natgillin/translations-raw huggingface dataset:
The Commission confirmed that view by adopting in December 2010 a Communication that prolongs until 31 December 2011 the application of state aid rules to support measures in favour of banks in the context of the financial crisis [73].
Komisija je to stališče potrdila, ko je decembra 2010 sprejela Sporočilo, ki do 31. decembra 2011 podaljšuje uporabo pravil o državni pomoči za podporo ukrepov v korist bank v okviru finančne krize [73].
The Commission has since extended the application of those rules beyond 31 December 2011 [74].
Komisija je po sprejetju navedenega sporočila že podaljšala uporabo teh pravil po 31. decembru 2011 [74].
In 2008, WestLB transferred a portfolio of structured securities to a special purpose vehicle ("SPV") called Phoenix Light, a private limited company established under Irish law, ring-fencing securities [14] with a total nominal volume of approximately EUR 23 billion off WestLB's balance sheet. The SPV was secured by guarantees of WestLB's shareholders which were given on 8 February 2008 to cover actual payment defaults of up to EUR 5 billion (hereinafter called "the risk shield for the Phoenix portfolio") and which were approved by the May 2009 Decision [15].
Banka WestLB je leta 2008 prenesla portfelj strukturiranih vrednostnih papirjev na pravni subjekt s posebnim namenom Phoenix Light, ki je družba z omejeno odgovornostjo, ustanovljena v skladu z irsko zakonodajo, s čimer so bili iz bilance stanja banke WestLB izločeni vrednostni papirji [14] s skupno nominalno vrednostjo približno 23 milijard EUR. Pravni subjekt s posebnim namenom je bilo zavarovan z jamstvi delničarjev banke WestLB, ki so bila 8. februarja 2008 dodeljena za kritje dejanskih neplačil v znesku do 5 milijard EUR (v nadaljnjem besedilu: zaščita pred tveganji za portfelj Phoenix) in odobrena z odločbo iz maja 2009 [15].
In the present Decision only the June 2011 restructuring plan will therefore be examined. b. THE JUNE 2011 RESTRUCTURING PLAN
b. NAČRT PRESTRUKTURIRANJA IZ JUNIJA 2011
Instead, it recalls its decision-making practice to the effect that in the Impaired Assets Communication the Commission provided guidance on the treatment under Article 107(3)(b) TFEU of asset relief measures adopted by Member States on the basis that "Impaired assets correspond to categories of assets on which banks are likely to incur losses. The Commission considers that the IAC must cover any kind of support measures targeting impaired assets and subsequently providing effective asset relief to the recipient institution because the IAC defines asset relief as any measure whereby a bank is dispensed from the need for severe downward value adjustments of certain asset classes" [63].
Namesto tega opozarja na svojo prakso odločanja, in sicer je Komisija v Sporočilu o oslabljenih sredstvih predložila navodila za obravnavo ukrepov finančne pomoči za oslabljena sredstva iz člena 107(3)(b) PDEU, ki so jih sprejele države članice, na podlagi tega, da „oslabljena sredstva ustrezajo kategorijam sredstev, v zvezi s katerimi bodo banke verjetno imele izgube. Komisija meni, da mora Sporočilo o oslabljenih sredstvih zajemati vse vrste podpornih ukrepov za oslabljena sredstva, ki posledično zagotavljajo učinkovito finančno pomoč za sredstva instituciji prejemnici, ker je v Sporočilu o oslabljenih sredstvih finančna pomoč za sredstva opredeljena kot kakršen koli ukrep, zaradi katerega banki ni treba opraviti izrednih prilagoditev vrednosti nekaterih kategorij sredstev navzdol“ [63].
in the course of 2011 and before 30 June 2012 at the latest, the so-called Verbundbank activities – i.e. those business activities that are focused on cooperation with the regional savings banks – will be carved out in order to accommodate the resulting Verbundbank in the network of the savings banks. Helaba has indicated its willingness to take over the Verbundbank;
med letom 2011 in najpozneje do 30. junija 2012 bodo tako imenovane dejavnosti Verbundbank, tj. poslovne dejavnosti, ki so namenjene zlasti sodelovanju z regionalnimi hranilnicami, izločene, da se bo nova Verbundbank vključila v omrežje hranilnic; Helaba je izrazila pripravljenost za prevzem Verbundbank;
In addition, there is unlikely to be a sale of WestLB if a potential buyer had to repay the EUR 3,4 billion to Germany. In consequence, Germany has submitted the June 2011 restructuring plan which provides for a liquidation of WestLB within 12 months.
Poleg tega verjetno ne bi prišlo do prodaje banke WestLB, če bi moral potencialni kupec Nemčiji vrniti 3,4 milijarde EUR. Nemčija je posledično predložila načrt prestrukturiranja iz junija 2011, v katerem je predvidena likvidacija banke WestLB v 12 mesecih.
The carve-out portfolio will amount to approximately EUR [5-10] billion, including – on a sub-portfolio level – an unsecured commercial real estate portfolio, a portfolio with assets in Japan, and a bond and retail mortgage loan portfolio of EUR [2-4] billion that has already been transferred to the EAA synthetically in the context of the first transfer and is currently used as collateral in the covered bonds pool. After the transfer WestImmo will be a much smaller bank holding assets of approximately EUR [16-23] billion at inception.
Izločeni portfelj bo znašal približno [5–10] milijard EUR, kar na ravni podportfeljev vključuje nezavarovan poslovni nepremičninski portfelj, portfelj s sredstvi na Japonskem ter portfelj z obveznicami in hipotekarnimi posojili v znesku [2–4] milijarde EUR, ki je bil na EAA umetno prenesen že med prvim prenosom in se zdaj uporablja za zavarovanje kritih obveznic.
The establishment of the EAA had to be preceded by a capital injection of EUR 3 billion by SoFFin into WestLB (hereinafter called "the capital injection"). That capital injection was made in three instalments, on 23 December 2009 (EUR 672 million), 4 January 2010 (EUR 1.5 billion) and 30 April 2010 (EUR 828 million).
Pred ustanovitvijo banke EAA je moral sklad SoFFin banko WestLB dokapitalizirati (v nadaljnjem besedilu: dokapitalizacija) za 3 milijarde EUR. Dokapitalizacija je bila izvedena v treh delih, in sicer 23. decembra 2009 (672 milijonov EUR), 4. januarja 2010 (1,5 milijarde EUR) in 30. aprila 2010 (828 milijonov EUR).
shareholder: NRW 48 %, regions 2 %, Savings banks: 50 %
Delničarji: NRW 48 %, regije 2 %, hranilnice: 50 %
Phoenix
Phoerix
The mitigating factors are the above-mentioned (recital 93) EUR 3,267 billion for the EAA's capital; EUR 882 million through foregoing grandfathered liabilities; and EUR 268 million through the transfer of Credit-Linked Notes inside the Phoenix structure. Therefore the state aid amount totals EUR 10,812 billion, i.e. EUR 15,229 billion - EUR 4,417 billion.
Med olajševalne dejavnike spadajo zgoraj navedeni (uvodna izjava (91) 3,267 milijarde EUR za kapital banke EAA; 882 milijonov EUR prek odrekanja podedovanim obveznostim in 268 milijonov EUR prek prenosa zapisov s kreditno navezavo znotraj strukture Phoenix. Zato znesek državne pomoči znaša 10,812 milijarde EUR, tj. 15,229 milijarde EUR – 4,417 milijarde EUR.
on State aid No SA.29041 (C 28/2009, ex N 433/2009) Support measures in favour of Oltchim SA Râmnicu Vâlcea
o državni pomoči št. SA.29041 (C 28/2009, ex N 433/2009) Podporni ukrepi v korist podjetja Oltchim SA Râmnicu Vâlcea
(notified under document C(2012) 1369)
(notificirano pod dokumentarno številko C(2012) 1369)
Having regard to the Treaty on the Functioning of the European Union (hereinafter: ‘TFEU’), and in particular the first subparagraph of Article 108(2) thereof [1],
ob upoštevanju Pogodbe o delovanju Evropske unije (v nadaljnjem besedilu: PDEU) in zlasti prvega pododstavka člena 108(2) [1] Pogodbe,
Having regard to the decision by which the Commission decided to initiate the procedure laid down in Article 108(2) TFEU in respect of the aid C 28/2009 (ex N 433/2009) [2],
ob upoštevanju odločitve Komisije, da začne postopek na podlagi člena 108(2) PDEU glede ukrepa pomoči št. C 28/2009 (ex N 433/2009) [2],
Having called on interested parties to submit their comments pursuant to the provisions cited above, and having regard to their comments,
po pozivu zainteresiranim stranem, naj predložijo svoje pripombe v skladu z navedenimi določbami in ob upoštevanju teh pripomb,
On 17 July 2009 Romania notified two support measures (hereinafter: ‘the notification’) in favour of Oltchim SA Râmnicu Vâlcea (hereinafter: ‘Oltchim’ or ‘the company’): (i) the conversion of debt towards the public authorities amounting to RON 538 million (approximately EUR 128 million [3]) into equity and (ii) a state guarantee covering 80 % of a commercial loan amounting to EUR 424 million. Romania notified these state support measures for reasons of legal certainty, arguing that they did not involve state aid within the meaning of Article 107(1) TFEU.
17. julija 2009 je Romunija priglasila dva podporna ukrepa (v nadaljnjem besedilu: priglasitev) v korist podjetja Oltchim SA Râmnicu Vâlcea (v nadaljnjem besedilu: Oltchim ali podjetje): (i) pretvorbo dolga do državnih organov v višini 538 milijonov RON (približno 128 milijonov EUR [3]) v lastniški kapital in (ii) državno jamstvo, ki krije 80 % komercialnega posojila v višini 424 milijonov EUR. Romunija je priglasila navedena državna podporna ukrepa zaradi pravne varnosti z utemeljitvijo, da ne pomenita državne pomoči v smislu člena 107(1) PDEU.
Prior to this notification, on 10 April 2008, PCC SE (hereinafter: ‘PCC’), a company based in Duisburg, Germany, which currently owns a minority stake of 18,31 % in Oltchim, submitted a formal complaint, alleging that the planned debt-to-equity conversion involved incompatible state aid.
Pred priglasitvijo, dne 10. aprila 2008, je podjetje PCC SE (v nadaljnjem besedilu: PCC), s sedežem v mestu Duisburg v Nemčiji, ki ima trenutno v podjetju Oltchim v lasti manjšinski delež v višini 18,31 %, vložilo uradno pritožbo, v kateri trdi, da načrtovana pretvorba dolga v lastniški kapital pomeni nezdružljivo državno pomoč.
Following the registration of the complaint, the Commission exchanged correspondence and information with the Romanian authorities, Oltchim and the complainant, and met on several occasions with the Romanian authorities and representatives of Oltchim, on the one hand, and with representatives of the complainant, on the other hand.
Po evidentiranju pritožbe je Komisija izmenjala korespondenco in informacije z romunskimi organi, podjetjem Oltchim in pritožnikom ter se večkrat sestala z romunskimi organi in predstavniki podjetja Oltchim na eni strani in predstavniki pritožnika na drugi strani.
On 15 September 2009 the Commission opened a formal investigation procedure pursuant to Article 108(2) TFEU with regard to the notified measures (hereinafter: ‘the opening decision’).
15. septembra 2009 je Komisija začela formalni postopek preiskave v skladu s členom 108(2) PDEU v zvezi s priglašenimi ukrepi (v nadaljnjem besedilu: sklep o začetku postopka).
Romania submitted comments on the opening decision on 3 November 2009.
Romunija je 3. novembra 2009 predložila pripombe na sklep o začetku postopka.
The opening decision was published in the Official Journal of the European Union on 29 December 2009 [4].
Sklep o začetku postopka je bil 29. decembra 2009 objavljen v Uradnem listu Evropske unije [4].
By letters of 21 December 2009, the Commission invited eight companies potentially interested in the proceedings as competitors of Oltchim to submit comments on the opening decision.
Z dopisom z dne 21. decembra 2009 je Komisija povabila osem konkurenčnih podjetij podjetja Oltchim, ki bi jih postopek potencialno lahko zanimal, k oddaji pripomb na sklep o začetku postopka.
The Commission received comments from five third parties: by letter of 26 January 2010, from Vestolit GmbH & Co. KG (hereinafter: ‘Vestolit’); by letter of 26 January 2010 from Ineos ChlorVinyls (hereinafter: ‘Ineos’); by letters of 27 January 2010 and 28 January 2010, from two companies which requested confidentiality as regards their identity (hereinafter: ‘Anonymous parties I and II’); and by letter of 29 January 2010, from Mr Virgil Bestea, a private individual.
Komisija je prejela pripombe petih tretjih oseb: z dopisom z dne 26. januarja 2010 od podjetja Vestolit GmbH & Co. KG (v nadaljnjem besedilu: Vestolit); z dopisom z dne 26. januarja 2010 od podjetja Ineos ChlorVinyls (v nadaljnjem besedilu: Ineos); z dopisom z dne 27. januarja 2010 in 28. januarja 2010 od dveh podjetij, ki sta zahtevali zaupnost glede svoje identitete (v nadaljnjem besedilu: anonimni stranki I in II); in z dopisom z dne 29. januarja 2010 od g. Virgila Besteae kot fizične osebe.
Furthermore, Anonymous parties I and II (which also commented on the opening decision and which requested confidentiality as regards their identity) submitted further information on 21 September 2010, 22 February 2011, 28 February 2011, 26 July 2011 and 28 October 2011.
Nadalje sta anonimni stranki I in II (ki sta tudi podali svoje pripombe na sklep o začetku postopka in ki sta zahtevali zaupnost glede svoje identitete) predložili dodatne informacije dne 21. septembra 2010, 22. februarja 2011, 28. februarja 2011, 26. julija 2011 in 28. oktobra 2011.
The Commission transmitted the comments referred to above in recitals (9) and (10) to Romania, when they contained new information and arguments and were relevant to the current procedure, by letters of 25 June 2010, 2 August 2010, 9 September 2010, 22 September 2010, 20 October 2010 and 23 November 2011.
Komisija je Romuniji poslala pripombe iz uvodnih izjav (9) in (10), če so vsebovale nove informacije in argumente ter bile pomembne za sedanji postopek, z dopisi z dne 25. junija 2010, 2. avgusta 2010, 9. septembra 2010, 22. septembra 2010, 20. oktobra 2010 in 23. novembra 2011.
By letter dated 22 June 2011, the Romanian authorities withdrew their notification of 17 July 2009 with regard to the state guarantee for the loan of EUR 424 million. They also informed the Commission that they maintained their notification with regard to the debt-to-equity conversion.
Z dopisom z dne 22. junija 2011 so romunski organi umaknili svojo priglasitev z dne 17. julija 2009 v zvezi z državnim jamstvom za posojilo v višini 424 milijonov EUR. Obenem so Komisijo obvestili, da so ohranili priglasitev v zvezi s pretvorbo dolga v lastniški kapital.
On 10 August 2011 the Romanian Government approved a Memorandum mandating the representatives of the Ministry of Economy, Trade and the Business Environment, AVAS [5] and Oltchim to adopt a private-law convention between AVAS and Oltchim whereby the company would acknowledge interests accruing on the public debt since 1 January 2007.
Romunska vlada je 10. avgusta 2011 odobrila memorandum, ki predstavnikom Ministrstva za gospodarstvo, trgovino in poslovno okolje, agencije AVAS [5] in podjetja Oltchim daje pooblastilo za sprejetje civilnopravnega sporazuma med agencijo AVAS in podjetjem Oltchim, s katerim bi podjetje priznalo obresti na javni dolg, natečene v času od 1. januarja 2007.
By letter of 9 September 2011, the Romanian authorities announced that Oltchim and AVAS intended to conclude the above-mentioned private-law convention, and that AVAS would also convert the interests thus accrued into equity, together with the principal debt.
Z dopisom z dne 9. septembra 2011 so romunski organi sporočili, da podjetje Oltchim in agencija AVAS nameravata skleniti navedeni civilnopravni sporazum, agencija AVAS pa naj bi skupaj z glavnico v lastniški kapital pretvorila tudi natečene obresti.
By letter of 21 October 2011, Romanian Prime Minister Emil Boc conveyed the Romanian Government's firm commitment to privatise Oltchim in full, including the whole stake accruing to the public authorities after the debt conversion.
Z dopisom z dne 21. oktobra 2011 je romunski predsednik vlade Emil Boc izrazil trdno zavezo romunske vlade, da bo v celoti privatizirala podjetje Oltchim, vključno s celotnim lastniškim deležem, ki bi po pretvorbi dolga pripadal državnim organom.
Romania submitted additional comments and information by letters of 12 October 2011 and 23 December 2011.
Romunija je poslala dodatne pripombe in informacije z dopisi z dne 12. oktobra 2011 in 23. decembra 2011.
The letters mentioned in recitals 17 and 18 show that Romania modified the notification of Measure 1 in the sense that the conversion of the debt to the public authorities amounting to RON 538 million was to be followed by the privatisation of the resulting shareholding in Oltchim, and that the conversion has to be assessed in the light of the subsequent privatisation.
Iz dopisov, omenjenih v uvodnih izjavah 17 in 18, je razvidno, da je Romunija spremenila priglasitev ukrepa 1 v smislu, da bo pretvorbi dolga do državnih organov v višini 538 milijonov RON sledila privatizacija nastalega lastniškega deleža v podjetju Oltchim in da mora biti pretvorba ocenjena v luči nadaljnje privatizacije.
Oltchim is a large Romanian petrochemical manufacturer, producing PVC, caustic soda, chlorine, DOP and polyether polyols.
Podjetje Oltchim je velik romunski proizvajalec petrokemičnih proizvodov, ki izdeluje PVC, kavstično sodo, DOP in polieter poliole.
The company's main product is PVC (currently about 37,5 % of its overall production), with an EU market share of 2,1 % in 2008 [6].
Glavni proizvod podjetja je PVC (trenutno zajema okoli 37,5 % celotne proizvodnje) s tržnim deležem EU v višini 2,1 % iz leta 2008 [6].
Oltchim is one of the largest petrochemical companies in Romania and south-east Europe, manufacturing 78 types of 40 base chemical products.
Podjetje Oltchim je eno največjih petrokemičnih podjetij v Romuniji in jugovzhodni Evropi, ki proizvaja 78 vrst od 40 osnovnih kemičnih proizvodov.
The company exports around 80 % of its production inside and outside Europe.
Družba izvozi okoli 80 % svoje proizvodnje v Evropi in zunaj nje.
Oltchim is the main industrial employer in Vâlcea, a Romanian region assisted under Article 107(3)(a) TFEU.
Podjetje Oltchim je glavni industrijski delodajalec v Vâlcei, romunski regiji, ki prejema pomoč na podlagi člena 107(3)(a) PDEU.
On 15 October 2011 the workforce consisted of 3470 people [7].
Dne 15. oktobra 2011 je bilo v podjetju zaposlenih 3470 ljudi [7].
Owing to the current difficult financial situation, the company temporarily laid off 1000 employees in December 2011 and a further 993 employees in January 2012 [8].
Zaradi trenutnega težkega finančnega položaja je podjetje decembra 2011 začasno odpustilo 1000 zaposlenih in nadaljnjih 993 zaposlenih januarja 2012 [8].
The company started business in 1966, was reorganised in 1990 and was listed on the Romanian Stock Exchange in 1997.
Podjetje je začelo delovati leta 1966, reorganizirano je bilo leta 1990, na romunsko borzo pa je bilo uvrščeno leta 1997.
The Romanian State (currently via the Ministry of Economy) maintains a controlling stake of 54,8 % in the company.
Romunska država ohranja kontrolni delež v višini 54,8 % podjetja (trenutno prek Ministrstva za gospodarstvo).
The principal minority shareholder is PCC, which is also the complainant in this procedure and also owns Rokita SA, a Polish competitor of Oltchim, with a stake of 18,31 %.
Glavni manjšinski delničar je podjetje PCC, ki je tudi pritožnik v tem postopku in ima v lasti podjetje Rokita SA, ki je poljski tekmec podjetja Oltchim, z deležem v višini 18,31 %.
The rest of the company shares are held by Nachbar Services Ltd (14,02 %), various individuals (11,04 %) and other legal entities (1,81 %).
Preostale delnice podjetja so v lasti podjetja Nachbar Services Ltd (14,02 %), posameznikov (11,04 %) in drugih pravnih oseb (1,81 %).
Events prior to Romania's Accession to the EU
Dogodki pred pristopom Romunije v EU
The origin of the public debt
2.1 Izvor javnega dolga
Over the period 1992-2008, Oltchim invested a total of approximately EUR 371 million in the modernisation of its production line (of which EUR 118,8 million was invested in 2007/2008).
V obdobju 1992–2008 je podjetje Oltchim investiralo skupaj približno 371 milijonov EUR v modernizacijo svoje proizvodne linije (od tega je bilo 118,8 milijona EUR investiranih v letih 2007 in 2008).
In relation to certain of these investments, Oltchim contracted over the period 1995-2000 a series of 12 commercial loans, totalling approximately DEM 171 million plus USD 60 million.
V povezavi s temi investicijami je podjetje Oltchim v obdobju 1995 –2000 najelo 12 komercialnih posojil v skupni vrednosti 171 milijonov DEM ter 60 milijonov USD.
The loans were backed by state guarantees, issued by the Ministry of Finance.
Posojila so bila zavarovana z državnimi jamstvi, izdanimi s strani Ministrstva za finance.
Given that Oltchim was not able to repay the loans, the banks called on the state guarantees starting from November 1999.
Ker podjetje Oltchim ni bilo sposobno odplačati posojil, so banke novembra 1999 začele uveljavljati državna jamstva.
From 1999 to 2002, the Ministry of Finance made payments under the called guarantees.
Od leta 1999 do leta 2002 je Ministrstvo za finance izvajalo plačila v skladu z uveljavljanimi jamstvi.
It charged substantial interest and penalties on the amounts thus paid on account of the state guarantees triggered between 1999 and 2002, fluctuating between 0,15 % and 0,3 % per day, i.e. 54 %-110 % per year [9].
Zaračunalo je znatne obresti in kazni na zneske, plačane na podlagi državnih jamstev, izdanih v obdobju od 1999 do 2002, ki so se gibale med 0,15 % in 0,3 % na dan, tj. med 54 % in 110 % letno [9].
By June 2002, Oltchim's accrued debt towards the Ministry of Finance stemming from the state guarantees, plus the interest and penalties applied thereon, amounted to RON 303 million (approximately EUR 72 million).
Do junija 2002 je dolg družbe Oltchim do Ministrstva za finance, ki je izviral iz državnih jamstev in z njimi povezanih obresti in kazni, znašal 303 milijonov RON (približno 72 milijonov EUR).
At that date, this amount was transferred from the Ministry of Finance to the Romanian agency entrusted with the recovery of public debt, AVAS [10], and was consolidated in USD so as to preserve the value of the debt in the hyperinflationary environment, the resulting amount being USD 91 million.
Z Ministrstva za finance je bil znesek v tem času prenesen na romunsko agencijo AVAS [10], pooblaščeno za izterjavo javnega dolga. Da bi se vrednost dolga v hiperinflacijskem okolju ohranila, je bil dolg konsolidiran v USD in je znašal 91 milijonov USD.
In accordance with Romanian law (GEO 51/1998), AVAS did not have a specific mandate to apply interest and penalties on the public debt that it was entrusted with recovering from the debtor companies.
V skladu z romunsko zakonodajo (GEO 51/1998) agencija AVAS ni imela posebnega pooblastila za zaračunavanje obresti in kazni na javni dolg, za katerega je bila pooblaščena, da ga izterja od podjetij dolžnikov.
The 2003 debt conversion
2.2 Pretvorba dolga leta 2003
The first attempt to privatise the company took place in 2001, when AVAS negotiated and signed with Exall Resources a sale agreement for the state's stake in the company.
Prvi poskus privatizacije podjetja je potekal leta 2001, ko se je agencija AVAS pogajala in podpisala pogodbo o prodaji državnega deleža v podjetju s podjetjem Exall Resources.
The sale agreement was cancelled owing to the buyer's inability to fulfil its payment obligations and its failure to guarantee the technological/environmental investments for the company.
Prodajna pogodba je bila odpovedana, ker kupec ni izpolnil svojih plačilnih obveznosti in ni zmogel zagotoviti tehnoloških/okoljskih investicij v podjetje.
The second attempt to privatise Oltchim was made in October 2003, when the Romanian privatisation agency APAPS published an announcement for the sale of the State's stake.
Drugi poskus privatizacije podjetja Oltchim je potekal oktobra 2003, ko je romunska Agencija za privatizacijo APAPS objavila napoved o prodaji državnega deleža.
Potential investors were informed that the public debt would be converted into equity, with a view to increasing the attractiveness of the company to potential investors.
Da bi povečali zanimanje potencialnih vlagateljev za naložbe v podjetje, so jim sporočili, da se bo javni dolg preoblikoval v lastniški kapital.
The public stake in Oltchim thus increased from 53,26 % to 95,73 %.
Javni delež v podjetju Oltchim je tako narasel s 53,26 % na 95,73 %.