finska za pomoč v investicijah za Componenta Corporation
(notified under document number C(2005) 3871)
(notificirano pod dokumentarno številko C(2005) 3871)
(Only the Finnish and Swedish versions are authentic)
(Besedili v finskem in švedskem jeziku sta edini verodostojni)
Having called on interested parties to submit their comments pursuant to the provisions cited above,
po pozivu vsem zainteresiranim strankam, naj predložijo svoje pripombe v skladu z zgoraj navedenimi določbami,
By letter dated 10 March 2004 from Metalls Verkstadsklubb vid Componenta Alvesta AB, Sweden, the Commission was informed that the City of Karkkila had made a financial transaction with Componenta Corporation Oyj in Karkkila, Finland which it suspected contained state aid.
V dopisu z dne 10. marca 2004 je Metalls Verkstadsklubb vid Componenta Alvesta AB, Švedska, Komisijo obvestila, da je mesto Karkkila izvedlo finančno transakcijo s Componenta Corporation Oyj v Karkkili, Finska, ki naj bi vsebovala državno pomoč.
Based on this information the Commission requested clarifications from Finland.
Na podlagi te informacije je Komisija od Finske zahtevala pojasnilo.
By letter dated 22 June 2004 Finland provided the Commission with the information requested.
V dopisu z dne 22. junija 2004 je Finska Komisiji predložila zahtevane informacije.
By letter dated 19 November 2004 the Commission informed Finland that it had decided to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the suspected aid.
V dopisu z dne 19. novembra 2004 je Komisija Finsko obvestila o svoji odločitvi, da bo sprožila postopek v skladu s členom 88(2) Pogodbe ES glede domnevne pomoči.
The Commission decision to initiate the procedure was published in the Official Journal of the European Union.
Odločitev Komisije, da bo sprožila postopek, je bila objavljena v Uradnem listu Evropske unije.
The Commission invited interested parties to submit their comments on the measure.
Komisija je pozvala vse zainteresirane stranke, da predložijo svoje pripombe glede ukrepa.
The aid and the beneficiaries
Pomoč in upravičenci
Componenta Corporation Oyj (hereinafter called Componenta) is a metal sector company with international operations, based in Karkkila, Finland.
Componenta Corporation Oyj (v nadaljnjem besedilu Componenta) je družba s sedežem v Karkkili na Finskem, ki posluje v sektorju kovin in izvaja mednarodne operacije.
It has production plants in Finland, the Netherlands and Sweden.
Proizvodne obrate ima na Finskem, Nizozemskem in Švedskem.
Most of the company's net sales in 2004 of EUR 316 million came from the Nordic countries and Central Europe.
Večina čistih prihodkov od prodaje družbe v letu 2004, ki so znašali 316 milijonov EUR, je prišla iz nordijskih držav in srednje Evrope.
The Group employs around 2200 people.
Skupina zaposluje približno 2200 ljudi.
The suspected aid was provided to Componenta in December 2003 and consisted of two operations.
Domnevno pomoč, ki je bila sestavljena iz dveh operacij, je Componenta prejela decembra 2003.
In one case it was provided through the purchase by the city of Karkkila (hereinafter called Karkkila) of 50 % of the shares in the real estate company Karkkilan Keskustakiinteistöt Oy (hereinafter called KK), which was jointly owned (50/50) by Karkkila and Componenta.
V prvem primeru je pomoč zagotovilo mesto Karkkila (v nadaljnjem besedilu Karikkila), in sicer z nakupom 50 % delnic nepremičninske družbe Karkkilan Keskustakiinteistöt Oy (v nadaljnjem besedilu KK), ki je bilo v skupni lasti (50/50) Karkkile in Componente.
In the other case Karkkila granted KK an interest-free loan, which was used by KK to reimburse a loan of the same amount that it had been granted by Componenta in 1996.
V drugem primeru je Karikkila odobrila KK brezobrestno posojilo, ki ga je KK uporabila za povračilo posojila v enakem znesku, ki ji ga je Componenta odobrila leta 1996.
The total sum of the deal was EUR 2383276,5 (EUR 713092,5 for the shares and EUR 1670184 in the form of the loan repayment).
Skupni znesek posla je znašal 2383276,5 EUR (713092,5 EUR za delnice in 1670184 EUR v obliki povračila dolga).
The price for the shares was based on the estimated net value of the company (assets minus liabilities) and by dividing this amount by 2, since Componenta owned 50 % of KK.
Cena delnic je temeljila na ocenjeni neto vrednosti družbe (sredstva, zmanjšana za obveznosti), ta znesek pa se je delil z 2, saj je imela Componenta v lasti 50 % KK.
Since the net value of KK was calculated as EUR 1495918, the value of the 50 % shares was EUR 747958. The price for the shares was set somewhat lower at EUR 713092,5.
Ker je izračunana neto vrednost KK znašala 1495918 EUR, je vrednost 50 % delnic znašala 747958 EUR. Cena delnic je bila določena nekoliko nižje, in sicer 713092,5 EUR.
The sales agreement between Karkkila (Buyer) and Componenta (Seller) furthermore stated the following:
V kupoprodajni pogodbi med Karkkilo (kupec) in Componento (prodajalec) je bilo navedeno tudi naslednje:
‘The Seller agrees to invest in the extension of Componenta Karkkila Oy’s production facilities in the territory of the City of Karkkila as specified in Appendix 1 of this contract.
„Prodajalec soglaša, da bo investiral v razširitev proizvodnih zmogljivosti družbe Componenta Karkkila Oy na območju mesta Karkkila, kakor je določeno v dodatku 1 te pogodbe.
It is estimated that the investment will create 50–70 new full-time jobs in Karkkila in 2004 (the average number of Componenta employees in Karkkila in 2003 was 130).
Ocenjuje se, da bo naložba v letu 2004 v Karkkili ustvarila 50–70 novih delovnih mest s polnim delovnim časom (povprečno število zaposlenih v družbi Componenta v Karkilli v letu 2003 je bilo 130).
If the extension of the Seller’s facilities is not commenced in 2004 as specified in the above paragraph, the Buyer has the right to cancel the transaction at its own discretion.’
Če se širitev zmogljivosti prodajalca ne začne izvajati v letu 2004, kakor je navedeno v zgornjem odstavku, ima kupec pravico transakcijo preklicati po svoji presoji.“
Annex 1 of the sales agreement stated that Componenta will merge the operations of two of the Group’s foundries (the Alvesta foundry in Sweden and the Karkkila foundry); that the two units that operate at a low utilisation rate will be merged; that analyses were required for making the decision on the location of the foundry and commencement of employer–employee negotiations as regards the decision on the closing of the Alvesta or the Karkkila foundry and that detailed planning of the new foundry, including the transfer of machinery from the other foundry, was necessary.
V Prilogi 1 kupoprodajne pogodbe je navedeno, da bo Componenta združila poslovanje dveh livarn skupine (livarno Alvesta na Švedskem in livarno Karkkila); da bosta ti dve enoti, ki poslujeta z nizkim izkoristkom, združeni; da so potrebne analize za odločitev glede lokacije livarne in začetka pogajanj med delodajalcem in delavci v zvezi z odločitvijo o zaprtju livarne Alvesta ali livarne Karkkila in da je potrebno podrobno načrtovanje nove livarne, vključno s prenosom strojev iz druge livarne.
It is, therefore, clear that the decision was linked to the moving of the production facilities from one of the two locations to the other.
Zato je jasno, da je bila odločitev povezana s prenosom proizvodnih zmogljivosti iz ene izmed dveh lokacij na drugo.
According to information in Componenta’s annual report 2004, its foundry in Alvesta, Sweden, was closed down in May 2004 with the key production and machinery thereafter moved to Karkkila, Finland.
Po podatkih iz letnega poročila Componente za leto 2004 je bila njena livarna v Alvesti, Švedska, zaprta maja 2004, ključna proizvodnja in stroji pa so bili preseljeni v Karkkilo, Finska.
According to the information from the company the total cost of closing production in Sweden and investing in Finland amounted to EUR 13 million.
Po podatkih družbe so skupni stroški zaprtja proizvodnje na Švedskem in naložb na Finskem znašali 13 milijonov EUR.
Finland argued that the transaction between Componenta and Karkkila was market-based and that no aid was involved.
Finska je trdila, da je bila transakcija med Componento in Karkkilo tržno zasnovana in da pri tem ni šlo za pomoč.
In its decision to initiate the formal procedure the Commission, however, expressed doubts that the transaction between Karkkila and Componenta was market-based.
Komisija pa je v svoji odločitvi o sprožitvi formalnega postopka izrazila dvom, da je bila transakcija med Karkkilo in Componento tržno zasnovana.
It stated that if the purchase price was above the market value of the shares, this would constitute aid to Componenta.
Navedla je, da če je bila nakupna cena višja od tržne vrednosti delnic, to predstavlja pomoč Componenti.
The aid amount would be the difference between the price a private investor would be willing to pay for the shares and the EUR 2,4 million transferred from Karkkila to Componenta.
Znesek pomoči bi bil razlika med ceno, ki bi jo bil za delnice pripravljen plačati zasebni investitor, in 2,4 milijona EUR, prenesenimi iz Karkkile v Componento.
The Commission furthermore considered that the clauses of the sales agreement referred to above provided a strong indication that the transaction was not market-based, and that it was instead intended as a form of compensation for Componenta’s new investments in the territory of Karkkila, which were linked to the closure of the Alvesta foundry.
Komisija je tudi menila, da so zgoraj omenjene klavzule kupoprodajne pogodbe prepričljiv dokaz, da transakcija ni bila tržno zasnovana, ampak da je bila namenjena kot oblika nadomestila za nove naložbe Componente na območju Karkkile, ki so bile povezane z zaprtjem livarne Alvesta.
After taking over Componenta’s shares in KK, Karkkila decided to liquidate KK and transfer the land to the city.
Po prevzemu delnic Componente v KK se je Karkkila odločila likvidirati KK, zemljišče pa prenesti v last mesta.
COMMENTS FROM FINLAND
PRIPOMBE FINSKE
Since the only significant asset of KK was its land, Finland has specified in more detail how the land owned by KK was valued when setting the price of the shares.
Ker je bilo zemljišče edino pomembnejše sredstvo KK, je Finska natančneje navedla, kako je bilo zemljišče, ki je bilo v lasti KK, ovrednoteno pri določanju cene delnic.
For land to be used for private homes and apartment buildings the value was based on the land sales criteria used by the city itself when selling land.
Za zemljišča, ki se bodo uporabljala za zasebna stanovanja in bloke, je bila cena oblikovana na podlagi meril za prodajo zemljišč, ki jih pri prodaji zemljišč uporablja mesto samo.
According to Finland this was equal to or below the market price.
Po podatkih Finske je bila ta cena enaka ali nižja od tržne cene.