natgillin/translations-raw huggingface dataset:
financings in the context of a proceeds participation agreement,
financiranje v okviru pogodbe o udeležbi pri dobičku,
cooperation between BAWAG-PSK and Refco in several areas in daily banking and the securities business,
sodelovanje med BAWAG-PSK in Refcom na več področjih dnevnih bančnih poslov in poslov z vrednostnimi papirji,
granting loans from BAWAG-PSK to Refco, beginning with a loan in the year 1998 which was repaid in connection with the termination of the participation by BAWAG-PSK in Refco in the year 2004, and ending with a loan for EUR 350 million in October 2005.
odobravanje posojil BAWAG-PSK Refcu, ki se je začelo s posojilom leta 1998, ki je bilo vrnjeno v povezavi s prenehanjem udeležbe BAWAG-PSK v Refcu leta 2004, in končalo z odobrenim posojilom v višini več kot 350 milijonov EUR oktobra 2005.
In the interim period, there were repeated grants of loans to Refco or Refco companies, including, among others, several very short-term loans allowing Refco to close its balance sheet (Year-End Transactions).
V tem obdobju je bilo Refcu ali njegovim podjetjem odobrenih več posojil, med drugim tudi zelo kratkoročna posojila, ki so Refcu omogočila, da je zaključil bilanco (t. i. „letni računovodski izkaz“).
In April 2006, complaints were filed against BAWAG-PSK in the USA by Refco, the creditors committee (committee of the unsecured Refco creditors), the Department of Justice and the Securities and Exchange Commission.
Aprila 2006 so bile v ZDA s strani Refca, odbora upnikov (Odbor nezavarovanih upnikov Refca), Ministrstva ZDA za pravosodje in Komisije za vrednostne papirje vložene tožbe zoper BAWAG-PSK.
During the course of these proceedings, an amount of approximately USD […] billion was frozen by court order.
V okviru teh postopkov je bil s sodnim nalogom zamrznjen znesek v višini […] milijard USD.
Finally, a settlement was negotiated with the authorities of the United States and with the Refco creditors.
Na koncu je bil z ameriškimi organi in upniki Refca sklenjen dogovor o poravnavi.
The relationship with Refco resulted in total expenses of EUR […] million for BAWAG-PSK as of the end of 2005:
Konec leta 2005 so celotni odhodki BAWAG-PSK iz poslovnega razmerja z Refcom znašali […] milijonov EUR in so bili sestavljeni iz:
EUR 350 million requirement for write-down from granting of a loan,
zahteve po popravku vrednosti v višini 350 milijonov EUR, ki je izhajala iz dodelitve posojila,
EUR […] million loss from gold swaps,
izgube v višini […] milijonov EUR zaradi poslov zamenjave zlata,
EUR […] million loss from the sale of senior secured loans,
izgube v višini […] milijonov EUR zaradi prodaje prednostnih zavarovanih posojil,
EUR […] million write-downs of other engagements as well as,
popravkov vrednosti drugih obveznosti v višini […] milijonov EUR, in
corresponding legal costs.
pripadajočih pravnih stroškov.
This amount had to be increased by the provision in the amount of EUR […] million which was required to be established with retroactive effect at the beginning of May 2006 for the settlement with the Refco creditors.
Temu znesku je bilo treba prišteti še rezervacijo v višini […] milijonov EUR, ki jo je bilo treba na začetku maja 2006 določiti s povratno veljavo za poravnavo z upniki Refca.
This resulted in a shortfall from the Refco transactions in the amount of EUR 1,0045 billion.
To je povzročilo primanjkljaj iz poslov z Refcom v višini 1,0045 milijarde EUR.
On 5 June 2006 BAWAG-PSK signed an agreement with the Refco creditors.
BAWAG-PSK je 5. junija 2006 z upniki Refca sklenil dogovor.
BAWAG-PSK had to pay USD […] million to the creditors and shareholders of Refco.
BAWAG-PSK je moral upnikom in delničarjem Refca plačati […] milijonov USD.
Furthermore BAWAG-PSK renounced to credit claims in the amount of USD […] million.
Poleg tega se je odpovedal posojilnim terjatvam v višini […] milijonov USD.
The parties also agreed that […] % of the sales price exceeding EUR […] billion had to be paid to the Refco creditors and shareholders. This amount is limited to USD […] million.
Pogodbene stranke so se nadalje dogovorile, da se upnikom in delničarjem Refca izplača […] % prodajne cene, ki presega […] milijonov EUR. Ta znesek je omejen na […] milijonov USD.
Effects of ‘Caribbean transactions’ and ‘Refco’
Učinki posebnih poslov („karibski posli“ in „Refco“)
In the year 2004, receivables from the Caribbean situation in an amount of approximately EUR […] million were written off.
Leta 2004 so bile odpisane terjatve iz karibskih poslov v višini okoli […] milijonov EUR.
The outstanding amount of EUR […] million was fully written down.
Neporavnani znesek v višini […] milijonov EUR je bil v celoti odpisan.
In October 2005, BAWAG-PSK was hit by the insolvency of Refco and at the same time the losses of the ‘Caribbean transactions’ came to light.
Oktobra 2005 je BAWAG-PSK prizadel stečaj Refca, hkrati pa so bile odkrite tudi izgube iz karibskih poslov.
Alerted by the press, depositors massively withdrew the money on current and savings accounts in late April/early May 2006.
Konec aprila in v začetku maja 2006 so vlagatelji zaradi opozoril medijev množično dvigovali denar s svojih tekočih in varčevalnih računov.
Globally, between September 2005 and June 2006, the current accounts held by the bank were reduced by EUR […] million, while the savings accounts were reduced by EUR […] billion.
Skupno so se med septembrom 2005 in junijem 2006 vloge na tekočih računih banke zmanjšale za […] milijonov EUR, vloge na varčevalnih računih pa za […] milijard EUR.
THE MEASURE UNDER ASSESSMENT
OPIS OCENJEVANEGA UKREPA
The measure under assessment in the present decision is the State guarantee of EUR 900 million granted to BAWAG-PSK by a law, the BAWAG PSK Sicherungsgesetz, enacted on 8 May 2006 (hereafter the law).
Ocenjevani ukrep iz te odločbe je državni prevzem jamstva za BAWAG-PSK v višini več kot 900 milijonov EUR, ki ga ureja zakon BAWAG-PSK-Sicherungsgesetz, ki je začel veljati 8. maja 2006 (v nadaljevanju „zakon o BAWAG-PSK“).
The law also included the obligation of the owners to sell BAWAG-PSK to a third party.
Zakon vsebuje zahtevo, da lastniki BAWAG-PSK prodajo tretji osebi.
Without a guarantee, BAWAG-PSK would not have been able to comply with the solvency and equity capital provisions of the Austrian Banking Act (BWG) and therefore to close the 2005 annual accounts.
Brez državnega jamstva BAWAG-PSK ne bi mogel izpolniti določb o solventnosti in lastniškem kapitalu iz avstrijskega Zakona o bančništvu (v nadaljevanju „BWG“) ter zaključiti letnega računovodskega izkaza za leto 2005.
On 31 May 2006 the then direct and indirect owners of BAWAG-PSK (ÖGB, ÖGSP, ÖBG, ÖVV and AVB) signed a sales agreement which obliged them to sell their shares in BAWAG-PSK to an independent third party.
maja 2006 so tedanji neposredni in posredni lastniki BAWAG-PSK (ÖGB, ÖGSP, ÖBG, ÖVV in AVB) podpisali pogodbo o prodaji, s katero so se obvezali k prodaji svojih deležev neodvisni tretji osebi.
On 6 June 2006 Austria and BAWAG-PSK signed a guarantee agreement which specified the law.
junija 2006 sta Avstrija in BAWAG-PSK podpisala garancijsko pogodbo, ki temelji na tem zakonu.
It included a description of the guarantee, the conditions, the fee to be paid, the responsibilities of BAWAG-PSK and the duration.
Pogodba vsebuje podrobnosti o jamstvu, pogojih, plačilu za jamstvo, odgovornosti BAWAG-PSK in trajanju jamstva.
The sales agreement was attached to the guarantee agreement.
Prodajna pogodba je bila priložena garancijski pogodbi.
In addition Austria and the then direct and indirect owner of BAWAG-PSK (ÖGB, ÖGSP, ÖBG, ÖVV and AVB) concluded a comprehensive agreement, dated 6 June 2006.
Poleg tega so Avstrija ter tedanji neposredni in posredni lastniki BAWAG-PSK (ÖGB, ÖGSP, ÖBG, ÖVV in AVB) dne 6. junija 2006 sklenili celosten sporazum.
In Chapter 7 paragraph 3 of this agreement the use of the sales proceeds is determined.
V odstavku 3 poglavja 7 tega sporazuma je določena poraba izkupička od prodaje.
If the shares in BAWAG-PSK are sold, the sales proceeds are to be used in the following priority:
Po prodaji deležev BAWAG-PSK se izkupiček od prodaje porabi ob upoštevanju naslednjega prednostnega vrstnega reda:
to satisfy any rights of third parties in order to secure the sale,
izpolnitev zahtev tretjih oseb za zagotovitev prodaje,
to satisfy claims against the owners under the settlement in the Refco matter,
izpolnitev terjatev do lastnikov v skladu s poravnavo v zadevi Refco,
to pay all remaining liabilities existing at the time of payment owed by AVB,
poravnava vseh v času plačila neporavnanih obveznosti AVB,
to pay all liabilities still remaining at the time of payment owed by all (former) indirect owners of BAWAG-PSK,
poravnava vseh v času plačila neporavnanih obveznosti vseh (nekdanjih) posrednih lastnikov BAWAG-PSK,
to reduce the guarantee of Austria by providing BAWAG-PSK equity.
zmanjšanje jamstva Avstrije z zagotovitvijo lastniškega kapitala za BAWAG-PSK.
The guarantee was abolished on 15 May 2007, the day of the closing of the sale of BAWAG-PSK to the consortium.
Jamstvo se je izteklo 15. maja 2007, ko je bil BAWAG-PSK prodan konzorciju.
The objectives of the guarantee
Namen prevzema jamstva
According to Austria the guarantee aimed at:
Po mnenju Avstrije je namen jamstva:
stabilisation and strengthening the position of BAWAG-PSK,
stabilizirati in okrepiti položaj BAWAG-PSK,
enabling the balance sheet to be prepared for 2005,
omogočiti pripravo bilance stanja za leto 2005,
enabling the beginning or the continuation of the sales measures,
omogočiti začetek oziroma nadaljevanje ukrepov prodaje,
maintaining future-oriented functionality of BAWAG-PSK,
ohraniti delovanje BAWAG-PSK, usmerjeno v prihodnost,
strengthening the trust of the investors in the Austrian financial market.
okrepiti zaupanje vlagateljev v avstrijski finančni trg.
The conditions attached to the guarantee
Z jamstvom povezani pogoji
Under the original conditions the guarantee would end 60 days after BAWAG-PSK was sold but, in principle, not later than 1 July 2007.
V skladu s prvotnimi pogoji bo jamstvo prenehalo veljati 60 dni po prodaji BAWAG-PSK, načeloma najpozneje 1. julija 2007.
However, an extension under certain conditions was possible.
Vendar je možno podaljšanje pod določenimi pogoji.
The fee to be paid by BAWAG-PSK was fixed at 0,2 % per year for the period ending 30 June 2007 and 1,2 % afterwards.
Pristojbina, ki jo mora plačati BAWAG-PSK, je 0,2 % letno za obdobje, ki se konča 30. junija 2007, pozneje pa 1,2 %.
The guarantee of Austria could only be drawn if cumulatively:
Jamstvo Avstrije bi bi bilo mogoče uveljavljati samo, če kumulativno
BAWAG-PSK was not sold,
BAWAG-PSK ne bi bil prodan,
BAWAG-PSK, its direct and indirect shareholders had been requested to pay and to disclose their financial situations and obliged to pay up to the limit of their capacities for payment before the guarantee could be called on,
bi bili BAWAG-PSK ter njegovi neposredni in posredni lastniki pozvani k plačilu in razkritju svojih premoženjskih stanj ter plačilu v okviru njihove plačilne sposobnosti,
the economic threat to the bank (falling below the statutory requirements for equity capital) continued to exist,
bi bila banka še vedno ekonomsko ogrožena (nedoseganje zakonsko določenih zahtev za lastniški kapital) in
an insolvency of BAWAG-PSK (inability to meet ongoing payment obligations as a result of over-indebtedness) threatened or had already occurred.
bi BAWAG-PSK grozil stečaj oziroma bi do njega že prišlo (plačilna nesposobnost zaradi prezadolženosti).
The drawdown of the guarantee was also permitted if insolvency threatened only because the guarantee would expire on 1 July 2007; the Federal Government could avoid the drawdown under the guarantee by extending it.
Uveljavljanje jamstva je bilo dovoljeno tudi v primeru, če bi stečaj grozil le zato, ker se jamstvo izteče 1. julija 2007; Avstrija bi se lahko s podaljšanjem jamstva izognila njegovi uveljavitvi.
However, this required an additional decision by the Federal Government.
Vendar je bil za to potreben sklep zvezne vlade.
The guarantee only covered claims which were part of the calculation basis under paragraph 22(2) BWG and which were classified under the Regulation of the Financial Markets Supervisory Authority (FMA) [12].
Jamstvo je krilo samo terjatve, ki jih je bilo treba po členu 22(2) BWG vračunati v davčno osnovo in ki so bile razvrščene v skladu z uredbo nadzornega organa finančnih trgov [12] (v nadaljevanju „FMA“).
The guarantee of Austria under the Guarantee Agreement, except for the claims which have already been made, would expire upon transfer of ownership (directly or indirectly) of the shares in BAWAG-PSK to a third party within the meaning of paragraph 3(1) BAWAG-PSK Act, but not later than on 1 July 2007.
Jamstvo Avstrije bi po tej garancijski pogodbi, razen že izvršenih terjatev, poteklo s prenosom lastništva (neposrednega ali posrednega) deležev v BAWAG-PSK na tretjo osebo v smislu člena 3(1) zakona o BAWAG-PSK, vendar najpozneje 1. julija 2007.
BAWAG-PSK was obliged to inform Austria about such a transfer of ownership without undue delay and had to present corresponding proof in writing as soon as BAWAG-PSK obtained corresponding knowledge.
BAWAG-PSK je moral o vsakem takšnem prenosu lastništva vladi nemudoma pisno poročati in priložiti ustrezna dokazila, in sicer takoj, ko je za to izvedel.
If required for the implementation of the sale of the shares to third parties within the meaning of paragraph 3(1) BAWAG-PSK Act, Austria would extend the guarantee for up to 60 days as of the transfer of ownership upon the reasoned request of BAWAG-PSK, but for no longer than 30 June 2007.
Če bi bilo za izvedbo prodaje deležev tretji osebi v smislu člena 3(1) zakona o BAWAG-PSK to potrebno, bi Avstrija na utemeljeno zahtevo BAWAG-PSK podaljšala jamstvo za 60 dni po prenosu lastništva, vendar najdlje do 30. junija 2007.
Austria, acting through the Federal Minister of Finance (with the consent of the Federal Government) could extend the guarantee assumed under the Guarantee Agreement if the conditions set forth in paragraph 1(2) of the BAWAG-PSK Act would materialise.
Avstrija bi lahko preko zveznega ministra za finance (s soglasjem zvezne vlade) podaljšala jamstvo iz garancijske pogodbe, če bi bili izpolnjeni pogoji iz člena 1(2) zakona o BAWAG-PSK.
In particular, Austria could consider such an extension if the expiration of the guarantee would endanger the long-term recovery of BAWAG-PSK or its sale.
Avstrija bi lahko o takšnem podaljšanju razmišljala v primeru, če bi bila zaradi prenehanja jamstva ogrožena dolgoročna sanacija BAWAG-PSK ali njegova prodaja.
If a claim under the liability had been based on insolvency risks resulting from a future loss of the guarantee of Austria, Austria could avoid such a claim by extending the liability prior to its expiration.
Če bi uveljavljanje jamstva temeljilo na nevarnosti stečaja zaradi izgube državnega jamstva v prihodnosti, bi se Avstrija takšnemu uveljavljanju jamstva lahko izognila tako, da bi ga podaljšala še pred njegovim iztekom.
In this event, the consequences resulting from a claim under the guarantee would not occur.
V tem primeru do posledic uveljavljanja jamstva ne bi prišlo.
Another condition attached to the guarantee imposed that BAWAG-PSK and ÖGB had to sell their stakes in the Austrian National bank (OeNB).
Drug pogoj, povezan s prevzemom jamstva, je BAWAG-PSK in ÖGB nalagal prodajo njunih deležev Avstrijski nacionalni banki („OeNB“).
Taking into account the specificities of such operation, Austria stated that a market price for these stakes would be within a range of […] to […] times the nominal value of the shares.
Ob upoštevanju posebnosti takšnega postopka je Avstrija določila, da bo tržna cena teh deležev znašala […]- do […]-krat več od nominalne vrednosti delnic.
This estimate led to a ‘market price’ between EUR […] and EUR […] million. The final selling price to the Austrian authorities was EUR […] million ([…] million for BAWAG-PSK).
Zaradi te ocene je „tržna cena“ znašala med […] milijonov EUR in […] milijonov EUR. Končna prodajna cena za avstrijske organe je znašala […] milijonov EUR ([…] milijonov EUR za BAWAG-PSK).
The sales proceeds corresponded to the book value of the participation.
Izkupiček od prodaje je ustrezal knjižni vrednosti udeležbe.
In addition to the State guarantee, two special-purpose vehicles (hereafter SPVs) had been created by private banks, on the one hand, and insurance companies, on the other hand, in order to strengthen the capital ratios of BAWAG-PSK.
Poleg državnega jamstva so zasebne banke na eni strani in zavarovalniške družbe na drugi strani osnovale dve družbi za posebne finančne namene (v nadaljevanju „SPV“) za povečanje osnovnega kapitala BAWAG-PSK.
Under the deal agreed upon, the four credit institutions Bank Austria-Creditanstalt, Erste Bank, Österreichische Volksbanken-AG and Raiffeisen Zentralbank Österreich AG and the four insurance corporations Allianz, Generali, Uniqa and Wiener Städtische founded two SPVs to provide support for BAWAG-PSK.
V okviru dogovora so štiri kreditne ustanove Bank Austria Creditanstalt, Erste Bank, Österreichische Volksbanken-AG inRaiffeisen Zentralbank Österreich AG ter štiri zavarovalniške družbe Allianz, Generali, Uniqa in Wiener Städtische za podporo BAWAG-PSK ustanovile dve SPV.
This arrangement enabled BAWAG-PSK to increase its eligible capital (tier 1 capital) by EUR 450 million. As a group, BAWAG-PSK thus again achieved an adequate capital ratio.
Ta dogovor je BAWAG-PSK omogočil, da je svoj kapital prvega reda povečal za 450 milijonov EUR. Kot skupina je BAWAG-PSK tako zopet izpolnil ustrezne kapitalske zahteve.
To limit the risk exposure for the participating banks and insurance corporations as much as possible, the funds provided had to be invested exclusively in top-rated euro government bonds.
Da bi čim bolj omejili tveganje udeleženih bank in zavarovalniških družb, je bilo dovoljeno razpoložljiva sredstva vložiti samo v najvišje uvrščene eurske državne obveznice.
Following the closing of the sale of BAWAG-PSK to the consortium on 15 May 2007, each shareholder was entitled to terminate the respective SPV.
Po zaključeni prodaji BAWAG-PSK konzorciju dne 15. maja 2007 je bil vsak delničar upravičen do razpustitve ustrezne SPV.
As a result of the subsequent liquidation, each shareholder received the corporate assets corresponding to that shareholder's portion of the capital contribution by way of a distribution in kind, i.e. by transferring the securities in which investments were made.
Po likvidaciji je vsak delničar z izplačilom v obliki stvarne vrednosti (tj. s prenosom vrednostnih papirjev, v katere se je investiralo) prejel skupna sredstva, ki so ustrezala njegovemu deležu v kapitalskem vložku.
In its decision initiating the formal investigation procedure laid down in Article 88(2) of the EC Treaty, the Commission provisionally classified the measure under examination as State aid within the meaning of Article 87(1) and Article 61(1) of the EEA Agreement because they had been granted through State resources and because, by improving the recipient's financial position, they had likely affected the economic position of competitors from other Member States [13] and consequently distorted or threatened to distort competition and affected trade between Member States.
Komisija je v svoji odločitvi o sprožitvi formalnega postopka preiskave po členu 88(2) Pogodbe ES zadevni ukrep začasno označila kot državno pomoč v smislu člena 87(1) Pogodbe ES in člena 61(1) Sporazuma EGP, saj je bila podpora dodeljena iz državnih sredstev in je zaradi izboljšanja finančnega stanja prejemnika verjetno škodovala gospodarskemu položaju konkurentov iz drugih držav članic [13] in posledično izkrivljala ali bi lahko izkrivljala konkurenco ter negativno vplivala na trgovino med državami članicami.
The Commission considered doubtful that BAWAG-PSK's insolvency/bankruptcy would have had systemic implications on the Austrian financial system and, more globally, on the whole Austrian economy.
Komisija je podvomila, da sta imela plačilna nesposobnost oziroma stečaj BAWAG-PSK sistemske učinke na avstrijski finančni sistem in, v širšem smislu, na celotno avstrijsko nacionalno gospodarstvo.
Therefore, Article 87(3)(b) would not have been applicable in this case.
Zato v tem primeru ni bilo mogoče uporabiti člena 87(3)(b).
On the basis of its provisional assessment, the Commission concluded that the aid had to be assessed in the light of the Community guidelines on State aid for rescuing and restructuring firms in difficulty [14] (hereafter the guidelines) and there were no other compatibility provisions of the Treaty or other Community guidelines that might render the aid compatible.
Na podlagi svoje začasne presoje je Komisija sklenila, da je treba pomoč preveriti s pomočjo smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah [14] (v nadaljevanju „smernice“) ter da nobene druge določbe v zvezi z združljivostjo Pogodbe ES ali drugih smernic Skupnosti ne kažejo na združljivost pomoči s skupnim trgom.
It agreed with Austria that BAWAG-PSK was a firm in difficulty within the meaning of Section 2.1 of the guidelines. However, it seriously doubted whether the aid measures were compatible with the common market.
Komisija se je strinjala z Avstrijo, da je BAWAG-PSK podjetje v težavah v smislu oddelka 2.1 smernic, vendar je močno podvomila, da so bili ukrepi pomoči združljivi s skupnim trgom.
According to the guidelines, a rescue aid is by nature temporary and reversible assistance, and its primary objective is to make it possible to keep an ailing firm afloat for the time needed to work out a restructuring or liquidation plan.
V skladu s smernicami je pomoč za reševanje začasen in povraten ukrep podpore, ki naj bi podjetju pomagal tako dolgo, dokler ne izdela načrta prestrukturiranja ali likvidacije.
According to point 15 of the guidelines, such aid cannot be longer than six months.
Po točki 15 smernic takšna pomoč ne more trajati več kot šest mesecev.
While the guarantee was implemented on 6 June 2006, the Commission observed that it had effectively entered into force retrospectively as from 31 December 2005.
Jamstvo je bilo dodeljeno 6. junija 2006, vendar pa je, kot je ugotovila Komisija, začelo veljati s povratno veljavo 31. decembra 2005.
Its duration thus already exceeded the six-month limit set by the guidelines.
Trajanje jamstva je tako preseglo v smernicah določeno najdaljše trajanje šestih mesecev.
The Commission therefore seriously doubted that the guarantee could be considered as compatible as a rescue aid.
Komisija zato močno dvomi, da je jamstvo mogoče označiti kot pomoč za reševanje, ki je združljiva s skupnim trgom.
Restoration of long-term viability
Ponovna vzpostavitev dolgoročne rentabilnosti
Paragraphs 34 to 37 of the guidelines state that, in the case of all individual aid measures, the Commission must endorse a restructuring plan by assessing whether the plan is capable of restoring the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions.
V skladu s točkami 34 do 37 smernic mora Komisija pri vseh posameznih ukrepih pomoči odobriti načrt prestrukturiranja in oceniti, ali ta načrt omogoča ponovno vzpostavitev dolgoročne rentabilnosti podjetja v ustreznem roku in na podlagi realističnih predpostavk.
The Commission took the view that the restructuring plan and the success of the reorganisation and the continuation of the bank depended decisively upon a high sales price.
Komisija je zavzela stališče, da so uspeh načrta za prestrukturiranje, uspeh sanacije in nadaljnje delovanje banke močno odvisni od visoke prodajne cene.
The sales scenarios, as presented, showed that the potential buyer would have had to make a minimum total investment of about EUR […] billion in order to restore the long-term viability of the bank without further State intervention.
Predloženi scenariji prodaje so pokazali, da bi moral potencialni kupec vložiti najmanj […] milijard EUR za ponovno vzpostavitev dolgoročne rentabilnosti banke brez državne podpore.