Commission Decision (EU) 2016/2057 of 2 May 2016 on the State aid and measures SA... (32016D2057)
INHALT
Commission Decision (EU) 2016/2057 of 2 May 2016 on the State aid and measures SA.29338 (2013/C-30) and SA.44910 (2016/N) in favour of HSH Nordbank AG (notified under document C(2016) 2689) (Text with EEA relevance )
- COMMISSION DECISION (EU) 2016/2057
- of 2 May 2016
- on the State aid and measures SA.29338 (2013/C-30) and SA.44910 (2016/N) in favour of HSH Nordbank AG
- (notified under document C(2016) 2689)
- (Only the German text is authentic)
- (Text with EEA relevance)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION
- 2.1.
- The beneficiary
- 2.2.
- The measures
- 2.2.1.
- The re-increase of the guarantee ceiling in June 2013 (the ‘2013 measure’)
- 2.2.2.
- The 2016 measures
- 2.3.
- Commitments
- 2.4.
- Grounds for initiating the procedure
- 3.
- COMMENTS FROM GERMANY
- 4.
- ASSESSMENT OF THE MEASURES
- 4.1.
- Existence of aid in the 2016 measures
- 4.1.1.
- Mechanics of the guarantee and impact of 2016 measures
- 4.1.2.
- Advantage in the 2016 measure 1
- 4.1.3.
- Advantage in the 2016 measure 2
- 4.1.4.
- Conclusion
- 4.2.
- Compatibility
- 4.2.1.
- Assessment of the grounds for opening
- 4.2.2.
- Change in the purpose of the aid
- 4.2.3.
- Limitation of the aid to the minimum
- 4.2.4.
- Avoidance of undue distortions of competition
- 4.2.5.
- The sales process
- 4.2.6.
- Monitoring
- 5.
- CONCLUSION
- Article 1
- Article 2
- Article 3
- ANNEX I
- LIST OF COMMITMENTS IN STATE AID CASE SA.29338 HSH NORDBANK AG
- 1.
- [Restructuring phase and monitoring trustee]
- 2.
- [Holding company structure]
- 3.
- [Obligations under the guarantee]
- 4.
- [Sale of assets to the
- Länder
- and on the market]
- 5.
- [Sale]
- 7.
- [Reduction of balance sheet total, and business model]
- 14.
- [Remuneration of bodies, employees and vicarious agents]
- ANNEX II
- LINE-BY-LINE VALUATION RESULTS — FORMATION LEVEL
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