natgillin/translations-raw huggingface dataset:
In concrete terms, in order to outbid Ford ' s offer of EUR 57 million, a potential investor would need to propose a sales price in excess of EUR 133 (i.e. EUR 76 million higher) in order to compensate for the non-fulfilment of the condition relating to the production level.
Konkretno bi moral potencialni vlagatelj, da bi prekosil Fordovo ponudbo, vredno 57 milijonov EUR, ponuditi prodajno ceno, ki bi presegala 133 milijonov EUR (tj. 76 milijonov EUR več), da bi nadomestil neizpolnjevanje pogoja, vezanega na raven proizvodnje.
These factors must have been taken into account by both Ford and its potential competitors and thus influenced their decision to submit a bid and the price offered.
Te dejavnike so morali upoštevati tako Ford, kot tudi njegovi potencialni tekmeci in so tako vplivali na njihovo odločitev o oddaji ponudbe in ponujeni ceni.
The Commission notes that, although the formal announcement of the privatisation of Automobile Craiova did not contain any reference to conditions, the precise conditions being laid down only in the subsequent Information Memorandum, the general objective of the Romanian authorities as regards the maintenance of a certain level of employment and a certain level of car production at the site was publicly known.
Komisija ugotavlja, da čeprav uradna objava o privatizaciji podjetja Automobile Craiova ni vsebovala sklicevanja na pogoje, saj so bili točni pogoji predpisani le v naknadnem informacijskem memorandumu, je bil splošen cilj romunskih organov oblasti glede ohranjanja določene ravni zaposlenosti in določene ravni avtomobilske proizvodnje na kraju samem javno znan.
For the Commission, there are indications that certain potential investors who might have considered a different industrial strategy had been deterred from showing a concrete interest in the company at this initial stage.
Komisijo to napeljuje k sklepanju, da je določene potencialne vlagatelje, ki so morda razmišljali o drugačni industrijski strategiji, navedeno odvrnilo od tega, da bi pokazali konkreten interes za podjetje v tej začetni fazi.
It should here be emphasised that the production of 200000 cars per year represents a doubling of the current capacity, which, particularly at the present time, is significantly underutilised.
Na tem mestu je treba poudariti, da proizvodnja 200000 avtomobilov letno predpostavlja podvojitev trenutne zmogljivosti, ki je zlasti v zdajšnjem času bistveno premalo izkoriščena.
The production level that needs to be achieved is specified in detail and will therefore certainly lead to a substantial increase in market presence.
Proizvodna raven, ki mora biti dosežena, je natančno opisana in bo torej zagotovo vodila v bistven porast prisotnosti na trgu.
The Commission considers that this situation is comparable to that in which the economic conduct of a company is influenced by state measures that reduce the costs normally borne by companies or by direct subsidies.
Komisija meni, da je ta položaj primerljiv tistemu, ko na ekonomsko ravnanje podjetja vplivajo državni ukrepi, ki znižujejo stroške, ki bi jih običajno krila podjetja ali neposredne odvisne družbe.
As regards the distinction drawn by the Romanian authorities between conditions and the scoring model, the Commission does not recognise the relevance of the argument.
Glede razlikovanja, ki ga prikazujejo romunski organi med pogoji in točkovnim modelom, Komisija ne prepoznava relevantnosti tega argumenta.
Scoring the production and integration levels amounts de facto to the actual conditions attached to the privatisation, which, in the Commission's view, have reduced the sales price.
Točkovanje proizvodne in integracijske ravni je de facto enako sedanjim pogojem, vezanim na privatizacijo, ki so po mnenju Komisije znižali prodajno ceno.
It cannot accept the argument that the sales price obtained reflects the market value of the company.
Komisija ne more sprejeti argumenta, da dosežena prodajna cena odraža tržno vrednost podjetja.
In this case too, there are indications for the Commission that potential investors with a different production strategy or industrial activity who did not envisage producing 200000 cars per year and achieving a 60 % integration level might have been deterred from the start from submitting an offer and that their competitive position in the tender was without doubt significantly impaired.
Tudi to Komisijo napeljuje k sklepanju, da so potencialni vlagatelji z drugačno proizvodno strategijo ali industrijsko dejavnostjo, ki niso načrtovali proizvesti 200000 avtomobilov na leto in doseči 60 % integracijske ravni, od začetka odstopili od oddaje ponudbe in, da je bil njihov konkurenčen položaj v razpisu nedvomno bistveno slabši.
These appear to be circumstances in which the Romanian authorities opted for the scoring method described above.
To so okoliščine, v katerih so romunski organi izbrali zgoraj opisano točkovno metodo.
Indeed, a bidder with a different industrial strategy decided in the end not to submit an offer after participating in the tender procedure.
Dejansko se je ponudnik z drugačno industrijsko strategijo po udeležbi v razpisnem postopku na koncu odločil, da ponudbe ne odda.
As regards the negotiability of the conditions attached, the Commission cannot accept Romania's argument that the negotiability of the conditions was known to all potential investors and could be easily deduced from the tender documents.
Glede tega, da so bili vezani pogoji lahko predmet pogajanj, Komisija ne more sprejeti argumenta Romunije, da so bili vsi potencialni vlagatelji seznanjeni z možnostjo pogajanja glede pogojev in da bi bili zlahka izločeni iz razpisnih dokumentov.
It is true that AVAS, in response to Ford's questions, confirmed that the draft SPA was only indicative and served as a basis for further negotiations.
Res je, da je AVAS v odgovor na vprašanje Forda potrdil, da je osnutek SPA le okviren in je bil podlaga za nadaljnja pogajanja.
However, this statement refers only to those contractual negotiations which are inherent in a share sale by way of negotiations based on final, improved and irrevocable bids and does not generally provide confirmation that further negotiations on the mandatory terms set out in the public announcement and, in particular, the elements of the scoring grid were in fact possible.
Vendar se ta izjava nanaša le na tista pogodbena pogajanja, ki so vsebovana v prodaji delnic preko pogajanja, ki temelji na dokončnih, izboljšanih in nepreklicnih ponudbah in na splošno ne zagotavlja, da so bila nadaljnja pogajanja o obveznih pogojih, določenih v javnem obvestilu in zlasti o elementih točkovnega sistema dejansko možna.
Romania did not provide any evidence which would show that the criteria of the scoring grid could have been considered negotiable.
Romunija ni predložila nobenega dokaza, ki bi pokazal, da je mogoče merila točkovnega sistema razumeti kot predmet pogajanja.
In fact, if the scoring criteria were negotiable, the scoring model would lose any practical relevance.
Dejansko, če bi bila točkovna merila predmet pogajanja, bi točkovni model izgubil vsakršno praktično relevantnost.
The Commission does not agree with the argument put forward by Romania according to which AVAS confirmed that it was possible to change its position in the course of the negotiations.
Komisija se ne strinja z argumentom, ki ga je predložila Romunija, po katerem je AVAS potrdil, da je bilo mogoče spremeniti svoj položaj v teku pogajanj.
This answer refers exclusively to Ford's question regarding the planned requirement for the purchaser to renounce the right to claim protection and reimbursement from the State in the event of Automobile Craiova's assets being successfully claimed by third parties.
Ta odgovor se nanaša izključno na Fordovo vprašanje glede načrtovane zahteve, da se kupec odpove pravici, da zahteva zaščito in povračilo od države v primeru, da bi sredstva podjetja Automobile Craiova uspešno terjale tretje osebe.
It is the Commission's opinion that it cannot be deduced from this statement that all the conditions would generally be negotiable.
Mnenje Komisije je, da iz te izjave ni mogoče sklepati, da je možno pogajanje o vseh pogojih.
The Commission cannot accept the calculations put forward by Romania, which aim at demonstrating that the price paid by Ford represents the market value of Automobile Craiova.
Komisija ne more sprejeti izračunov, ki jih je predložila Romunija, ki skušajo predstaviti, da cena, ki jo je plačal Ford, predstavlja tržno vrednost podjetja Automobile Craiova.
First, the sales price paid by Ford for 72 % of Automobile Craiova, including DWAR and Mecatim, cannot be compared to the price that DWAR paid in 2006 for 51 % of its own shares.
Prvič, prodajne cene, ki jo je plačal Ford za 72 % Automobile Craiova, vključno z DWAR in Mecatim, ni možno primerjati s ceno, ki jo je DWAR plačal leta 2006 za 51 % svojih lastnih delnic.
Also, the general economic context at the time of the latter sale has to be taken into account: when the bankrupt Daewoo Motors agreed to sell its 51 % in 2006, DWAR was confronted with significant liabilities (the pending customs claim, debts towards other Daewoo subsidiaries, etc.).
Upoštevati je treba tudi splošno ekonomsko situacijo časa, ko je bila izvedena omenjena prodaja: ko je Daewoo Motors v stečaju soglašal s prodajo svojega 51 % deleža leta 2006, se je DWAR soočil s precejšnjimi dolgovi (carinska terjatev v teku, dolgovi do drugih odvisnih družb Daewoo, itd.).
In addition, since only a very small proportion of the shares are actually available on the market, the stock exchange price might not reflect the real value of the company.
Poleg tega, glede na to, da je le zelo majhen del deležev dejansko na razpolago na trgu, cena delnic na borzi morda ne odraža dejanske vrednosti podjetja.
Accordingly, the Commission has to conclude that the conditions attached to the privatisation of Automobile Craiova have lowered the sales price and deterred other potential bidders from submitting a bid.
V skladu s tem Komisija ugotavlja, da so pogoji, vezani na privatizacijo podjetja Automobile Craiova, znižali prodajno ceno in odvrnili druge potencialne ponudnike od oddaje ponudbe.
As a direct result, the State has renounced the receipts from the privatisation.
Neposreden rezultat tega je, da se je država odpovedala prihodkom od privatizacije.
In the light of the above considerations, the Commission concludes that, in the case at issue, an economic advantage has been conferred by way of state resources on the economic activities privatised.
Glede na zgornje ocene Komisija ugotavlja, da je bila v danem primeru privatizirana dejavnost deležna ekonomske ugodnosti iz državnih sredstev.
Open, transparent, non-discriminatory tender
Odprt, pregleden, nediskriminatoren razpis
When initiating the procedure under Article 88(2) of the Treaty, the Commission had doubts whether the tender was transparent and non-discriminatory and, in particular, whether all potentially interested parties had equal access to information regarding the company to be privatised, the award criteria and the possibility of negotiating certain contractual terms with the privatisation agency.
Ko je Komisija sprožila postopek iz člena 88(2) Pogodbe, je dvomila, ali je bil razpis pregleden in nediskriminatoren in zlasti, ali so imele vse potencialno zainteresirane stranke enak dostop do informacij o podjetju, ki je bilo predmet privatizacije, merilih za dodelitev in možnostjo pogajanja s privatizacijsko agencijo o določenih pogodbenih pogojih.
According to the information available at that time, the Romanian authorities held preliminary discussions with certain car producers before the official privatisation announcement was published.
Glede na takrat razpoložljive informacije so romunski organi opravili predhodne razgovore z določenimi proizvajalci avtomobilov, preden je bila objavljena uradna privatizacijska napoved.
Romania argues that all potential investors had equal access to information, with none of them being favoured.
Romunija trdi, da so imeli vsi potencialni vlagatelji enak dostop do informacij, ne da bi imel kdo od njih prednost.
The preliminary contacts that the government had with the potential interested parties did not affect the privatisation strategy and procedure.
Predhodni stiki, ki jih je imela vlada s potencialnimi zainteresiranimi strankami, da niso vplivali na privatizacijsko strategijo in postopek.
On the basis of the information supplied by them, the Commission notes that the Romanian authorities conducted informal preliminary discussions with several potential investors which addressed similar aspects regarding the company to be privatised: full ownership of the industrial assets, the company's debts and liabilities, and a swift privatisation process.
Na podlagi informacij, ki so jih predložili, Komisija ugotavlja, da so romunski organi opravili neuradne predhodne razgovore z nekaterimi potencialnimi vlagatelji, ki so izpostavili podobne vidike glede podjetja, ki bo privatizirano: polno lastništvo nad industrijskimi sredstvi, dolgovi in obveznosti podjetja in hiter privatizacijski proces.
It is presumed that the State as the seller would engage in those discussions with the aim of obtaining preliminary information such as market demand, minimum sales price, etc. Unless such discussions are conducted with the aim or result of establishing conditions to be attached to the tender, the Commission agrees that it can be considered usual for the government to engage in consultations and preliminary discussions with potential investors before publishing a privatisation announcement.
Predpostavlja se, da bi država kot prodajalec opravila te razgovore z namenom pridobiti predhodne informacije, kot so zahteve trga, minimalna prodajna cena, itd. Če ti razgovori niso opravljeni z namenom ali izidom oblikovanja pogojev, ki bodo vezani na razpis, se Komisija strinja, da se lahko šteje za običajno, da se vlada posvetuje ali opravi predhodne razgovore s potencialnimi vlagatelji pred objavo uradne privatizacijske napovedi.
After the publication of the privatisation announcement, only two potential bidders, Ford and GM, bought the presentation file, enabling them to obtain access to the Data Room and eventually to submit a final and binding offer.
Po objavi uradne privatizacijske napovedi sta le dva potencialna ponudnika, Ford in GM, kupila predstavitveni dokument, kar jima je omogočilo dostop do podatkovne sobe in končno tudi oddajo končne in zavezujoče ponudbe.
It is true that, after publication of the privatisation announcement, all correspondence between AVAS, on the one hand, and Ford and GM, on the other, was available to them in the Data Room.
Res je, da je bilo po objavi privatizacijske objave vse dopisovanje med AVAS-om na eni strani ter Fordom in GM-jem na drugi, zanje dostopno v podatkovni sobi.
Therefore, the Commission concludes that, at that particular stage of the privatisation, both potential investors had equal access to information.
Zato Komisija ugotavlja, da sta imela v tej posebni fazi privatizacije oba potencialna vlagatelja enak dostop do informacij.
In conclusion, on the basis of the information provided by Romania, the Commission's doubts as regards the open, transparent and non-discriminatory nature of the tender for the privatisation of Automobile Craiova have been allayed.
Na podlagi informacij, ki jih je predložila Romunija, so se torej zmanjšali dvomi, ki jih je imela Komisija glede odprtega, preglednega in nediskriminatornega razpisa za privatizacijo podjetja Automobile Craiova.
Waiving of debts
Odpis dolgov
When initiating the procedure under Article 88(2) of the EC Treaty, the Commission expressed doubts that AVAS might waive within the context of the privatisation certain debts of the company (in particular the customs claim amounting to EUR 800 million) and that it would offer a guarantee concerning the payment of debts towards the other former Daewoo subsidiaries.
Ko je Komisija sprožila postopek iz člena 88(2) Pogodbe ES, je Komisija izrazila pomisleke, da bi lahko AVAS v okviru privatizacije odpisal določene dolgove podjetja (zlasti carinsko terjatev v znesku 800 milijonov EUR), in da bo ponudil jamstvo za plačilo dolgov do nekdanjih hčerinskih družb Daewoo.
As regards the customs claim, Romania provided conclusive information showing that the customs claim was declared unfounded by a national court: the claim originated from the wrongful interpretation and application of national legislation.
Glede carinske terjatve je Romunija predložila odločilne informacije, ki kažejo, da je nacionalno sodišče carinsko terjatev razglasilo za neutemeljeno: terjatev je izvirala iz napačne interpretacije in uporabe nacionalnega prava.
Thus, the customs claim was annulled.
Carinska terjatev je bila tako razveljavljena.
According to the case law of the Court of Justice, national courts must give full effect to Community law provisions regarding State aid.
V skladu s sodno prakso Evropskega sodišča morajo nacionalna sodišča popolnoma uveljavljati določbe prava Skupnosti glede državne pomoči.
Further, national courts may refuse, if necessary, to apply any provision of national law that is contrary to Community law provisions [18].
Nadalje, nacionalno sodišče lahko po potrebi zavrne uporabo katere koli določbe nacionalnega prava, ki je v nasprotju z določbami prava Skupnosti [18].
The Commission assessed the grounds for the annulment of the customs claim through the court judgment and concluded that it did not lead to the granting of new aid.
Komisija je ocenila razloge za razveljavitev carinske terjatve preko sodbe sodišča in ugotovila, da ni vodila k dodelitvi nove pomoči.
As regards current liabilities deriving from the normal course of business, Romania argued that these will not be taken over by AVAS but will be paid by DWAR.
Glede tekočih obveznosti, ki izhajajo iz običajne poslovne dejavnosti, je Romunija trdila, da jih ne bo prevzel AVAS, ampak jih bo plačalo podjetje DWAR.
As regards the guarantee offered by AVAS against contingent liabilities, the Romanian authorities explained that the state guarantee applies only to unknown claims related to DWAR's past activity, which no new investor could have assessed and quantified with due diligence.
Glede jamstva za morebitne obveznosti, ki ga je ponudil AVAS, so romunski organi razložili, da državno jamstvo velja le za neznane terjatve, povezane s preteklo dejavnostjo podjetja DWAR, ki jih noben nov vlagatelj ne bi mogel oceniti in količinsko določiti kot dober gospodar.
Further, Romania asserts that taking over such liabilities is normal business practice under the usual contractual negotiations.
Romunija nadalje trdi, da je prevzem takih obveznosti običajna poslovna praksa v običajnih pogodbenih pogajanjih.
In conclusion, the Commission's doubts as regards the potential debt waiver expressed in the decision to initiate the procedure have been allayed.
Dvomi glede potencialnega odpisa dolga, ki jih je Komisija izrazila v odločitvi za sprožitev postopka, so se torej zmanjšali.
Negotiation phase
Faza pogajanja
When initiating the procedure under Article 88(2) of the EC Treaty, the Commission had doubts whether, during the negotiation phase, AVAS changed the terms of the tender to such an extent as to favour Ford's business plan.
Ko je Komisija sprožila postopek iz člena 88(2) Pogodbe ES, je Komisija dvomila, ali je med fazo pogajanja AVAS spremenil pogoje razpisa v tolikšni meri, da so bili naklonjeni poslovnemu načrtu podjetja Ford.
Romania shows that the changes to other contractual terms which occurred during the negotiation phase are current business practice and are allowed under the privatisation strategy chosen for this company (i.e. negotiations based on final, improved and irrevocable bids).
Romunija razlaga, da so spremembe drugih pogodbenih pogojev, ki so se pojavile med fazo pogajanja, tekoča poslovna praksa in so dovoljene po privatizacijski strategiji, izbrani za to podjetje (tj. pogajanja, ki temeljijo na dokončnih, izboljšanih in nepreklicnih ponudbah).
Romania also stressed that Ford’s offer envisaged the acquisition of the production unit (currently DWAR); in exchange, Ford offered a package comprising the sales price of EUR 57 million plus the non-core assets which will remain in state ownership.
Romunija je poudarila tudi, da je bil v ponudbi podjetja Ford predviden nakup proizvodne enote (trenutno podjetje DWAR); v zameno pa je podjetje Ford ponudilo paket, ki je vključeval prodajno ceno 57 milijonov EUR in stranska sredstva, ki bodo ostala v državni lasti.
During the negotiation phase, AVAS and Ford agreed on a corporate restructuring process which was also laid down in the SPA.
Med fazo pogajanja sta se AVAS in Ford dogovorila o procesu prestrukturiranja podjetja, ki je tudi zapisan v SPA.
Under this corporate restructuring, Automobile Craiova and Mecatim will be merged with DWAR.
V tem prestrukturiranju bosta podjetji Automobile Craiova in Mecatim združeni s podjetjem DWAR.
The core assets (i.e. industrial assets) of all three companies will remain in the ownership of DWAR.
Temeljna sredstva (tj. industrijska sredstva) vseh treh podjetij bodo ostala v lasti podjetja DWAR.
The remaining non-core assets (in particular real estate) will be hived off into a new company (Newco).
Preostala stranska sredstva (zlasti zemljiška posest) bodo prenesena v novo podjetje (Newco).
The net excess cash available to DWAR will also be transferred to Newco.
Čisti presežek denarnih sredstev, do katerih ima podjetje DWAR dostop, bo tudi prenesen v novo podjetje (Newco).
Further, AVAS has undertaken to use its best efforts to acquire the remaining shares of the new DWAR (i.e. core assets) from the minority shareholders and sell them to Ford.
AVAS se je zavezal tudi, da bo po svojih najboljših močeh skušal kupiti preostale deleže novega podjetja DWAR (tj. temeljna sredstva) od manjšinskih delničarjev in jih prodati podjetju Ford.
The arguments put forward by Romania have allayed the Commission’s doubts regarding the negotiation phase.
Argumenti, ki jih je predstavila Romunija, so zmanjšali dvome Komisije glede faze pogajanja.
The measure is selective as it favours only Automobile Craiova, including the car producer DWAR.
Ukrep je selektiven, saj daje prednost le podjetju Automobile Craiova, vključno s proizvajalcem avtomobilov DWAR.
Automobile Craiova is a car and spare parts producer and DWAR a car producer, these products being widely traded across the European Union.
Podjetje Automobile Craiova je proizvajalec avtomobilov in rezervnih delov in podjetje DWAR je proizvajalec avtomobilov, kar so proizvodi, s katerimi se veliko trguje v Evropski uniji.
Thus, the measure threatens to distort competition and to affect trade between Member States.
Ukrep bi torej lahko izkrivljal konkurenco in vplival na trgovino med državami članicami.
In view of the considerations set out above, the Commission concludes that the conditions attached entail State aid because they lead to a reduction in the sales price for the 72,4 % stake in Automobile Craiova and confer an advantage on the privatised economic entity.
Z vidika zgornjih ocen Komisija ugotavlja, da vezani pogoji vključujejo državno pomoč, saj vodijo v znižanje prodajne cene za delež 72,4 % v podjetju Automobile Craiova in prinašajo ugodnost za privatizirano podjetje.
The Commission notes that the economic activity benefits from the advantage conferred and from State aid.
Komisija ugotavlja, da je gospodarska dejavnost prejemnik ugodnosti in državne pomoči.
Quantification of the aid
Količinska določitev pomoči
The amount of State aid granted is equal to the difference between the market value of the company (i.e. the highest possible price which AVAS would have obtained for the 72,4 % participation in Automobile Craiova if no conditions had been attached) and the price actually received.
Količina dodeljene državne pomoči je enaka razliki med tržno vrednostjo podjetja (tj. najvišja možna cena, ki bi jo AVAS dosegel za 72,4 % udeležbo v podjetju Automobile Craiova, če ne bi bili vezani nobeni pogoji) in dejansko prejeto ceno.
This difference was borne by the State.
To razliko je krila država.