INHALT

Commission Decision (EU) 2016/2041 of 20 January 2016 on State aid SA.33926 2013/C (ex 2013/NN, 2011/CP) granted by Belgium to Duferco (notified under document C(2016) 94) (Text with EEA relevance )

COMMISSION DECISION (EU) 2016/2041
of 20 January 2016
on State aid SA.33926 2013/C (ex 2013/NN, 2011/CP) granted by Belgium to Duferco
(Only the Dutch and French texts are authentic)
(Text with EEA relevance)
1.
2.
2.1.
2.2.
2.2.1. ORIGIN OF THE RESOURCES USED TO FINANCE THE MEASURES
2.2.2. MEASURE 1: STAKE IN DUFERCO US (9 APRIL 2003-12 DECEMBER 2006)
2.2.3. MEASURE 2: STAKE IN DPH (9 APRIL 2003-14 JUNE 2006)
2.2.4. MEASURE 3: STAKE IN DSIH (14 DECEMBER 2006)
2.2.5. MEASURES 4 AND 5: LOANS TO [THE PARENT COMPANY OF DUFERCO GROUP AT THE TIME] AND TO SIF IN 2009
2.2.6. MEASURE 6: EUR 100 MILLION INCREASE IN CAPITAL OF DLP
3.
3.1.
3.1.1. MEASURE 1
3.1.2. MEASURE 2
3.1.3. MEASURE 3
3.1.4. MEASURES 4 AND 5
3.1.5. MEASURE 6
3.2.
4.
4.1.
4.2.
4.2.1. HAIRCUT 1 — VALUATION OF THE TRADING DIVISION OF DPH
4.2.2. HAIRCUT 2 — THE CYCLICAL NATURE OF THE STEEL MARKET
4.2.3. HAIRCUT 3 — NON-LIQUIDITY OF SHARES
4.2.4. HAIRCUT 4 — RESERVE FOR PREFERENTIAL DIVIDENDS OF FSIH
4.2.5. HAIRCUT 5 — CONTROL PREMIUM
4.2.6. OTHER BACKGROUND INFORMATION
4.3.
4.3.1. TRADE RECEIVABLES
4.3.2. EXPECTED INCREASE IN VALUE OF THE […] PROJECT
4.3.3. TRANSFER OF PROPERTY TO A SUBSIDIARY OF DUFERCO DIVERSIFICATION
4.3.4. THE VALUE OF THE MARCINELLE ENERGIE PROJECT
4.3.5. TOTAL OF THE FOUR FACTORS
4.4.
4.5.
5.
5.1.
5.1.1. MEASURE 1
5.1.2. MEASURE 2
5.1.3. MEASURE 3
5.1.4. MEASURES 4 AND 5
5.1.5. MEASURE 6
5.2.
6.
6.1.
6.2.
7.
7.1.
7.1.1. STATE ORIGIN AND IMPUTABILITY CRITERIA
7.1.2. THE CRITERION OF SELECTIVITY
7.1.3. THE CRITERIA OF EFFECT ON COMPETITION AND TRADE BETWEEN MEMBER STATES
7.1.4. THE CRITERION OF ECONOMIC ADVANTAGE
7.1.4.1.
(i)
(ii)
(iii)
7.1.4.2.
(i)
(ii)
(iii)
7.1.4.3.
(i)
(ii)
(iii)
7.1.4.4.
(i)
(ii)
(iii)
7.1.4.5.
(i)
(ii)
(iii)
7.1.4.6.
8.
9.
10.
Article 1
Article 2
Article 3
Article 4
Article 5