COMMISSION DECISION
of 5 July 2005
concerning aid to the livestock and olive-growing sectors provided by Italy under Articles 4 and 5 of Law No 290/99, Article 15(16) of Law No 67/88 and Law No 252/91
(notified under document number C(2004) 4769)
(Only the Italian text is authentic)
(2007/655/EC)
I. PROCEDURE
II. DESCRIPTION OF THE AID
II.1 Scope
II.2 Background
II.3 Measures
II.4 Beneficiaries
II.5 Budget
III. REASONS FOR INITIATING PROCEEDINGS
IV. INFORMATION PROVIDED BY ITALY FOLLOWING THE INITIATION OF THE PROCEDURE
V. COMMENTS FROM THIRD PARTIES
VI. ASSESSMENT
VI.1 Existence of aid
VI.1(a) Compatibility of the aid
VI.1.(a) 1.
Investments connected to the processing and marketing of agricultural products
|
|
Eligible costs (ITL) |
Total contribution (ITL) |
% |
CONAZO |
Investments in less favoured areas |
4 972 623 097 |
3 729 467 323 |
75,00 |
|
Investments in other areas |
48 753 248 149 |
26 480 183 539 |
54,31 |
FIORUCCI |
Investments |
39 831 488 798 |
14 170 000 000 |
35,57 |
GUARDAMIGLIO |
Investments |
15 296 548 104 |
5 477 000 000 |
35,81 |
INALCA |
Investments |
139 597 581 320 |
42 502 000 000 |
30,45 |
PRUNOTTO |
Investments |
4 243 327 136 |
1 930 000 000 |
45,48 |
CAMALLEVAMENTI |
Investments |
4 667 623 201 |
2 567 192 000 |
55,00 |
C.L.S.M. |
Investments |
6 067 000 000 |
3 260 533 100 |
53,74 |
VI.1.(a) 2.
Investments on farms
|
Total eligible expenses (ITL) |
Total contribution (ITL) |
% |
CONAZO |
7 652 930 000 |
2 678 525 500 |
35,00 |
G E A |
2 368 708 000 |
558 831 181 |
23,59 |
Val di Cesola |
553 923 850 |
278 830 197 |
50,34 |
VI.1.(a) 3.
Aid for the financial recovery of companies and debt consolidation
|
Eligible costs ITL |
Public contribution under Law No 252/91 |
% |
CONAZO |
|||
Production |
7 652 930 000 |
2 678 525 500 |
35,00 |
Processing in less favoured areas |
4 972 623 097 |
3 729 467 323 |
75,00 |
Processing |
48 753 248 149 |
20 700 797 658 |
42,46 |
TOTAL CONAZO |
61 378 801 246 |
27 108 790 481 |
44,16 |
Consorzio Latterie Sociali Mantovane |
|||
Processing in non disadvantaged areas |
6 067 000 000 |
3 260 533 100 |
53,74 |
VI.2(d)
Concerning the loans referred to in Article 4 of Law No 290/99
VI.3 Finagra
VI.3.1. Existence of aid
VI.3.1.(a)
Purchase of equity shares
Company |
|
|
|
MCLC |
Net worth |
Finagra |
% |
1994 |
28 412 481 648 |
1 240 200 000 |
4,36 |
1995 |
28 458 138 741 |
2 479 800 000 |
8,71 |
1996 |
30 546 834 954 |
2 479 800 000 |
8,12 |
1997 |
32 191 589 226 |
2 479 800 000 |
7,70 |
1998 |
33 957 143 898 |
2 479 800 000 |
7,30 |
1999 |
32 090 948 834 |
1 239 600 000 |
3,86 |
2000 |
34 682 267 274 |
1 239 600 000 |
3,57 |
Unicarni |
Net worth |
Finagra |
% |
1994 |
12 669 243 845 |
2 000 000 000 |
15,79 |
1995 |
13 416 526 526 |
2 000 000 000 |
14,91 |
1996 |
14 558 518 843 |
2 060 000 000 |
14,15 |
1997 |
51 844 215 895 |
1 060 000 000 |
2,04 |
1998 |
51 918 316 470 |
1 075 000 000 |
2,07 |
1999 |
57 568 500 113 |
765 899 344 |
1,33 |
2000 |
60 804 913 354 |
795 580 426 |
1,31 |
2001 |
63 879 483 570 |
778 153 996 |
1,22 |
2002 |
64 931 137 640 |
799 164 462 |
1,23 |
Ultrocchi |
Net worth |
Finagra |
% |
1995 |
46 033 965 272 |
1 805 200 000 |
3,92 |
1996 |
46 202 537 881 |
1 805 200 000 |
3,91 |
1997 |
46 376 056 268 |
1 805 200 000 |
3,89 |
Guardamiglio |
Net worth |
Finagra |
% |
1995 |
9 807 056 542 |
0 |
0,00 |
1996 |
17 688 327 264 |
3 000 000 000 |
16,96 |
1997 |
17 457 904 625 |
3 000 000 000 |
17,18 |
1998 |
17 703 648 203 |
3 000 000 000 |
16,95 |
VI.3.1.(b)
Granting of loans
|
Financing members of MCLC and Unicarni |
1994 |
23 |
1995 |
35 |
1996 |
39 |
1997 |
52 |
1998 |
55 |
1999 |
58 |
2000 |
61 |
2001 |
79 |
2002 |
93 |
2003 |
103 |
Year |
Total loans received by financing members(ITL) |
No of financing members |
Value of the loans granted by Finagra (ITL) |
1996 |
6 390 361 001 |
39 |
3 500 000 000(36) |
1997 |
6 727 572 001 |
48 |
|
1998 |
10 366 345 007 |
51 |
33 000 000 000(37) |
1999 |
10 274 854 007 |
53 |
|
2000 |
8 342 949 006 |
53 |
|
2001 |
8 520 314 006 |
54 |
|
2002 |
6 603 670 715 |
91 |
|
2003 |
7 491 842 237 |
98 |
|
Beneficiary |
Eligible costs (not covered by Law No 252/91)(ITL) |
Difference of interests (ITL) |
% of aid |
1 |
2 |
3 |
4 = 3/2 |
GUARDAMIGLIO |
9 162 000 000 |
413 508 030 |
4,51 |
ULTROCCHI |
42 940 033 423 |
415 954 000 |
0,96 |