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    Commission Decision (EU) 2016/449 of 28 July 2015 on State aid SA.38544 2014/C (e... (32016D0449)
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    EU - Rechtsakte: 04 Fisheries

    COMMISSION DECISION (EU) 2016/449

    of 28 July 2015

    on State aid SA.38544 2014/C (ex 2014/N) which France is planning to implement in favour of Kem One

    (notified under document C(2015) 5169)

    (Only the French version is authentic)

    (Text with EEA relevance)

    THE EUROPEAN COMMISSION,
    Having regard to the Treaty on the Functioning of the European Union, and in particular the first subparagraph of Article 108(2) thereof,
    Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof,
    Having called on interested parties to submit their comments pursuant to those articles(1), and having regard to their comments,
    Whereas:

    1.   

    PROCEDURE

    (1) On 30 July 2014, after pre-notification contacts, France notified to the Commission three financial support measures (an FDES loan, grants and repayable advances, and a possible write-off of tax and social security debts) included in the restructuring plan to ensure the continued existence of Kem One SAS (‘Kem One’ or ‘the company’).
    (2) By letter dated 1 October 2014, the Commission informed France that it had decided to initiate the procedure laid down in Article 108(2) of the Treaty on the Functioning of the European Union (‘TFEU’) in respect of these measures (‘the opening decision’). France submitted its comments by letter dated 3 November 2014.
    (3) The Commission decision to initiate the procedure was published in the
    Official Journal of the European Union
    (2). The Commission invited interested parties to submit their comments on the measures in question.
    (4) The Commission received comments from six interested parties and forwarded them to France, giving it the opportunity to comment on them, and received its observations by letter dated 25 February 2015.
    (5) On 20 March 2015, France submitted additional information in support of its observations. On the same day, the Commission requested additional information, which France provided on 8 May 2015. The Commission subsequently requested additional information on 23 June 2015, which France provided on 2 July 2015.
    (6) In addition, several conference calls and meetings took place between the Commission and the French authorities.

    2.   

    BACKGROUND

    2.1.   THE BENEFICIARY: KEM ONE

    (7) Kem One was a wholly owned subsidiary of Kem One Holding, which had been set up in 2012 to enable Arkema's vinyl business to be transferred to a subsidiary and taken over by the Klesch Group, a financial group based in Switzerland. In 2012, Kem One and its subsidiaries (Kem One Italia and Kem One Hernani) generated total turnover of EUR […]
     (
    *
    )
    million, of which EUR […] million in France, the main centre of production and sales. They employ 1 315 staff in France and approximately 80 in Spain and Italy.
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