natgillin/translations-raw huggingface dataset:
Therefore, NAG as the economic successor of MIB must pay back the aid.
Överlåtelse av 6,7 % av andelarna i Motorsport Resort Nürburgring GmbH från Weber Projektierungs- und Realisierungs GmbH till Rheinland-Pfälzische Gesellschaft für Immobilien und Projektmanagement GmbH till ett pris på 1 euro den 25 mars 2010.
TTI was liquidated under German Limited Liability Companies Act on 4 December 2007.
Försäljningen av tillgångarna från Nürburgring GmbH, Motorsport Resort Nürburgring GmbH and Congress- och Motorsport Hotel Nürburgring GmbH.
TTI was a limited liability company (‘Gesellschaft mit beschränkter Haftung’).
Artikel 2
By a resolution of the shareholders about liquidation, the company was dissolved.
Följande statliga stöd som Tyskland med åsidosättande av artikel 108.3 i Fördraget om Europeiska unionens funktionssätt olagligen har genomfört i form av nedanstående åtgärder är oförenligt med den inre marknaden:
The only remaining purpose of TTI was the implementation of liquidation.
Åtgärd 1
The remaining cash assets were then distributed to the shareholders.
Kapital i form av ökningar av eget kapital som Nürburgring GmbH beviljades den 31 augusti 2004 på 4398300 euro och den 4 september 2007 på 9000000 euro från delstaten Rheinland-Pfalz och den 31 augusti 2004 på 488700 euro och den 4 september 2007 på 1000000 euro från distriktet Ahrweiler.
At that moment in time, the company was dissolved.
Lån på sammanlagt 6195170,02 euro som Erlebnispark Nürburgring GmbH & Co.
Pursuant to Germany, there was no legal succession in the sense of economic continuity, because at most, cash went to the shareholders, there was no economic activity anymore, and a transfer of the business or a take-over of liability by the shareholders was not carried out.
KG beviljades av Nürburgring GmbH mellan den 1 januari 2006 och den 29 april 2009.
Germany also indicated that the assets of TTI were not sold in a tender process, since on 12 March 2004 as the date of the opening of the liquidation of TTI, these assets were only the account balance of EUR 19777,39, tax refund claims of EUR 1222,01 and interests from a bank account of EUR 30,69.
Lån på 100000 euro som Motorsport Akademie Nürburgring GmbH & Co.
As TTI was liquidated as mentioned above, it had no economic successor, especially since there was no economic activity run by anybody after liquidation, and the shareholders did not receive assets or any operational elements of TTI but only a very limited amount of cash.
KG beviljades av Nürburgring GmbH den 10 december 2002.
In this context, since there was no transfer of the business of TTI to anybody, the Commission considers that the State aid stemming from the measure at hand was not passed to anybody else.
Lån på 25000 euro som Test & Training International GmbH beviljades av Nürburgring GmbH den 15 augusti 2002:
In such case, the company has already been fully liquidated, and recovery becomes without object because the aid beneficiary no longer exists and has no economic successor.
Lån på sammanlagt 450000 euro som Camp 4 Fun GmbH & Co.
ASSESSMENT OF ECONOMIC CONTINUITY BETWEEN THE INSOLVENT COMPANIES AND THE BUYER OF THE ASSETS
KG beviljades av Nürburgring GmbH mellan den 26 maj 2009 och den 18 december 2009.
EXISTENCE OF STATE AID BENEFITING THE BUYER OF THE ASSETS
Lån på sammanlagt 500000 euro som BikeWorld Nürburgring Besitz GmbH beviljades av Nürburgring GmbH mellan den 17 oktober 2003 och den 27 oktober 2004.
In the event of a negative Commission decision regarding the recovery of incompatible aid to an undertaking in the context of Articles 107 and 108 TFEU, the Member State in question is required to recover the incompatible aid.
Lån på sammanlagt 1660000 euro som BikeWorld Nürburgring Besitz GmbH beviljades av Nürburgring GmbH mellan den 4 februari 2004 och den 22 juli 2005.
According to the Court decision on Italy and SIM 2 v Commission [173], on which the Commission founded its decisions on Olympic Airlines, Alitalia and SERNAM [174], the assessment of economic continuity between the ‘old’ entity and the new structures is established based on a set of indicators.
Åtgärd 4
The following factors may be taken into consideration:
Lån på 300000 euro som Motorsport Resort Nürburgring GmbH beviljades av Nürburgring GmbH den 27 december 2007.
the scope of the sold assets (assets and liabilities, maintenance of workforce, bundle of assets), the sale price, the identity of the buyer(s), the moment of the sale (after the initiation of preliminary assessment, the formal investigation procedure or the final decision) and the economic logic of the operation.
En del av åtgärd 5
This set of indicators was confirmed by the Court in its decision of 28 March 2012 Ryanair v Commission [175], which confirmed the Alitalia decision.
Lån på sammanlagt 11032060 euro som Cash Settlement and Ticketing GmbH beviljades av Nürburgring GmbH mellan den 27 augusti 2008 och den 18 april 2011.
Scope of assets sold
Garantiförklaring från NG till CST av den 23 december 2009, i vilken NG förpliktade sig att till och med den 31 december 2011 vidta de åtgärder som krävdes för att avvärja att CST gick i konkurs.
The Commission observes that the assets taken over by Capricorn represent all of the assets of the insolvent NG, MSR and CMHN, and they relate to the main activities of these companies.
Förklaring från NG av den 13 december 2010 enligt vilken dess fordringar gentemot CST på 10,4 miljoner euro skulle vara underordnade.
However, the Commission notes that, in the context of the tender process, the assets of NG, MSR and CMHN were split in 11 individual asset clusters and all bidders were allowed to bid for individual assets, as well as for one, several or all asset clusters (see point 2.5).
Åtgärd 6
Those clusters were formed with a view on the expected economic use of the assets, the expected investors' interest as well as the costs of separating the assets.
Ersättning på sammanlagt 640000 euro som Nürburgring GmbH har betalat till IPC Gesellschaft für internationale Projektcoordination mbH för dess tjänster vid sökandet efter privata investerare:
Furthermore, the insolvency administrators did not establish any conditions as regards the future use of the assets.
Lån på 2941000 euro som Motorsport Resort Nürburgring GmbH beviljades av Nürburgring GmbH den 15 oktober 2008.
The Commission notes that the decision that all the assets were sold to one single company was made by the market, i.e. the economic operators bidding for the assets, not by the insolvency administrators or Germany.
Åtgärd 7
Indeed, all the bidders had the possibility to bid for one of the 11 individual clusters of assets, their totality, or specific assets.
Motprestation på 1476830,88 euro som MI-Beteiligungs- und Verwaltungs GmbH erhöll från Nürburgring GmbH för överlåtelse av fordringar den 17 april 2009 från MI-Beteiligungs- und Verwaltungs GmbH från lån som Cash Settlement and Ticketing GmbH hade tagit som låntagare till Nürburgring GmbH.
For market driven reasons, the value of the bids for individual assets or clusters of assets did not reach the value of the highest bid for the totality of assets.
Åtgärd 9 Garanti som delstaten Rheinland-Pfalz ställde den 28 juli 2010 för att täcka skulderna från Nürburgring GmbH (96574200 euro och 113590800 euro), Motorsport Resort Nürburgring GmbH (92000000 euro) och Congress- und Motorsport Hotel Nürburgring GmbH (23100000 euro) för de lån som beviljades inom ramen för åtgärd 8.
This seems to be the consequence of the economic interdependence of the various clusters of assets:
Åtgärd 10
without the race track, the hotels would not be viable; without the hotels, a profitable exploitation of the race track with professional races, rock concerts and other activities with a large catchment area would be more difficult.
Åtgärd 12
As regards the employees, the tender specifications or the sales contract do not include any specific obligation, e.g. an employment guarantee, to transfer employment contracts to the new owner, apart from what is required by relevant national legislation.
Garanti som delstaten Rheinland-Pfalz ställde till Investitions- und Strukturbank Rheinland-Pfalz GmbH, genom vilken Motorsport Resort Nürburgring GmbH kunde ta ett lån på 85484000 euro.
Under German law, the employees are automatically transferred to the buyer of the assets.
Åtgärd 13
However, under German labour courts jurisprudence [176], in an insolvency context the buyer can request from the insolvency administrator to terminate employment contracts.
Tillskott som delstaten Rheinland-Pfalz beviljade Nürburgring GmbH från sina intäkter från en kasinoskatt den 29 december 2009 (1,6 miljoner euro), den 29 oktober 2010 (3,2 miljoner euro) och den 29 mars 2011 (3,2 miljoner euro).
Hence in principle the buyer could take a fresh decision on which personnel it wished to offer new employment.
Åtgärd 14
In the case at hand, in order to achieve an economically viable operation of the acquired assets, Capricorn assessed its needs, in order to achieve viability of its operations, and chose not to receive the entirety of the employees of the sellers but 85 % of them, i.e. 253 of the total 297 employees, on 1 January 2015 (date when Capricorn will start operating the acquired assets).
Lån som delstaten Rheinland-Pfalz beviljade Nürburgring GmbH den 21 augusti 2007 (20 miljoner euro), den 22 december 2009 (10 miljoner euro), den 28 december 2010 (4,65 miljoner euro), den 26 april 2011 (3,2 miljoner euro) och den 9 december 2011 (4,95 miljoner euro).
It is maintained however, that since Capricorn could take an independent decision to engage or not existing personnel, the confirmed hiring of existing personnel does not lead to continuity of operations.
Förklaring om underordnande av fordringar från delstaten Rheinland-Pfalz gentemot Nürburgring GmbH av den 29 augusti 2007 med avseende på dess fordringar på 20 miljoner euro.
In addition, the management structure and staff is planned to be completely reorganised in 2014.
Åtgärd 16
Furthermore, the Commission notes that the vast majority of the contracts on the organisation of events significant for the operational business will be terminated after the season 2014.
Lån på 40405000 euro som delstaten Rheinland-Pfalz beviljade Nürburgring GmbH den 11 januari 2011.
New contracts for the period as from 1 January 2015 will be negotiated and concluded with the customers and suppliers by the operational company established by the buyer.
Tillskott på 13,5 miljoner euro som delstaten Rheinland-Pfalz beviljade Nürburgring GmbH i juli 2011.
In this respect, also new contractual partners will be approached.
Åtgärd 17
Capricorn itself plans to organise a number of events instead of renting out the race ring to external organisers.
Ersättning som Nürburgring Automotive GmbH beviljades av Nürburgring GmbH på grundval av formel-1-koncessionsavtalet från den 13 december 2010 till den 27 november 2012.
The sale price
Anstånd med räntebetalningar på 1,473 miljoner euro som Investitions- und Strukturbank Rheinland-Pfalz GmbH beviljade Nürburgring GmbH den 15 maj 2012.
In order to avoid economic continuity, the assets under the tender process have to be sold at their market price.
Anstånd med räntebetalningar på 1,205 miljoner euro som Investitions- und Strukturbank Rheinland-Pfalz GmbH beviljade Motorsport Resort Nürburgring GmbH den 15 maj 2012.
The market price is the price, which could be set by a private investor acting under market conditions [177].
Anstånd med räntebetalningar på 303000 som Investitions- und Strukturbank Rheinland-Pfalz GmbH beviljade Congress- und Motorsport Hotel Nürburgring GmbH den 15 maj 2012.
Germany has sold the assets through an open, transparent, non-discriminatory and non-conditional tender process to the bidder submitting the highest bid with secured financing.
Åtgärd 19
Firstly, the invitation to submit an expression of interest for the Nürburgring assets did not present any limitation as to the parties that could submit offers, therefore any entity could submit an offer in the tender process.
Förklaring om undantag som delstaten Rheinland-Pfalz lämnade den 15 maj 2012 med avseende på skulderna från Nürburgring GmbH, Motorsport Resort Nürburgring GmbH och Congress- und Motorsport Hotel Nürburgring GmbH från de lån som beviljades inom ramen för åtgärd 8 på 254 miljoner euro.
Secondly, as regards the principle of transparency, the sellers provided all bidders with enough time and all the necessary and detailed information, in order to allow them to carry out a proper valuation of the assets.
Förklaring om underordnande av fordringar från delstaten Rheinland-Pfalz gentemot Nürburgring GmbH, Motorsport Resort Nürburgring GmbH och Congress- und Motorsport Hotel Nürburgring GmbH av den 15 maj 2012 med avseende på delstatens fordringar som uppkommit vid åtgärd 8 vad gäller det vid tidpunkten för förklaringen om underordnande utestående beloppet från den underordnade fordran på 254 miljoner euro.
According to the letter of KPMG titled ‘Project RING — procedures for the submission of a final offer’, sent to the interested investors on 17 October 2013, the tenderers providing proof of secured financing for the price included in their indicative offers would be granted full access to an electronic data room, they could participate in a meeting with the management of NBG, and they would receive the opportunity to participate in a structured question and answers process.
Artikel 3
On the other hand, tenderers who would not submit the above assurance and proof of necessary financing would only be granted limited access to the electronic data room and to the financial fact book of the sellers, and would be able to meet with the members of the team that prepared the financial fact book, take part in a site visit and meet for the pre-discussion of the draft purchase agreement for the assets.
Tyskland ska återkräva det stöd som beviljats inom ramen för de åtgärder som nämnts i artikel 2 och som är oförenligt med den inre marknaden från stödmottagarna, inbegripet från Nürburgring Betriebsgesellschaft mbH som ekonomisk efterträdare till Nürburgring GmbH, Motorsport Resort Nürburgring GmbH och Congress- und Motorsport Hotel Nürburgring GmbH.
Furthermore, there was constant communication throughout the tender process between the sellers (KPMG) and all bidders who qualified for the respective step of the tender process, for the purpose of providing those bidders with all relevant information and clarifications, with letters and e-mails exchanged in the period July 2013-April 2014.
Förvärvaren av de tillgångar som har avyttrats genom anbudsförfarandet, capricorn NÜRBURGRING Besitzgesellschaft GmbH, och dess dotterbolag berörs inte av eventuella återkrav av oförenligt statligt stöd.
In this context, those bidders were provided with the answers to their questions or allegations, and with all information regarding the tender's further steps.
Det stöd som ska återkrävas ska innefatta ränta från och med den dag då stödet ställdes till stödmottagarens förfogande till och med den dag det har återbetalats.
For example, in the above context, the following letters and e-mails were sent by KPMG to the bidders:
Tyskland ska meddela den exakta tidpunkt vid vilken delstaten beviljade stödet som inte anges i detta beslut.
letter of 19 July 2013 informing the bidders of the procedures for the submission of an indicative offer;
Räntan ska beräknas som sammansatt ränta enligt kapitel V i kommissionens förordning (EG) nr 794/2004 [181] och kommissionens förordning (EG) nr 271/2008 [182] om ändring av förordning (EG) nr 794/2004.
letter of 12 September 2013 informing the bidders of the extension of the deadline for the submission of indicative offers;
Tyskland ska upphöra med alla utbetalningar av det stöd som avses i artikel 2, med verkan från den dag då detta beslut antas.
e-mail of 19 September 2013 providing one of the bidders (ADAC) with an update on the financial performance of the Nürburgring;
Artikel 4
letter of 17 October 2013 informing one of the bidders ([Bidder 3]) of the procedures for the submission of a final offer;
Återkravet av det stöd som avses i artikel 2 ska genomföras omedelbart och effektivt.
e-mail of 28 October 2013 informing one of the bidders ([Bidder 2]) of the preliminary timings for the meetings with stakeholders;
Tyskland ska säkerställa att detta beslut genomförs inom fyra månader från den dag då detta beslut har delgivits.
letter of 3 December 2013 informing one of the bidders ([…]) that its Indicative Offer was no longer considered due to the fact that parties who supported that offer had withdrawn and there had been no presentation of alternative financing partners, therefore the offer's financing was considered as not secured and its closing probability was evaluated as insufficient;
Artikel 5
letter of 11 December 2013 providing one of the bidders ([Bidder 3]) with comprehensive and clear explanations to the concerns and allegations that that bidder had raised in a letter of 9 December 2013 (two days earlier);
Inom två månader från delgivningen av beslutet ska Tyskland lämna följande uppgifter till kommissionen:
letter of 18 December 2013 providing one of the bidders ([Bidder 3]) with comprehensive and clear explanations to concerns and allegations that that bidder had raised in a letter of 11 December 2013 (seven days earlier);
Det totala belopp (kapitalbelopp och ränta) som ska återkrävas från var och en av mottagarna.
e-mail of 18 February 2014 requesting one of the bidders ([Bidder 3]) for specific clarifications and confirmations regarding the latter's final offer as provided with an e-mail of 17 February 2014 (one day earlier), in particular requesting that bidder, among other things, to submit proof and evidence of its binding financing commitment e.g. in the form of a binding financing commitment letter, to provide more detail on the specific timing envisaged by that bidder for obtaining the outstanding financing commitments, and to submit an estimation on the time required to finalise the submitted offer with regard to its commercial terms;
En detaljerad beskrivning av de åtgärder som redan har vidtagits eller som planeras för att rätta sig efter detta beslut.
and j) e-mail of 9 April 2014 informing one of the bidders ([Bidder 3]) that KPMG had not yet received details on that bidder's envisaged financing structure or written confirmation from third party financing sources to support that bidder's offer, as an answer to that bidder's e-mail of 2 April 2014 (seven days earlier).
Dokument som visar att stödmottagarna har anmodats att betala tillbaka stödet.
Thirdly, the evidence submitted by Germany shows that there was no discrimination between the tenderers at any stage of the tender process.
Tyskland ska hålla kommissionen underrättad om utvecklingen vad gäller de nationella åtgärder som har vidtagits för att genomföra detta beslut till dess att återkravet av det stöd som avses i artikel 2 har slutförts.
Indeed, as is also obvious from the above in recital 235, all bidders received information and clarifications on the tender's selection criteria, rules and procedures, on the deadlines for the submission of indicative and final offers, on the extension of such deadlines, on the financial situation of the Nürburgring, on elements missing from the bidders' indicative or final offers, and on possible queries of the bidders.
Tyskland ska på kommissionens begäran omgående lämna uppgifter om de åtgärder som redan har vidtagits eller som planeras för att rätta sig efter detta beslut.
At the same time, bidders who fulfilled the tender's selection criteria, in particular the submission of confirmation of the financing of their offers from third party financial partners, were not excluded from the negotiations.
Tyskland ska också lämna detaljerade upplysningar om vilka stödbelopp och räntor som redan har återkrävts från stödmottagaren.
The Commission also notes that no bidders were offered exclusivity in the negotiations, but the latter were kept, to the reasonable extent in time, also with bidders who had not submitted the above financial confirmation in their final offers, in view of future submission of such financial confirmation.
Artikel 6
Furthermore, as described in recital 54 above, the sales contract includes a clause according to which its parties are obliged to implement it only if:
Detta beslut riktar sig till Förbundsrepubliken Tyskland.
the Commission takes a non-challengeable decision implying that neither the buyer nor its operational company are beneficiaries of the aid under assessment subject to recovery; and (2a) either the delays to bring a legal challenge against the Commission decision have expired without an appeal; or (2b) in case of an appeal, a not further challengeable court judgment has been rendered confirming the Commission decision.
Utfärdat i Bryssel den 1 oktober 2014.
In addition, Germany has stated that a Commission decision on the State aid to the Nürburgring was a condition in the asset purchase agreements mark ups provided by Capricorn, [Bidder 2] and [Bidder 3].
Vice ordförande
The Commission has to establish that the new owner of the assets will not have any link with NG, MSR and CMHN, in order to avoid that the new owner will be liable for any recovery of incompatible State aid.
EUT C 333, 30.10.2012, s. 1.
Capricorn is not an entity having a corporate law or personal direct or indirect link with NG, MSR, CMHN or their shareholders, or the previous lessees of the Nürburgring.
På grundval av förlikningsavtalet mellan NG, NAG och NBG av den 27 november 2012.
The moment of the sale
NG:s verksamhetssyfte var att främja bilsektorn och motorsport samt att främja turismen i regionen Eifel.
The Commission needs to assess whether the moment of the tender process may lead to a circumvention of a decision by the Commission to recover incompatible State aid.
NG ägs till 90 % av delstaten och till 10 % av distriktet Ahrweiler.
In this case, the Commission observes that following the extension of the main investigation to the measures notified to the Commission as rescue aid, the insolvency procedure was launched and the insolvency administrators were appointed by the competent local court in 2012.
Delstaten och distriktet Ahrweiler är representerade i NG:s styrelse i egenskap av ägare.
As the buyer insists on its transfer being made only once a final Commission decision cannot be challenged in court, the sales contract will enter into effect and the insolvency procedure will be closed only after the adoption of the present decision ordering recovery.
MSR:s verksamhetssyfte var projektutveckling och uppförande av fastigheter, semesteranläggningar, hotell och resorter samt investeringar i företag som hade samband med projektutvecklingen vid Nürburgring.
The payment of the first instalment of the price took place before the adoption of the present decision.
Sedan den 25 mars 2010 ägdes MSR till 93,3 % av NG och till 6,7 % av RIM.
In the present case, the Commission considers that the fact that the sale was launched by the insolvency administrators appointed by the competent local court and that the decision about the transfer of the assets has taken place before the adoption of the present decision is less conclusive in terms of economic continuity than a situation where the decision to sell would be taken by the aid beneficiaries themselves or where the sale process would be launched only after the adoption of the present decision.
CMHN:s verksamhetssyfte var att uppföra och driva hotell, semesteranläggningar och resorter.
The economic logic of the operation
CMHN är ett helägt dotterbolag till MSR.
The criterion of economic logic aims at assessing whether the buyer of the assets will employ them in the same way as the previous owner or whether it will use them to establish a different activity or strategy.
NAG:s verksamhetssyfte är att driva tävlingsbanan vid Nürburgring, hotellen, centrumet för körsäkerhet, skolan för racerförare, multifunktionshallarna, ringowerk samt alla övriga destinationer vid Nürburgring.
The Commission considers that the new owner will have the possibility to manage its activities under different operating conditions than NG, MSR and CMHN's and will apply its own business model.
NAG ägs till 50 % vardera av Mediinvest GmbH och Lindner Unternehmensgruppe GmbH & Co Hotel KG.