natgillin/translations-raw huggingface dataset:
The net financial contribution of the Duferco Group for its acquisition of a 50,3 % stake in the capital of DLP was EUR […] million.
Belgija od neposrednih upravičencev ali njihovih pravnih naslednikov izterja nezdružljivo pomoč iz člena 1.
This amount is out of proportion with the EUR 99,7 million [53] agreed by FSIH to become a 49,7 % shareholder in DLP.
Zneskom, ki jih je treba izterjati, se prištejejo obresti od datuma izplačila pomoči upravičencem do njihovega dejanskega vračila.
Under these conditions it cannot be argued that this investment was pari passu.
Obresti se izračunajo na podlagi obrestnoobrestnega računa v skladu s poglavjem V Uredbe Komisije (ES) št. 794/2004 [67].
The Commission sets out the reasons, beyond the non-pari passu nature of the transaction, why it concluded that the transaction did not comply with the market economy investor principle.
Člen 3
These reasons relate to how FSIH evaluated its stake in the capital of DLP.
Vračilo pomoči iz člena 1 se izvede takoj in učinkovito.
Before going into the detail of these evaluations, the Commission refutes an objection made by […].
Belgija zagotovi, da se ta sklep izvrši v štirih mesecih po uradnem obvestilu o tem sklepu.
According to […], the fact that FSIH did not have access to other documents than DII (private investor) at the time is enough to prove the prudent nature of FSIH's investment.
Člen 4
For the reasons explained in recital 329, the transaction under investigation was financially almost neutral for the Duferco Group.
Belgija v dveh mesecih od datuma uradnega obvestila o tem sklepu Komisiji predloži naslednje informacije:
Therefore the Group did not have any incentive to produce detailed studies and reports: the price of the assets bought by DLP had only a small impact on its cash flow.
skupni znesek (glavnica in obresti), ki ga je treba izterjati od vsakega upravičenca;
This was not the case for FSIH, which had to pay 49,7 % of the price set for these assets.
podroben opis že sprejetih in načrtovanih ukrepov za uskladitev s tem sklepom;
Consequently, it was for FSIH and not Duferco to make every possible effort to evaluate the assets at their fair value.
dokumente, ki dokazujejo, da je bilo od upravičencev zahtevano vračilo pomoči.
The fact that Duferco did not have access to documents other than those produced by Belgium does not, in any case, prove that FSIH behaved as a private investor in a market economy.
Belgija Komisijo obvešča o napredku nacionalnih ukrepov, sprejetih za izvajanje tega sklepa, dokler pomoči iz člena 1 niso v celoti izterjane.
With regard to the content of these evaluations, the Commission points out that four items had to be valued: (i) the shares in DLLPL; (ii) the shares in Duferco Trebos; (iii) the stocks bought from Duferco La Louvière Sales; and (iv) the project justifying an investment of EUR [30-40] million in DLLPL.
Na zahtevo Komisije takoj predloži vse informacije o že sprejetih in načrtovanih ukrepih za uskladitev s tem sklepom.
The Commission takes the view that the Galtier report of May 2011, submitted by Belgium, does not constitute a thorough valuation exercise for DLLPL.
Zagotovi tudi podrobne informacije o zneskih pomoči in obresti, ki so jih upravičenci že vrnili.
It merely refers to an estimate of the fair value of tangible assets at the La Louvière site and does not deal with any liabilities or any business plan.
Člen 5
However, the expert Galtier had informed the Commission, through Belgium, that it had based its estimate on a business plan in due form.
Ta sklep je naslovljen na Kraljevino Belgijo.
The summary version of this business plan, provided by Belgium [54], is a short document that does not contain any date or refer to any assumptions.
V Bruslju, 20. januarja 2016
The Commission did not receive the full version of the business plan, if it ever existed.
Za Komisijo
Belgium also put forward the same argument concerning the purchase price of the shares in Duferco Trebos, i.e. that the document ‘Value in use of the tangible and intangible assets of Trebos’ of May 2011 is actually a combination of studies and reports that includes a two-page preliminary business plan drawn up by Duferco [55].
Članica Komisije
The completion date of this document is not specified.
Člena 87 in 88 Pogodbe ES sta od 1. decembra 2009 člena 107 in 108 Pogodbe o delovanju Evropske unije (v nadaljnjem besedilu: PDEU).
The objective of the 2011 report was to evaluate the assets' value in use and to identify the value of customers in the business assets.
Določbe novih členov so v tem primeru vsebinsko povsem enake prejšnjima členoma.
The accounts were not checked and the company was not audited.
V tem sklepu je treba sklicevanje na člena 107 in 108 PDEU razumeti kot sklicevanje na člena 87 in 88 Pogodbe ES, kjer je to primerno.
No overall valuation of Duferco Trebos as a whole was provided.
S PDEU so bile uvedene tudi nekatere terminološke spremembe, kot so nadomestitve izrazov „Skupnost“ z „Unijo“, „skupni trg“ z „notranjim trgom“ in „Sodišče prve stopnje“ s „Splošnim sodiščem“.
Regarding these two acquisitions, Belgium also acknowledges that ‘the parties did not deem it necessary to produce a business plan in due form.
V tem sklepu se uporablja terminologija PDEU.
FSIH knew perfectly well what it was acquiring.’
UL C 120, 23.4.2014, str. 51.
The Commission considers knowledge of a company to be useful but insufficient for an investor whose decision to invest depends on expected future profitability.
Komisija se bo v nadaljevanju namesto na „regijo Valonijo“ sklicevala na „Belgijo“ (razen če se glede na sobesedilo ne bo zahtevalo drugače), saj je bila korespondenca vzpostavljena z državo članico, ki je stranka v postopku in naslovnica tega sklepa.
With regard to the evaluation of the stocks of Duferco La Louvière Sales, a company controlled by SIF, Belgium provided a document that it believes supports the market value of the stocks being higher than their book value, which was adopted to set the sale price.
Glej opombo 2.
Again, the Commission notes that the completion date of this document is not indicated.
Odločba Komisije z dne 25. novembra 1997 v zadevi N 680/97, Belgija – Finančna udeležba regije Valonije v podjetju „Duferco Belgique SA“.
Lastly, with regard to the investment of EUR [30-40] million in DLLPL, the Commission had, in its opening decision, asked Belgium to produce all the studies and business plans concerning this investment.
Odločba Komisije z dne 26. maja 1999 v zadevi N 246/99, Belgija – Finančna udeležba belgijskih javnih organov v podjetju HUGB (jeklo ESPJ).
Belgium confirmed that, ultimately, a single business plan had justified the investment of EUR [30-40] million; the other plans referred to had become irrelevant as they concerned other projects that were not adopted.
UL C 95, 19.4.2002, str. 2.
Belgium therefore provided the Commission with an undated, one-page plan with a table of EBITDA up to 2016 with no explanation or assumption to support the numbers presented.
Odločba Komisije št. 2496/96/ESPJ z dne 18. decembra 1996 o določitvi pravil Skupnosti za državno pomoč jeklarski industriji (UL L 338, 28.12.1996, str. 42).
In the Commission's view, the other documents relied on by Belgium do not make up for this document's shortcomings.
Odločba Komisije 2005/137/ES z dne 15. oktobra 2003 o finančni udeležbi Valonske regije v podjetju Carsid SA (UL L 47, 18.2.2005, str. 28).
The document entitled ‘A plan for the future of the steel industry in La Louvière’ from February 2011 details the strategy of continuing activities involving long products and flat products.
Zaupna informacija.
One page is devoted to the development of DLLPL over the previous five years.
Duferco La Louvière Sales je družba pod nadzorom holdinga SIF.
The document ‘Long Products Marketing Plan 2011-2013’ is limited to a study of the relevant sector.
Opozoriti je treba, da je družba Ernst & Young storila napako, ker je eure zamenjala z ameriškimi dolarji.
The Commission notes that DLP allowed FSIH to again support steel activity in Wallonia without any justification by an economic analysis in line with the market economy investor principle.
UL C 83, 7.4.2009, str. 1.
It follows from the above that the investment cannot be considered pari passu and in line with the market economy investor principle.
Sodba Sodišča z dne 16. maja 2002 v zadevi Francija proti Komisiji, C-482/99, ECLI:EU:C:2002:294, točka 24.
The amount of aid received by DLP is therefore the amount of the capital increase, i.e. EUR 100 million.
Sodba Splošnega sodišča z dne 4. aprila 2001 v zadevi Regione Friuli Venezia Giulia proti Komisiji, T-288/97, ECLI:EU:T:2001:115, točka 41.
General conclusion on the economic advantage criterion
Sodba Sodišča z dne 17. septembra 1980 v zadevi Philip Morris Holland BV proti Komisiji, 730/79, ECLI:EU:C:1980:209, točki 11 in 12.
After having analysed each measure individually, the Commission took the view that it was necessary to carry out a more general analysis of FSIH's investment strategy since it was set up.
Sodba Sodišča z dne 11. julija 1996 v zadevi SFEI in drugi proti La Poste, C-39/94, ECLI:EU:C:1996:285, točka 60.
It considers that these measures are inextricably linked to each other and that they work towards a single objective: to support and sustain the Duferco Group's activities in Wallonia, through indirect investments in the Group's offshore subsidiaries in order to circumvent the rules prohibiting aid to the steel sector in the EU.
Sodba Sodišča z dne 5. junija 2012 v zadevi Komisija EDF, C-124/10P, ECLI:EU:C:2012:318, točka 90.
The beneficiaries of FSIH's interventions were Duferco's parent company or subsidiaries of the group in the United States (Measure 1), […] (Measure 2), Ireland (Measure 3), […] (Measure 4) and […] (Measures 5 and 6) to finance projects that were carried out in Wallonia, in the Walloon subsidiaries of the group active in the steel sector, then in site decontamination, while the group gradually ceased its steel activities in Wallonia.
Pripombe […] z dne 23. junija 2014, točka 24.
This analysis is supported by the simultaneity of or short period of time between certain events.
Opomba št. 2 v pripombah Belgije v zvezi s sklepom o začetku postopka z dne 11. decembra 2013.
Duferco has been operating in Belgium since 1997, when it took over Forges de Clabecq, which were in financial straits, with support from the Walloon Region and the backing of the Commission (investment of EUR 8,75 million and loan of EUR 13,75 million) [56].
Sodba Splošnega sodišča z dne 28. februarja 2012 v združenih zadevah Land Burgenland proti Komisiji, T-268/08 in T-281/08, ECLI:EU:T:2012:90, točka 72.
The Commission notes that this takeover followed the negative decision by the Commission regarding Forges de Clabecq [57]: the Belgian State's attempt to rescue the same steelworks was judged incompatible with the common market in December 1996.
Pripombe Belgije z dne 11. decembra 2013, točka 32.
The company was therefore declared bankrupt in January 1997.
Sodba Sodišča z dne 5. junija 2012 v zadevi Komisija proti EDF, C-124/10 P, ECLI:EU:C:2012:318, točke 83–85.
There followed a series of takeovers of Walloon steel sites by the Duferco Group, still with the financial support of the Walloon Region through SOGEPA, then FSIH from 2003.
Pripombe […], točka 42, str. 12.
In 1999, Duferco acquired Usines Gustave Boël in La Louvière from Hoogovens, with support from the Walloon Region (conversion of a claim of EUR 12,5 million into 25 % of the capital and a loan of EUR 25,3 million) [58].
Zahteve za informacije z dne 29. novembra 2011, 29. junija 2012 in 27. januarja 2015.
Then, following the announcement by the Chairman of the Usinor-Sacilor group in February 2001 that he intended to close down Cockerill Sambre's hot-rolling line in Charleroi, talks were entered into between Usinor-Cockerill Sambre, the Duferco Group and SOGEPA primarily with a view to setting up a joint venture to produce slabs using Cockerill Sambre's existing mill in Charleroi together with the plant owned by Duferco Clabecq.
Odgovor Belgije z dne 4. junija 2013.
In 2002, Duferco took over the hot-phase site in Charleroi, which became Carsid, in cooperation with Usinor, again with support from the Walloon Region (SOGEPA's stake in Carsid's capital was EUR 20 million, reduced to EUR 9 million after the decision to initiate the procedure provided for in Article 6(5) of Decision No 2496/96/ECSC).
Odgovor Belgije z dne 28. septembra 2012.
The Commission notes that FSIH was created in March 2003, i.e. during the Commission's investigations following the adoption of the decision to initiate the formal investigation procedure on 3 April 2002 on the financial participation by the Walloon Region in the company Carsid.
Priloga 1 iz odgovora Belgije z dne 28. septembra 2012, str. 24 in 6.
This procedure was completed on 15 October 2003 [59] with a negative decision from the Commission on the grounds that an investment in a new company could not be considered pari passu where only the public shareholder bears a new risk, with the private shareholder only transferring a business activity or existing project to the new company.
Ta vrednost ustreza aritmetični sredini med dobičkom pred obrestmi, davki in amortizacijo za leto 2006, ki ga je naknadno ocenila družba KPMG, in dobičkom pred obrestmi, davki in amortizacijo, dejansko ustvarjenim v letu 2006.
The Commission also notes that, in many cases, the interventions by the Walloon Region in Duferco's favour made it possible to delay adjustments that were socially difficult but economically necessary in the steel sector in Wallonia.
Priloga iz odgovora Belgije z dne 25. septembra 2015, str. 2.
This behaviour, motivated by regional and social considerations of safeguarding employment to the detriment of streamlining and modernising the steel industry, cannot be considered to be that of a private investor.
[…] x 49,9-odstotni delež holdinga FSIH.
Furthermore, the Commission observes that the investment behaviour of FSIH does not correspond to that of a prudent market investor.
Devizni tečaj USD/EUR na dan 12. decembra 2006, tj. 0,7550.
In this case, FSIH's behaviour should be compared to the behaviour that an investment fund manager would adopt.
Priloga 4 iz odgovora Belgije z dne 8. aprila 2015, str. 6, „Načrtovana transakcija“.
Taken as a whole, the investment policy followed by FSIH, as highlighted by this procedure, is not likely to be followed by such a market operator.
Odgovor Belgije z dne 15. septembra 2015, str. 2.
A non-speculative investment fund must diversify the risks in its investment portfolio in order to ensure its longevity.
Priloga 4 iz odgovora Belgije z dne 8. aprila 2015, str. 7, „Utemeljitev cene“.
While taking into account the desired performance and profit horizon, the diversification of assets in the portfolio geographically and by sector reduces the volatility of the assets and therefore the investment risk of the portfolio as a whole.
Zahteva za informacije z dne 15. septembra 2015.
This diversification does not necessarily have to be extreme, but in this case FSIH concentrated all its investments in a single company.
Devizni tečaj USD/EUR na dan 14. junija 2006, tj. 0,7959.
Indeed, by investing exclusively in the Duferco Group, FSIH's exposure to risk was at its greatest since the return on investment for FSIH depended on the success or failure of a single company.
Priloga 20 iz odgovora Belgije z dne 5. januarja 2012.
It follows, overall, that the investment behaviour of FSIH is an additional indication that its operations do not satisfy the market economy investor test.
Glej na primer odgovor Belgije z dne 11. decembra 2013, točka 86.
In light of the above, the Commission concludes that none of the examined measures complies with the market economy investor principle.
Priloga 6 iz odgovora Belgije z dne 4. junija 2013, zbirna preglednica stroškov in prihodkov.
The conditions of the interventions in each case conferred an advantage on the different entities concerned in the Duferco Group.
Sodba Splošnega sodišča z dne 30. aprila 1998 v zadevi Cityflyer Express proti Komisiji, T-16/96, ECLI:EU:T:1998:78, točka 51.
They therefore constitute State aid within the meaning of Article 107(1) TFEU.
Točka 167.
The total amount of aid is therefore EUR 211,43 million, in principle.
Odgovor Belgije z dne 11. decembra 2013, točke 255–279.
COMPATIBILITY OF THE AID WITH THE INTERNAL MARKET
Sodba Splošnega sodišča z dne 12. maja 2011 v združenih zadevah Région Nord-Pas-de-Calais proti Komisiji, T-267/08 in T-279/08, ECLI:EU:T:2011:209, točka 161.
The prohibition on State aid is neither absolute nor unconditional.
Priloga 13 iz odgovora Belgije z dne 4. junija 2013.
In particular, paragraphs 2 and 3 of Article 107 TFEU constitute legal bases allowing some aid measures to be considered compatible with the internal market.
ArcelorMittal, Nippon Steel&Sumitomo Metal Corporation, Tata Steel Limited, Nucor Corporation, United States Steel Corp., ThyssenKrupp AG, PAO Severstal, NLMK, Kobe Steel Ltd (bonitetna ocena Standard&Poors).
In its response to the Opening Decision, Belgium did not put forward any reason relating to the compatibility of the measures under investigation.
Odstavek 28 pripomb holdinga SIF.
The Commission observes that the derogations in Article 107(2) TFEU are clearly inapplicable.
Ocena temelji na izračunu obresti, ki bi bile dolgovane na podlagi obrestne mere iz sporočila o referenčnih obrestnih merah iz leta 2008, od katerih se odštejejo obresti, ocenjene na podlagi dejansko uporabljene obrestne mere, pri čemer se vsak znesek diskontira po stopnji, določeni v navedenem sporočilu.
Of the derogations in paragraph 3 of this Article, only points (a) and (c) could prove useful.
Vendar sta izračun obresti in diskontiranje približna glede na simulirane zapadlosti (natančneje, trajanje v letih namesto točnega dneva vračila, neupoštevanje delnih vračil obresti), pri katerih se torej ne upoštevata dejanski finančni profil in načrt odplačil.
Point (a) stipulates that aid to promote the economic development of areas where the standard of living is abnormally low or where there is serious underemployment may be considered to be compatible with the internal market.
Glej zlasti uvodno izjavo (49) tega sklepa.
Point (c) states that aid to facilitate the development of certain economic activities or of certain economic areas, where such aid does not adversely affect trading conditions to an extent contrary to the common interest may also be considered to be compatible with the internal market.
Komisija je od povečanja kapitala za 100 milijonov EUR odštela neto učinek, ki ga je na holding FSIH imela prodaja družbe Duferco Diversification družbi DLP (–0,3 milijona EUR).
However, no framework or guidelines from the Commission concerning the compatibility criteria relating to State aid seem to be applicable.
Priloga 21 iz odgovora Belgije na sklep o začetku postopka.
Since the ECSC Treaty expired on 23 July 2002, the Commission has adopted various guidelines and communications to maintain the prohibition on regional aid for investment and rescue and restructuring aid to the steel industry.
Priloga 23 iz odgovora Belgije na sklep o začetku postopka.
Thus, paragraph 8 of the Guidelines on National Regional Aid for 2007-2013 [60], the period during which FSIH granted the aid under investigation, explicitly excludes regional aid to the steel industry from their scope and confirms that it is not compatible with the common market.
Odločba Komisije z dne 18. decembra 1996 v zadevi 97/271/ESPJ, Belgija – Železarna Clabecq (jeklo ESPJ).
Likewise, the Communication on aid for the steel sector [61], which was in force until 31 December 2009, states that rescue and restructuring aid for firms in difficulty in the steel sector is not compatible with the common market.
Odločba 2005/137/ES.
Only aid to cover payments payable by steel firms to workers made redundant or accepting early retirement and aid to steel firms which permanently cease production of steel products is authorised, under certain conditions.
UL C 54, 4.3.2006, str. 13.
The purpose of the aid granted by FSIH does not correspond to the two aforementioned aid categories.
UL C 70, 19.3.2002, str. 21.
On the contrary, it was used to finance investments.
UL C 244, 1.10.2004, str. 2.
With regard to possible compatibility of the aid granted to SIF under the 2009 Communication, the Commission takes the view that the Communication does not apply to SIF.
Sodba Sodišča z dne 12. julija 1973 v zadevi Komisija proti Nemčiji, C-70/72, ECLI:EU:C:1973:87, točka 13.
Point 4.4.2 of the 2009 Communication covers companies having difficulties in finding finance in the market circumstances between December 2008 and December 2010.
Sodba Sodišča z dne 14. septembra 1994 v združenih zadevah Španija proti Komisiji, C-278/92, C-279/92 in C-280/92, ECLI:EU:C:1994:325, točka 75.
It does not seem from SIF's comments that it had this type of difficulty.
Sodba Sodišča z dne 17. junija 1999 v zadevi Belgija proti Komisiji, C-75/97, ECLI:EU:C:1999:311, točki 64 in 65.
The Commission therefore considers that SIF did not meet the eligibility conditions laid down by the 2009 Communication and that the aid cannot be deemed compatible with the internal market.
Uredba Sveta (EU) 2015/1589 z dne 13. julija 2015 o določitvi podrobnih pravil za uporabo člena 108 Pogodbe o delovanju Evropske unije (UL L 248, 24.9.2015, str. 9).
Finally, point 18 of the Community Guidelines on State aid for rescuing and restructuring firms in difficulty [62], which were in force until 30 July 2014, confirms that the steel sector is excluded from their scope.
Uredba Komisije (ES) št. 794/2004 z dne 21. aprila 2004 o izvajanju Uredbe Sveta (ES) št. 659/1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES (UL L 140, 30.4.2004, str. 1).
In light of the above, the Commission concludes that the six aid measures under investigation are not compatible with the internal market.
Belgija je v dopisu z dne 14. decembra 2011 zaprosila za podaljšanje roka za odgovor, ki ji je bilo odobreno 16. decembra 2011.
RECOVERY OF AID INCOMPATIBLE WITH THE INTERNAL MARKET
Belgija je na zahtevo Komisije za informacije odgovorila 4. januarja 2012.
In accordance with the TFEU and the settled case-law of the Court of Justice, the Commission is competent, when it has found that aid is incompatible with the internal market, to decide that the State concerned must abolish or alter it [63].
Komisija je v dopisu z dne 29. junija 2012 zahtevala dodatne informacije.
The Court has also held on a number of occasions that the obligation to abolish aid incompatible with the internal market which a Commission decision imposes on a Member State has as its purpose to re-establish the previously existing situation [64].
Zadnja zahteva za informacije je bila Belgiji poslana 15. septembra 2015.
In this context, the Court has established that this aim is achieved once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to payment of the aid is restored [65].
Slednja je zaprosila za enomesečno podaljšanje roka za odgovor, ki ji je bilo odobreno 28. septembra 2015.
Article 16(1) of Council Regulation (EU) 2015/1589 [66] lays down: ‘Where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary …’.
Belgija je odgovor Komisiji predložila v dopisu z dne 23. oktobra 2015.
Consequently, since the measures in question were implemented in breach of Article 108 TFEU and must be considered aid that is unlawful and incompatible with the internal market, it must be recovered in order to re-establish the situation that existed on the market before the aid was granted.
Konec leta 2006 mu je bila pripojena tudi ameriška hčerinska družba Duferco Farrell Corporation.