natgillin/translations-raw huggingface dataset:
assets transfer to the winding-up institution FMS Wertmanagement AöR, notified on 10 September 2010,
prenos sredstev na slabo banko FMS Wertmanagement AöR, priglašen 10. septembra 2010,
is compatible with the internal market on the basis of Article 107(3)(b) of the Treaty on the Functioning of the European Union in the light of the commitments set out in the Annex to this Decision.
je združljiva z notranjim trgom na podlagi člena 107(3)(b) Pogodbe o delovanju Evropske unije ob upoštevanju zavez iz priloge k temu sklepu.
Germany shall ensure that, from the notification of this Decision, detailed quarterly reports are submitted to the Commission on the measures taken to comply with it, in line with the time schedule set out in the Annex to the commitments.
Nemčija bo od sprejetja tega sklepa Komisiji vsako četrtletje predložila poročilo o ukrepih, ki jih je sprejela za uskladitev s tem sklepom, v skladu s časovnim razporedom za izvajanje zavez iz priloge.
With effect from 1 December 2009, Articles 87 and 88 °f the EC Treaty have become Articles 107 and 108, respectively, of the TFEU.
Z učinkom od 1. decembra 2009 sta člena 87 in 88 Pogodbe ES postala člen 107 oziroma člen 108 Pogodbe o delovanju Evropske unije.
For the purposes of this Decision, references to Articles 107 and 108 of the TFEU should be understood as references to Articles 87 and 88, respectively, of the EC Treaty where appropriate.
V tem sklepu je treba sklicevanje na člena 107 in 108 Pogodbe o delovanju Evropske unije razumeti kot sklicevanje na člena 87 in 88 Pogodbe ES, kadar je to primerno.
OJ C 240, 7.10.2009, p. 11; OJ C 13, 20.1.2010, p. 58; OJ C 300, 6.11.2010, p. 6.
UL C 240, 7.10.2009, str. 11; UL C 13, 20.1.2010, str. 58; UL C 300, 6.11.2010, str. 6.
Commission decision of 2 October 2008 (OJ C 293, 15.11.2008, p. 1).
Odločba Komisije z dne 2. oktobra 2008 (UL C 293, 15.11.2008, str. 1).
Commission decision of 12 December 2008 in case N 625/08 (OJ C 143, 24.6.2009, p. 1).
Odločba Komisije z dne 12. decembra 2008 o zadevi N 625/08 (UL C 143, 24.6.2009, str. 1).
Commission decision of 7 May 2009, replaced by decision of 24 July 2009 in case C 15/09 (ex N 196/09) (OJ C 240, 7.10.2009, p. 11).
Odločba Komisije z dne 7. maja 2009, ki je bila nadomeščena z odločbo z dne 24. julija 2009 v zadevi C 15/09 (ex N 196/09) (UL C 240, 7.10.2009, str. 11).
According to Germany, the SoFFin guarantee amounting to EUR 2 billion for HRE’s winding-up institution was never formally requested by HRE or approved by SoFFin.
Po navedbah Nemčije banka HRE ni nikoli uradno zaprosila za jamstvo sklada SoFFin v višini 2 milijard EUR za slabo banko, sklad SoFFin pa ga ni nikoli odobril.
Commission decision of 13 November 2009 in cases C 15/09 (ex N 196/09), N 333/09 and N 557/09 (OJ C 13, 20.1.2010, p. 58).
Odločba Komisije z dne 13. novembra 2009 v zadevah C 15/09 (ex N 196/09), N 333/09 in N 557/09 (UL C 13, 20.1.2010, str. 58).
Commission decision of 21 December 2009 in case N 694/09 (OJ C 25, 2.2.2010, p. 14).
Sklep Komisije z dne 21. decembra 2009 v zadevi N 694/09 (UL C 25, 2.2.2010, str. 14).
Commission decision of 19 May 2010 in case N 161/10 (OJ C 190, 14.7.2010, p. 7).
Odločba Komisije z dne 19. maja 2010 v zadevi N 161/10 (UL C 190, 14.7.2010, str. 7).
Winding-up institution of HRE.
Slaba banka banke HRE.
Commission decision of 24 September 2010 in cases C 15/09 (ex N 196/09) and N 380/10 (OJ C 300, 6.11.2010, p. 6).
Sklep Komisije z dne 24. septembra 2010 v zadevah C 15/09 (ex N 196/09) in N 380/10 (UL C 300, 6.11.2010, str. 6).
For further information on the HRE group and its problems see the opening decision and the decisions on the extension of the procedure.
Za nadaljnje informacije o skupini HRE in njenih težavah glej odločitev o začetku postopka in odločitve o podaljšanju postopka.
HRE Finance i.L. was created in 2007 for the purpose of one specific securities transaction and has been in liquidation since 2008.
Družba HRE Finance i.L. je bila ustanovljena leta 2007 za posebno transakcijo z vrednostnimi papirji in je v postopku likvidacije od leta 2008.
It has no employees and its balance sheet total at the end of 2010 was only EUR 275000.
Nima zaposlenih, njena skupna bilanca stanja konec leta 2010 pa je bila samo 275000 EUR.
Commission decision of 27 October 2008 in case N 512/08, Rettungspaket für Kreditinstitute in Deutschland, replaced by Commission decision of 12 December 2008 in case N 625/08, Rettungspaket für Finanzinstitute in Deutschland (OJ C 143, 24.6.2009, p. 1).
Odločba Komisije z dne 27. oktobra 2008 v zadevi N 512/08, Rettungspaket für Kreditinstitute in Deutschland, ki jo je nadomestila odločba Komisije z dne 12. decembra 2008 v zadevi N 625/08, Rettungspaket für Finanzinstitute in Deutschland (UL C 143, 24.6.2009, str. 1).
According to Germany, the EUR 2 billion for the winding-up institution was never formally requested by HRE or approved by SoFFin.
Po navedbah Nemčije banka HRE nikoli ni uradno zaprosila za 2 milijardi EUR za slabo banko, sklad SoFFin pa tega zneska ni nikoli odobril.
The Commission did not approve that guarantee.
Komisija tega jamstva ni odobrila.
The full commitments document is annexed to this Decision.
Celotni dokument z zavezami je priložen temu sklepu.
PBB has an established branch network in core markets but not in the further markets.
Banka PBB ima uveljavljeno mrežo podružnic na temeljnih trgih, ne pa tudi na drugih trgih.
Commission decision of 2 October 2008 (OJ C 293, 15.11.2008, p. 1); Commission decision of 7 May 2009, replaced by the decision of 24 July 2009 in case C 15/09 (ex N 196/09) (OJ C 240, 7.10.2009, p. 11); Commission decision of 13 November 2009 in cases C 15/09 (ex N 196/09), N 333/09 and N 557/09) (OJ C 13, 20.1.2010, p. 58); Commission decision of 21 December 2009 in case N 694/09 (OJ C 25, 2.2.2010, p. 14); Commission decision of 19 May 2010 in case N 161/10 (OJ C 190, 14.7.2010, p. 7); Commission decision of 24 September 2010 in cases C 15/09 (ex N 196/09) and N 380/10 (OJ C 300, 6.11.2010, p. 6).
Odločba Komisije z dne 2. oktobra 2008 (UL C 293, 15.11.2008, str. 1); odločba Komisije z dne 7. maja 2009, nadomeščena z odločbo z dne 24. julija 2009 v zadevi C 15/09 (ex N 196/09) (UL C 240, 7.10.2009, str. 11); odločba Komisije z dne 13. novembra 2009 v zadevah C 15/09 (ex N 196/09), N 333/09 in N 557/09) (UL C 13, 20.1.2010, str. 58); odločba Komisije z dne 21. decembra 2009 v zadevi N 694/09 (UL C 25, 2.2.2010, str. 14); odločba Komisije z dne 19. maja 2010 v zadevi N 161/10 (UL C 190, 14.7.2010, str. 7); odločba Komisije z dne 24. septembra 2010 v zadevah C 15/09 (ex N 196/09) in N 380/10 (UL C 300, 6.11.2010, str. 6).
This commitment with regard to winding-up does not per se prejudice the possibility that Germany might sell parts of DEPFA Bank plc or the entire DEPFA Bank plc or any of its subsidiary companies at a later date.
Ta zaveza glede likvidacije sama po sebi ne posega v možnost, da Nemčija dele banke DEPFA Bank plc, celotno banko ali katero od njenih podružnic proda kasneje.
If such sales were to take place before the end of December 2013, they would be notified to the Commission and would not be effected before the Commission had given its approval.
Če naj bi bile takšne prodaje izvedene pred koncem decembra 2013, bi bile priglašene Komisiji, izvedene pa ne bi bile pred pridobitvijo soglasja Komisije.
In a scenario in which the DEPFA Bank plc group or any of its parts were to start to recommence operations on the market, this commitment enables the Commission to examine whether any state aid from which the DEPFA Bank plc had benefited was distorting competition and — if necessary — to take appropriate measures to reduce such distortion.
V scenariju, v katerem skupina DEPFA Bank plc ali kateri od njenih delov ponovno začne z izvajanjem dejavnosti na trgu, ta zaveza omogoča Komisiji, da preuči, ali katera od državnih pomoči za banko DEPFA Bank plc izkrivlja konkurenco, in po potrebi sprejme ustrezne ukrepe za zmanjšanje izkrivljanja.
See, for example, Commission decision of 31 March 2011 in case SA.32745 (2011/NN, Kommunalkredit, not yet published).
Glej npr. Odločbo Komisije z dne 31. marca 2011 v zadevi SA.32745 (2011/NN, Kommunalkredit, še ni objavljena).
Cf. Commission Decision 2010/395/EU in case C 17/09, LBBW (OJ L 188, 21.7.2010, p. 1), and Commission Decision 2010/608/EC in case C 10/09 ING (OJ L 274, 19.10.2010, p. 139).
Glej Sklep Komisije 2010/395/EU v zadevi C 17/09, LBBW (UL L 188, 21.7.2010, str. 1), in Odločbo Komisije 2010/608/ES v zadevi C 10/09 ING (UL L 274, 19.10.2010, str. 139).
Cf. Commission Decision 2010/395/EU.
Sklep Komisije 2010/395/EU.
In that regard the Commission agrees with the observations of Heisse Kursawe Eversheds that the aid to HRE can be approved only on the basis of a sustainable restructuring plan.
S tem v zvezi se Komisija strinja z ugotovitvami pravne pisarne Heisse Kursawe Eversheds, da se lahko pomoč banki HRE odobri samo na podlagi trajnostnega načrta prestrukturiranja.
In line with case practice the viability of parts of the group that are in run-down mode, such as DEPFA Bank plc, is not assessed.
V skladu s sodno prakso uspešno poslovanje delov skupine, ki so izčrpani, kot je banka DEPFA Bank plc, ni ocenjeno.
The stress case scenario basically assumes a sovereign shock as in the CEBS stress test of 2010 and a ‘double dip’ scenario, affecting provisions for contingent loan losses, the amount of RWAs and prolongation rates.
Izredni scenarij v bistvu predvideva največji šok kot pri obremenitvenem preskusu Odbora evropskih bančnih nadzornikov (CEBS) v letu 2010 in „scenariju W“, ki vpliva na sredstva za izgube zagotovljenih posojil, znesek tveganju prilagojenih aktiv in stopnje podaljšanja.
That portfolio does not contain the assets that have been transferred to the winding-up institution FMS-WM.
Ta portfelj ne obsega sredstev, ki so bila prenesena na slabo banko FMS-WM.
Certain persons (e.g. executive board members, supervisory board members) are not included in those figures.
Nekatere osebe (npr. člani izvršnega odbora, člani nadzornega odbora) v te številke niso vključene.
See point 22 of the Restructuring Communication.
Glej uvodno izjavo 22 Sporočila o prestrukturiranju.
That highly distressed status of the bank in the past can also be seen as the reason why Germany decided to take the bank into state ownership.
Ta zelo oslabljen položaj banke v preteklosti se lahko upošteva tudi kot razlog za to, da se je Nemčija odločila za državno lastništvo banke.
In general, the Commission considers that the purchase of existing shares and the takeover of assets do not favour a company inasmuch as they amount to a mere change of ownership.
Na splošno Komisija meni, da nakup obstoječih delnic in prevzem sredstev nista toliko koristila podjetju, ker sta prinesla samo spremembo lastništva.
The compensation paid to the minority shareholder does not therefore constitute state aid to HRE within the meaning of Article 107(1) TFEU, since it does not provide the company with an advantage stemming from state resources.
Nadomestilo, plačano manjšinskim delničarjem, zato ne pomeni državne pomoči banki HRE v smislu člena 107(1) PDEU, ker družbi ne zagotavlja prednosti na podlagi državnih sredstev.
See also Commission decision of 16 February 2009 in case N 61/09, Change of ownership of Anglo-Irish Bank Corporation plc (OJ C 177, 30.7.2009, p. 2), and Commission decision of 2 April 2008 in case C 14/08 Northern Rock (OJ C 135, 3.6.2008, p. 21).
Glej tudi odločbo Komisije z dne 16. februarja 2009 v zadevi N 61/09, Sprememba lastništva Anglo-Irish Bank Corporation plc (UL C 177, 30.7.2009, str. 2), in odločbo Komisije z dne 2. aprila 2008 v zadevi C 14/08 Northern Rock (UL C 135, 3.6.2008, str. 21).
COMMITMENTS DOCUMENT IN STATE AID PROCEEDINGS SA.28264 (C 15/09) HYPO REAL ESTATE — GERMANY
DOKUMENT O ZAVEZAH V POSTOPKU V ZVEZI Z DRŽAVNO POMOČJO SA.28264 (C 15/09) HYPO REAL ESTATE – NEMČIJA
Restriction of new business to the PBB sub-group
Omejitev novih dejavnosti na podskupino banke PBB
Reprivatisation of the PBB sub-group
Ponovna privatizacija podskupine banke PBB
Restriction of growth of the PBB sub-group
Omejitev rasti podskupine banke PBB
Active reduction of the business activities of the DEPFA plc sub-group
Dejavno zmanjšanje poslovnih dejavnosti podskupine banke DEPFA plc
Winding-up institution
Slaba banka
Active reduction and run-down of business lines
Dejavno zmanjšanje in postopno ukinjanje poslovnih linij
Reduction in market presence
Zmanjšanje prisotnosti na trgu
Other commitments
Druge zaveze
Terms and conditions of divestiture
Pogoji odsvojitve
Monitoring Trustee
Fiduciar za spremljanje
Annex — The Trustee
Priloga – Fiduciar
A Appointment
A Imenovanje
B Duties and obligations of Trustees
B Naloge in obveznosti fiduciarjev
C Duties and obligations of HRE
C Naloge in obveznosti banke HRE
D Replacement, discharge and reappointment of the Trustee
D Zamenjava, razrešitev in ponovno imenovanje fiduciarja
The Federal Republic of Germany (‘Germany’) will ensure that the restructuring plan submitted on 1 April 2009 and updated on 14 June 2011 (‘restructuring plan’) for Hypo Real Estate Konzernverbund (‘HRE’) including the commitments set out below (‘commitments’) is implemented in full within the periods specified (‘periods’) in each case.
Zvezna republika Nemčija (v nadaljnjem besedilu: Nemčija) bo zagotovila, da bo načrt prestrukturiranja, predložen 1. aprila 2009 in posodobljen 14. junija 2011 (v nadaljnjem besedilu: načrt prestrukturiranja) za družbo Hypo Real Estate Konzernverbund (v nadaljnjem besedilu: banka HRE), vključno z zavezami v nadaljevanju (v nadaljnjem besedilu: zaveze) izveden v celoti v obdobjih (v nadaljnjem besedilu: obdobja), določenih za vsako zadevo.
The purpose of this Commitments Document is to enable the European Commission to take a decision under procedure SA.28264 (C 15/09) which approves the State aid notified by Germany, in particular the implementation of recapitalisation measures and guarantees and all measures associated with the establishment, staffing and servicing of the winding-up institution ‘FMS-Wertmanagement’ (‘winding-up institution’) by HRE companies.
Namen tega dokumenta o zavezah je Evropski komisiji omogočiti, da sprejme odločitev v okviru postopka št. SA.28264 (zadeva št. C 15/09) o odobritvi državne pomoči, ki jo je priglasila Nemčija, zlasti izvajanja ukrepov dokapitalizacije in jamstev ter vseh ukrepov, povezanih z ustanovitvijo, osebjem in oskrbo slabe banke „FMS-Wertmanagement“ (v nadaljnjem besedilu: slaba banka) s strani družb banke HRE.
On reprivatisation of Deutsche Pfandbriefbank AG (‘PBB’), DEPFA BANK plc (‘DEPFA plc’) and of the participations held by DEPFA plc in Hypo Public Finance Bank plc (‘HPFB’), Hypo Pfandbrief Bank International SA (‘HPBI’) and DEPFA ACS Bank plc (‘ACS’), all obligations arising from this Commitments Document will cease to apply to the reprivatised company.
Ob ponovni privatizaciji banke Deutsche Pfandbriefbank AG (v nadaljnjem besedilu: banka PBB), banke DEPFA BANK plc (v nadaljnjem besedilu: banka DEPFA plc) in udeležb banke DEPFA plc v banki Hypo Public Finance Bank plc (v nadaljnjem besedilu: banka HPFB), banke Hypo Pfandbrief Bank International S.A. (v nadaljnjem besedilu: banka HPBI) in banke DEPFA ACS Bank plc (v nadaljnjem besedilu: banka ACS) vse obveznosti iz tega dokumenta o zavezah za ponovno privatizirano podjetje prenehajo veljati.
Germany will ensure that, as of notification of the final Commission decision on the compatibility of the State aid implemented for HRE with the common market (‘decision’) at the latest, HRE restricts its new business to the PBB sub-group.
Nemčija bo zagotovila, da banka HRE najkasneje od uradnega obvestila o končnem sklepu Komisije o združljivosti državne pomoči za banko HRE s skupnim trgom (v nadaljnjem besedilu: sklep) svoje nove dejavnosti omeji na podskupino banke PBB.
Germany will ensure that all other HRE companies conduct no new business but allow their existing business to run down.
Nemčija bo zagotovila, da nobena od drugih družb banke HRE ne bo opravljala novih dejavnosti, vendar bo omogočila, da se njihove obstoječe dejavnosti izčrpajo.
The PBB sub-group will become active as a specialised commercial bank for Pfandbrief-eligible real estate finance and Pfandbrief-eligible public investment finance in the countries referred to in paragraph 8.4:
Podskupina PBB bo postala dejavna kot specializirana komercialna banka za financiranje nepremičnin, upravičenih do kritih obveznic, in financiranje javnih naložb, upravičenih do kritih obveznic, v državah iz odstavka 8.4:
In the business line of real estate finance all activities of the PBB sub-group in commercial real estate finance will be associated with professional real estate clients.
v poslovni liniji financiranja nepremičnin bodo vse dejavnosti podskupine banke PBB na področju financiranja komercialnih nepremičnin povezane s strankami, ki se poklicno ukvarjajo z nepremičninami;
The business line of public investment finance will comprise exclusively medium- or long-term financing of public projects which are either in the public interest or serve to safeguard the productivity potential, including services which are closely linked with such financing.
poslovna linija financiranja javnih naložb bo obsegala samo srednje- ali dolgoročno financiranje javnih projektov, ki so v javnem interesu ali so namenjeni varovanju potenciala za produktivnost, vključno s storitvami, ki so tesno povezane s takšnim financiranjem.
The product catalogue of the PBB sub-group will therefore be limited to investment financing of the following activities:
Katalog proizvodov podskupine banke PBB bo tako omejen na financiranje naložb naslednjih dejavnosti:
public sector facilities (administrative and special-purpose facilities, educational and cultural establishments, and sports facilities);
objekti v javnem sektorju (upravni in namenski objekti, izobraževalne in kulturne ustanove ter športni objekti);
construction of local authority housing (social housing, housing associations, student housing);
izgradnja socialnih objektov (socialna stanovanja, stanovanjska združenja, študentske nastanitve);
utility supply and waste disposal (energy generation, water collection and supply, waste water disposal and processing, refuse disposal and recycling);
oskrba in odstranjevanje odpadkov (proizvodnja energije, zbiranje vode in oskrba z vodo, odstranjevanje odpadne vode in njena predelava, odstranjevanje odpadkov in recikliranje);
essential infrastructure (networks and facilities for road, waterway, rail and air transport, transport and equipment fleets for local and long-distance transport, and systems and facilities for intelligence and defence);
osnovna infrastruktura (omrežja in objekti za cestni, zračni in železniški prevoz ter prevoz po celinskih plovnih poteh, vozni parki ter oprema za lokalni prevoz in prevoz na dolge razdalje, sistemi in objekti za obveščanje in obrambo);
health and age care (medical health and care facilities and administrative and insurance facilities).
zdravstveno varstvo in varstvo starejše populacije (objekti za zdravstveno varstvo in nego ter upravni objekti in objekti za zavarovanja).
With regard to customers within the public sector, the PBB sub-group will restrict itself to:
Glede strank v javnem sektorju se bo podskupina banke PBB omejila na:
financing which is concluded directly with a public-sector borrower that is recognised as eligible for cover under the German Pfandbrief Act on the basis of a specific restricted use commitment, in accordance with the above product catalogue;
financiranje, ki je sklenjeno neposredno s kreditojemalcem javnega sektorja, priznanim kot upravičenim za kritje na podlagi nemškega zakona o hipotekarnih obveznicah na podlagi posebne zaveze o omejeni uporabi, v skladu z navedenim katalogom proizvodov;
financing for companies with a public or private legal status and financial basis which are secured by a public guarantee within the meaning of the Pfandbrief Act (transport and utility companies, public utility companies, special-purpose associations, management companies, non-profit businesses, associations);
financiranje podjetij z javnim ali zasebnim pravnim statusom in finančno osnovo, ki je zavarovano z javnim jamstvom v smislu zakona o hipotekarnih obveznicah (prevozna in komunalna podjetja, javna komunalna podjetja, namenska združenja, družbe za upravljanje premoženja, neprofitna podjetja, združenja);
financing for special-purpose companies secured by a public guarantee within the meaning of the Pfandbrief Act (special-purpose companies for PPP/PFI projects, investment companies for buildings and facilities, capital goods covered by an export credit guarantee/ECA).
financiranje namenskih podjetij, zavarovano z javnim jamstvom v smislu zakona o hipotekarnih obveznicah (namenska podjetja za projekte javno-zasebnih partnerstev ali zasebnih finančnih pobud, investicijske družbe za zgradbe in objekte, industrijsko blago, krito z jamstvi za izvozna posojila/ECA).
With regard to the financing structures, these activities will take account of the cash flows generated by the project/object and/or a public guarantee or other public safeguard within the meaning of the Pfandbrief Act.
Glede struktur financiranja bodo te dejavnosti upoštevale denarne tokove, ki jih ustvari projekt/objekt in/ali javno jamstvo ali drugo javno varovalo v smislu zakona o hipotekarnih obveznicah.
A report on expenditure of funds will be obtained for all new public investment financing.
Poročilo o izdatkih sredstev se pridobi za vse nove dejavnosti financiranja javnih naložb.
Public investment financing by the PBB sub-group will not include financing of purely budgetary resources, liquidity bridging, short-term lending and advances on current accounts for day-to-day operation.
Financiranje javnih naložb s strani podskupine banke PBB ne bo obsegalo financiranja samo proračunskih sredstev, premoščanja likvidnosti, kratkoročnih posojil in predplačil na tekočih računih za vsakodnevno poslovanje;
The PBB sub-group can undertake restructuring and prolongation of existing assets in so far as this is necessary in order to maintain value and for efficient management of the cover pools.
podskupina banke PBB lahko izvaja prestrukturiranje in podaljševanje obstoječih sredstev, če je to potrebno za ohranjanje vrednosti in učinkovito upravljanje kritnega premoženja;
In so far as is necessary for regulatory or other legal reasons (e.g. requirements under Basel III, MaRisk, EBA/CEBS or the Pfandbrief Act which can only be guaranteed by government bonds which are fungible or required by the regulator), the PBB sub-group may, notwithstanding the suspension of the budget financing business, continue to acquire, hold and sell approved securities for management of the cover pools of the PBB sub-group and for liquidity management.
če je to potrebno zaradi regulativnih ali drugih pravnih razlogov (npr. zahtev na podlagi Basla III, MaRisk, EBA/CEBS ali zakona o hipotekarnih obveznicah, ki so lahko zajamčene samo z zamenljivimi državnimi obveznicami ali zahtevane s strani upravnega organa), lahko podskupina banke PBB, ne glede na prepoved opravljanja dejavnosti financiranja proračuna, še naprej pridobiva, ima v lasti in prodaja odobrene vrednostne papirje za upravljanje kritega premoženja podskupine banke PBB in upravljanje likvidnosti.
This does not include any budget finance business as a strategic business activity.
To ne vključuje morebitnih dejavnosti financiranja proračuna kot strateške poslovne dejavnosti.
Germany will ensure that reprivatisation of the PBB sub-group in accordance with the terms and conditions of sale set out in paragraph 11 takes place without delay, but by 31 December 2014 at the latest, under economically sustainable conditions, namely by sale to one or more purchasers which are independent of Germany and the HRE, if necessary by means of flotation.
Nemčija bo zagotovila, da bo ponovna privatizacija podskupine banke PBB v skladu s pogoji prodaje iz odstavka 11 izvedena brez odlašanja, vendar najkasneje do 31. decembra 2014, v gospodarsko trajnostnih pogojih, namreč s prodajo enemu kupcu ali več kupcem, ki so neodvisni od Nemčije in banke HRE, po potrebi s flotacijo.