natgillin/translations-raw huggingface dataset:
In addition, they would have the same shareholder: the French State.
Družba TVO nato pojasni svoje razumevanje načrta prestrukturiranja skupine Areva, ki temelji na „načrtu B“, v skladu s katerim se družba Nouvel Areva NP prenese na družbo EDF po izvedeni ločitvi projekta OL3 in sredstev, potrebnih za njegov zaključek, pri čemer se v okviru tega „nosilca upravljanja sredstev“ ohranijo pogodbe o sestavnih delih in del dolga skupine Areva.
And closer cooperation was on the cards, as the Commission noted in its opening decision.
Družba TVO na splošno podpira načrt, v skladu s katerim francoska država dokapitalizira skupino Areva.
Lastly, the disadvantages of the split would be felt primarily by New Areva NP, which would have to form new sales teams for the sale of fuel assemblies, while New Areva would keep the benefits of integration on the fuel cycle side.
Vendar družba TVO izraža zaskrbljenost glede morebitnih negativnih posledic prestrukturiranja skupine za projekt OL3.
Accordingly, Urenco proposed the following pro-competition measures:
TVO ima zlasti pomisleke glede zmogljivosti nosilca upravljanja sredstev, v katerem bi bil zajet ločeni projekt OL3, v zvezi z ohranitvijo sredstev, potrebnih za uspešen zaključek projekta.
that EDF undertake to keep supply open to all fuel cycle operators;
Nosilec upravljanja sredstev bo namreč imel omejena finančna sredstva za poravnavo potencialno velikih dolgov, katerih znesek je na tej stopnji težko opredeliti.
that New Areva be prohibited from increasing the capacity of the Georges Besse II plant at least during the restructuring period, without undermining the obligations of the Areva Group […] in relation to […] [18];
Glede na ta sredstva se v oceno stroškov nosilca upravljanja vključi naslednje: stroške za dokončanje projekta OL3 in s tem povezana jamstva, odplačilo bančnega dolga v znesku 3,4 milijarde EUR, morebitna jamstva družbi EDF za pogodbe, povezane z jedrskimi elektrarnami, katerih deli so predmet revizije, druga jamstva, povezana s prodajo nestrateških sredstev, in v primeru zmage družbe TVO v tekočem arbitražnem postopku tudi znesek, ki bi lahko dosegel [0–5 milijard] EUR.
that New Areva reduce its MOX capacity and refrain from using its recovered liquidity to develop SWU trading activities.
Zato ima družba TVO dvome, ali se bo prestrukturirana skupina Areva lahko odzvala na tveganja, povezana s projektom OL3, zlasti v zvezi s stroški za njegovo dokončanje, pri čemer posledice teh dvomov pojasnjuje z vidika analize pomoči za prestrukturiranje na podlagi smernic in zlasti z vidika prispevka pomoči k cilju skupnega interesa, obnove dolgoročne sposobnosti preživetja skupine Areva in načela enkratnosti pomoči.
Urenco also wanted the French authorities to explore other pro-competition measures to be spread across all the segments, such as the sale of an activity to a new entrant, in order to reduce the synergies derived from New Areva's integration on the fuel cycle side.
Prvič, družba TVO v zvezi s ciljem skupnega interesa podpira argument Francije, ki poudarja prispevek pomoči k doseganju ciljev Pogodbe Euratom, zlasti ciljev iz člena 2(d).
Lastly, Urenco stressed the importance of compliance with the ban on acquiring any undertaking during the restructuring period, unless it could be shown that such an acquisition was indispensable to the Areva Group's return to viability.
Vendar družba TVO poudarja, da je nujno ovrednotiti tudi člena 2(b) in (c) Pogodbe.
TVO is a Finnish electricity generator established in 1969 and owned by other Finnish electricity undertakings and by industrial companies.
V zvezi s členom 2(c) pomoč prispeva k dokončanju projekta OL3, pomembnega za razvoj evropskega energetskega sektorja in zanesljivost oskrbe nordijskih držav.
TVO is the future owner of OL3, a nuclear power plant using European Pressurised Reactor (‘EPR’) technology, that is still under construction.
V zvezi s členom 2(b) cilj jedrske varnosti, kot je določen v členu 11 Konvencije o jedrski varnosti, pomeni, da „vsaka pogodbenica sprejme primerne ukrepe za zagotovitev zadostnega števila kvalificiranega osebja s primerno izobrazbo, usposabljanjem ter obnavljanjem znanja za vse z varnostjo povezane dejavnosti za vsak jedrski objekt ali v njem med vso življenjsko dobo objekta“.
The construction contract for this plant […] was concluded on 18 December 2003 with the Consortium.
Ker so zmogljivosti družbe TVO omejene predvsem na upravljanje elektrarn, se TVO za zagotavljanje varnosti dejavnosti pri projektu OL3 opira na strokovno znanje in izkušnje Konzorcija.
The initial date of delivery was 30 April 2009.
Vendar bi se lahko zaradi načrta prestrukturiranja, v skladu s katerim bi se projekt OL3 ločilo na nosilec upravljanja sredstev, tvegalo dodelitev premajhnega števila usposobljenega osebja skupine Areva na projekt OL3, izgubo zaledne službe (angl. back office) skupine Areva v Franciji in Nemčiji, izgubo tehnične infrastrukture skupine Areva in morebitne težave v zvezi s podizvajalci projekta.
Following numerous delays, the Consortium has now announced that delivery will take place in December 2018.
Drugič, družba TVO ima v zvezi z obnovo dolgoročne sposobnosti preživetja skupine Areva pomisleke glede zadostnosti kapitalske injekcije za družbo Areva SA, uresničljivosti predpostavk načrta prestrukturiranja in zato tudi vprašanja, ali lahko pomoč družbi Areva SA zagotovi dolgoročno sposobnost preživetja.
In addition, OL3 was a pioneering project, which should pave the way for a ‘resurgence’ of the nuclear industry.
Za odpravljanje teh dvomov in pomislekov TVO poudarja, da mora načrt prestrukturiranja nujno obsegati:
The OL3 project was in its final stage of completion.
operativne ukrepe, s katerimi se zagotovi, da so na voljo zadostni in namenski človeški in tehnični viri ter finančna sredstva za uspešno dokončanje projekta OL3 v določenih rokih in v skladu z zajamčeno stopnjo učinkovitosti iz prvotne pogodbe o gradnji, ter s katerimi se pokrije druge morebitne stroške v času trajanja jamstva in po njem;
External construction was almost complete, but some construction and fitting work was still ongoing inside the plant, particularly with respect to the nuclear island (reactor).
zadostna finančna sredstva, ki se dodelijo subjektu, v katerem bo zajet projekt OL3, in so namenjena izključno temu projektu, pri čemer se jih porabi za poravnavo preostalih stroškov dokončanja in drugih obveznosti iz različnih pogodb, sklenjenih med skupino Areva in družbo TVO.
Some 2400 people were working on the site.
Siemens je skupaj z družbama skupine Areva (Areva GmbH in Areva NP) partner v Konzorciju, ki izvaja projekt OL3.
TVO stressed that the OL3 project was now entering the crucial commissioning phase, which would ultimately take it to the provisional delivery date.
Čeprav je skupina Areva odgovorna za večji del projekta, so člani Konzorcija solidarno odgovorni stranki TVO za zaključek projekta.
This phase required the ongoing support of the Consortium, which had the EPR knowledge and expertise.
Skupina Siemens v celoti podpira posredovanje francoske države v korist skupine Areva, vendar ima zadržke na več ravneh.
TVO also referred to the arbitration dispute between itself and the Consortium.
Siemens ima pomisleke, ali je pomoč zadostna za pokritje obveznosti in tveganj družbe Areva SA:
The total amount claimed by the Consortium was currently some EUR [0-5 billion], while the amount claimed by TVO to cover its own costs and losses came to EUR [0-5 billion] according to its latest estimates.
Siemens ocenjuje izpostavljenost skupine Areva pri projektu OL3 med [0–5 milijard] EUR in [0–5 milijard] EUR v osnovnem scenariju, pri čemer bi lahko v negativnem scenariju, ki bi vključeval (i) […] in (ii) […], dosegla […] EUR;
The total combined amount claimed by the two parties to the dispute therefore came to around EUR [0-10 billion].
Poleg tega Siemens poudarja dodatne obveznosti družbe Areva SA, kot so nekatere bančne obveznosti, ki znašajo 3,4 milijarde EUR.
TVO went on to explain its understanding of the Areva Group's restructuring plan, now based on ‘plan B’, i.e. transferring New Areva NP to EDF after ring-fencing the OL3 project and the resources needed to complete it, as well as leaving in this ‘legacy structure’ the components contracts and part of the Areva Group's debt.
Siemens se tudi sprašuje, kako naj nosilec projekta OL3 zagotovi zadostna pravna, finančna in operativna sredstva ter človeške vire za zaključek projekta, če se morajo operativne dejavnosti in sredstva na področju gradnje prenesti na družbo Nouvel Areva NP, za katero je načrtovana prodaja družbi EDF.
Overall, TVO supported the planned recapitalisation of the Areva Group by the French State.
Skoraj neizogibno zunanje izvajanje dela projekta družbe Nouvel Areva NP bi lahko […].
However, it had concerns about the potential negative impact of the group's restructuring on the OL3 project.
Siemens prav tako izraža zaskrbljenost, da bi družba TVO […] preprečila prestrukturiranje skupine Areva, v skladu s katero bi se projekt OL3 ločilo na poseben subjekt, […].
In particular, TVO wondered about the ability of the legacy structure, in which the ring-fenced OL3 project would be placed, to maintain the resources necessary for the proper completion of the project.
Po mnenju skupine Siemens bi se lahko ta tveganja pokrila z dodatnimi mehanizmi, kot so (i) dodatna finančna sredstva, ki jih zagotovi francoska država, (ii) državno poroštvo za vse dodatne obveznosti v zvezi s projektom OL3 in (iii) zaveza Francije, da bo financirala vse dodatne potrebe po kapitalu v zvezi s projektom.
The legacy structure would have limited financial resources to meet what could be significant debts that were difficult to quantify at this stage.
Glede na solidarno odgovornost skupin Siemens in Areva v Konzorciju skupino Siemens skrbi, da bo morala poravnati finančno breme, ki ga skupina Areva ne bi mogla pokriti, kar bi bilo po njenem mnenju v nasprotju z načelom porazdelitve bremena iz smernic.
The financial resources of the legacy structure were composed of: EUR 2 billion in capital injections, EUR 2,5 billion in proceeds from the sale of New Areva NP to EDF, residual proceeds from the sales of Areva's non-strategic activities and the balance still owed by TVO to the Areva Group for the completion of the OL3 project.
Tretja stran, ki ne želi, da se razkrije njena identiteta
Mirroring these resources, the costs borne by the legacy structure were estimated to be: the costs of completing the OL3 project and the associated guarantees, the repayment of the banking debt of EUR 3,4 billion, potential guarantees to EDF for the contracts for nuclear plants whose components were to be audited, other guarantees linked to the sale of non-strategic assets and, if TVO were to win the ongoing arbitration dispute, an amount that could be as high as EUR [0-5 billion].
Zadnja tretja stran, ki je želela ostati anonimna, opozarja Komisijo, da bo zaradi obravnavane pomoči prišlo do izkrivljanja konkurence.
TVO therefore questioned the ability of the restructured Areva Group to cope with the risks associated with the OL3 project, in particular the costs of completing it, and set out the implications of its doubts for the restructuring aid assessment under the Guidelines, and more specifically the degree to which the aid contributed to an objective of common interest, the long-term return to viability of the Areva Group, and the one-time-last-time principle.
Ta tretja stran meni, da zaradi državnega posredovanja po prestrukturiranju ne bo okrepljena le družba Nouvel Areva, temveč tudi družba Nouvel Areva NP.
First, as regards the objective of common interest, TVO endorsed the argument made by France highlighting the contribution made by the aid to achieving the objectives of the Euratom Treaty, set out in Article 2(d) thereof.
Podjetja, ki prejmejo državno pomoč, pridobijo veliko konkurenčno prednost na jedrskem trgu.
However, TVO stressed the need also to consider Article 2(b) and (c) of the Treaty.
Zanj je značilna velika intenzivnost konkurence in potreba po vse večjih jamstvih.
With respect to Article 2(c), the aid contributed to the completion of OL3, which was an important project for the development of the European energy sector and for security of supply in the Nordic countries.
Anonimna tretja stran meni, da bo prihodnje sodelovanje med družbama Nouvel Areva in Nouvel Areva NP obnovilo močno sinergijo, kar bo prispevalo k izkrivljanju konkurence.
With respect to Article 2(b), the nuclear safety objective implied, as laid down in Article 11 of the Convention on Nuclear Safety that ‘each Contracting Party shall take the appropriate steps to ensure that sufficient numbers of qualified staff with appropriate education, training and retraining are available for all safety-related activities in or for each nuclear installation, throughout its life’.
PRIPOMBE FRANCIJE
Given that TVO's expertise was mainly restricted to the operation of power plants, it was relying on the Consortium's expertise to ensure the safety of the OL3 project.
Pripombe Francije so sestavljene iz štirih delov, ki se nanašajo na glavne dvome Komisije iz sklepa o začetku postopka.
However, a restructuring plan involving the ring-fencing of the OL3 project in a legacy structure risked giving rise to under-allocation of qualified staff from the Areva Group to the project, loss of back-office support from the Areva Group in France and Germany, loss of the Areva Group's technical infrastructure and potential problems with project sub-contractors.
Francoski organi najprej poskušajo dokazati, da je edini ukrep, ki se lahko obravnava kot državna pomoč, povečanje kapitala družb Areva SA in Nouvel Areva.
Second, as regards the return to long-term viability of the Areva Group, TVO questioned whether the capital injection into Areva SA was sufficient, whether the assumptions underlying the restructuring plan were realistic, and therefore whether the aid could ensure the long-term viability of Areva SA.
Nato predstavijo odgovore na dvome Komisije glede uresničljivosti predpostavk, ki so podlaga za poslovni načrt, sorazmernosti zneska pomoči in predlaganih ukrepov v zvezi s konkurenco.
Third, as regards the one-time-last-time principle, if the restructuring plan did not ensure that the Areva Group was able to meet its obligations in respect of the completion of the OL3 project, additional obligations in the form of damages associated with new delays could arise.
Samo povečanje kapitala se lahko obravnava kot državna pomoč
It would then be impossible to approve new State aid because of the one-time-last-time principle.
Francoski organi najprej navajajo, da možnost, v skladu s katero bi skupina Areva zagotovila državno pomoč tretjim stranem s prodajo svojih hčerinskih družb po prenizki ceni, (i) v tem postopku ni pomembna in (ii) je povsem teoretična glede na to, da se skupino Areva spodbuja k doseganju čim večjega dobička iz prodaj.
In order to address these doubts and questions, TVO stressed that any restructuring plan had to comprise:
Francoski organi prav tako navajajo, da skupina Areva ne bo prejela nobene pomoči iz prodaj družb Nouvel Areva NP in Areva TA, pri katerih se sicer uporabijo državna sredstva, vendar se izvedejo po tržnih cenah.
operational measures to ensure that sufficient human, technical and financial resources remained available and were set aside to ensure the proper completion of the OL3 project within the deadlines agreed and in line with the performance level guaranteed in the initial construction contract, and to cover other potential costs until the end of the guarantee period and beyond;
Francoski organi glede družbe Nouvel Areva NP pojasnijo, da je bil v družbi EDF uveden poseben način upravljanja za zagotavljanje zaščite interesov družbe EDF.
sufficient financial resources allocated to the entity in which the OL3 project was to be housed, and earmarked in full for this project specifically, in order to cover the residual costs of completion and the other obligations deriving from the various contracts concluded between the Areva Group and TVO.
V okviru tega upravljanja je bila ustanovljena posebna delovna skupina za nakup družbe Nouvel Areva NP, ki je sestavljena iz neodvisnih članov upravnega odbora, da bi se potrdilo skladnost te transakcije z interesom družbe EDF in pripravilo neodvisno mnenje za upravni odbor družbe EDF.
Together with two companies belonging to the Areva Group (Areva GmbH and Areva NP), Siemens is part of the Consortium sponsoring the OL3 project.
V tej delovni skupini ni nobenega predstavnika države.
Although the Areva Group is carrying the biggest share of the project, the members of the Consortium are jointly and severally liable to their client, TVO, for the completion of the project.
Na podlagi dela te skupine, ki je pri banki Société Générale naročila študijo o vrednotenju, je družba EDF sprejela odločitev o nakupu.
While the Siemens group expressed full support for the intervention by the French State on behalf of the Areva Group, it nevertheless had a number of reservations.
Francoski organi so prav tako razložili, da so se v zvezi z nakupom dejavnosti skupine Areva, povezane z reaktorji, ki ga bo izvedla družba EDF, odločili za uporabo postopka prenosa na hčerinsko družbo.
First, Siemens questioned whether the aid was sufficient to cover the commitments and risks borne by Areva SA:
Po navedbah francoskih organov novi postopki prodaje ne vplivajo na vrednotenje, ki sta ga izvedli stranki in njuni svetovalci na predpostavki prejšnjega postopka prodaje: 2,5 milijarde EUR za 100 % lastnih sredstev.
Siemens estimated the Areva Group's exposure to the OL3 project at between EUR [0-5 billion] and EUR [0-5 billion] in a baseline scenario, while an adverse scenario, including (i) […] and (ii) […], could see it rise to EUR […].
Ne glede na pravne postopke za prodajo ostaja dejanski gospodarski položaj za družbo EDF nespremenjen; prevzela bo prvotne dejavnosti družbe Areva NP, ne da bi prevzela tveganje, povezano s projektom OL3.
Siemens also pointed to the additional liabilities, such as certain banking liabilities, borne by Areva SA to the tune of EUR 3,4 billion.
Družba EDF bo prav tako zaščitena pred tveganji, povezanimi s pogodbami o sestavnih delih.
Siemens then wondered how the structure that was to house the OL3 project would have sufficient legal, human, financial and operational resources to carry the project to completion, if the activities and operational resources in construction were to be transferred to New Areva NP for sale to EDF.
Ta tveganja niso bila upoštevana pri izvedbi vrednotenja januarja 2016, vendar to zaradi mehanizma zaščite, ki sta ga določili stranki, ne vpliva na njegovo vsebino.
The almost inevitable outsourcing of part of the project to New Areva NP could […].
V zvezi z družbo Areva TA je postopek vrednotenja potekal v dveh fazah v skladu z običajno tržno prakso: (i) med januarjem in majem 2016 je skupina Areva konzorciju kupcev posredovala finančne, operativne, pravne in davčne informacije ter organizirala več delovnih srečanj z vodstvom družbe Areva TA; (ii) konzorcij je imel nato dostop do t. i. podatkovne sobe (angl. data room) in je lahko z vodstvom družbe Areva TA izmenjal vprašanja in odgovore.
Siemens also expressed concern that the Areva Group's restructuring plan designed to ring-fence OL3 in a specific structure might be blocked […] by TVO.
V tem okviru je skupini Areva in kupcu med skrbnim finančnim pregledom (angl. due diligence) pomagalo 12 pravnih, bančnih in strokovnih svetovalcev.
According to Siemens, these risks could be covered by additional mechanisms such as (i) additional financial resources from the French State, (ii) a State guarantee covering any additional liabilities arising from the OL3 project, or (iii) an undertaking from the French State to finance any additional capital shortfall linked to the project.
Ta cena se je upoštevala v pogodbi o prodaji, ki je bila podpisana 15. decembra 2016.
Lastly, given that Siemens and the Areva Group bore joint liability within the Consortium, Siemens was worried that it would have to cover the financial costs that the Areva Group was unable to meet, which in its view, would be incompatible with the burden-sharing principle laid down in the Guidelines.
Francoski organi menijo, da upoštevano vrednotenje temelji na splošno sprejetih metodah in običajnih postopkih.
Third party wishing to remain anonymous
Skupina Areva izvaja načrt prestrukturiranja, s katerim bo obnovila svojo dolgoročno sposobnost preživetja
A final third party, who wished to remain anonymous, alerted the Commission to the distortions of competition generated by the aid under scrutiny.
Francoski organi najprej predstavijo posodobljeno finančno napoved družbe Nouvel Areva.
According to this third party, both New Areva and New Areva NP would end up stronger as a result of the restructuring, thanks to the State intervention.
Francoski organi se nato odzovejo na različne dvome, ki jih je izrazila Komisija v zvezi z načrtom za obnovo dolgoročne sposobnosti preživetja.
Undertakings in receipt of State support had a distinct competitive advantage in the nuclear industry, which was characterised by very intense competition and a demand for increasingly broad guarantees.
V poslovnem načrtu družbe Nouvel Areva se upoštevajo posledice predvidenih prodaj
Lastly, the anonymous third party took the view that the future cooperation between New Areva and New Areva NP would recreate important synergies that would distort competition.
To je skupno vsem dobaviteljem jedrskega materiala, saj dobavne pogodbe na splošno veljajo več let, običajno od pet do deset let, kar je odvisno od vrste materiala (surovi, pretvorjeni ali obogateni uran) in stranke.
COMMENTS BY FRANCE
Po drugi strani se bo zaradi različnih predvidenih prodaj in zlasti prodaje družbe Nouvel Areva NP na daljši rok poslabšal konkurenčni položaj družbe Nouvel Areva.
The comments by France are divided into four parts, corresponding to the main doubts raised by the Commission in the opening decision.
Poleg tega skupina Areva izvaja načrt za razvoj uspešnosti in konkurenčnosti, kar bo omogočilo ublažitev kratkoročnega vpliva prodaje družbe Nouvel Areva NP na njene strukturne stroške.
First, the French authorities seek to demonstrate that the only measure which could constitute State aid is the capital injection into Areva SA and New Areva.
V zvezi z zmanjšanjem nabave je cilj zadevnega načrta ustvarjanje dobička na tem področju, s čimer bi se nadomestilo zmanjšanje obsega nabave po prodaji družbe Nouvel Areva NP.
They then respond to the Commission's doubts concerning the robustness of the assumptions underlying the business plan, the proportionality of the aid and the proposed competition measures.
Vendar se pri negativni finančni napovedi predpostavlja, da bodo cilji načrta doseženi le [50–100-odstotno] in se bo zato negativni vpliv občutil.
Only the capital injection could constitute State aid
Analiza občutljivosti in strategija za zmanjšanje tveganja
The French authorities pointed out first that the possibility of the Areva Group granting State aid to third parties by selling its subsidiaries at too low a price (i) was not relevant in this procedure, and (ii) was entirely theoretical because it had an incentive to maximise the return on its divestments.
Francoski organi in skupina Areva so opredelili glavne dejavnike tveganja za prihodnost družbe Nouvel Areva.
They also pointed out that the Areva Group was receiving no aid from the divestments of New Areva NP and Areva TA, which involved State resources but were being carried out at market price.
Pojasnjeno je, da je že osnovni scenarij zelo previden in je zato verjetnost za sočasno uresničenje vseh negativnih predpostavk majhna.
As regards New Areva NP, the French authorities explained that a specific type of governance had been introduced within EDF to ensure that EDF's interests were protected.
Prvi od teh dejavnikov je devizni tečaj EUR/USD.