COMMISSION DECISION
of 2 March 2005
on the State aid implemented by Germany for Chemische Werke Piesteritz
(notified under document number C(2005) 427)
(Only the German text is authentic)
(Text with EEA relevance)
(2005/786/EC)
I. PROCEDURE
II. DESCRIPTION
A. The beneficiary
(in DEM million) |
|||||
|
1996/97 |
1997/98 |
1998 |
1999 |
2000 |
Annual turnover |
18,8 |
26,3 |
6,2 |
33,0 |
31,2 |
Operating result |
– 4,8 |
– 4,1 |
– 7,2 |
– 5,0 |
– 4,1 |
Employees |
80 |
99 |
100 |
100 |
97 |
B. Financial measures by the public authorities
(in EUR million) |
||
Measures in the context of the privatisation (THA) |
||
1 |
Guarantee |
1,02 |
1a |
Prolongation of guarantee and transformation into grant |
(1,02) |
2 |
Investment grant |
3,06 |
3 |
Treatment of residues |
0,31 |
Total |
4,39 |
(in EUR million) |
||
Measures by the THA/BvS |
Amount |
|
4 |
Waiver of purchase price |
3,18 |
5 |
Waiver of interest on deferral of purchase price |
0,23 |
6 |
Investment grant |
1,79 |
7 |
20 % guarantee covering private investment loan of DEM 6,3 million |
0,64 |
8 |
20 % guarantee covering private operating loan of DEM 8,5 million |
0,87 |
7a/8a |
Transformation of guarantees into loans/grants |
(1,51) |
Measures by the Land of Saxony-Anhalt |
||
9 |
80 % guarantee covering private investment loan of DEM 6,3 million |
2,58 |
10 |
80 % guarantee covering private operating loan of DEM 8,5 million |
3,47 |
Measures under approved aid schemes |
||
11 |
Direct investment grants (joint Federal Government/Länder scheme) of 8 July 1998 |
1,94 |
12 |
Investment allowances (1994-97) |
0,15 |
Total |
14,85 |
C. The restructuring
D. Costs of the restructuring
(in EUR million) |
|
Restructuring measures |
Costs |
Loss compensation (1995 to 1998) |
4,91 |
Investments in safety |
2,15 |
Restructuring investment |
5,52 |
Clean-up of environmental damage dating from before 1 July 1990 |
0,31 |
Total |
12,88 |
(in EUR million) |
|
Restructuring measures |
Costs |
Loss compensation (1995 to 1998) |
4,86 |
Investments in safety |
2,05 |
Restructuring investments |
7,98 |
Cleaning-up of environmental damage dating from before 1 July 1990 |
0,31 |
Grants |
0,20 |
Waiver of purchase price |
3,43 |
Total |
18,87 |
E. Private contribution
(in EUR million) |
|
Private financing |
Amount |
Limited partner’s capital contribution (BVT) |
4,84 |
Shareholder loan (BVT) |
0,15 |
Shareholder grant (BVT) |
0,11 |
Share capital |
0,29 |
Sales price — salt |
1,64 |
Sales price — saltworks (not yet paid) |
1,66 |
Supplier credit (Vopelius) |
2,75 |
Total |
11,44 |