Commission Decision (EU) 2020/1183 of 25 February 2020 on State aid SA.34445 (201... (32020D1183)
Commission Decision (EU) 2020/1183 of 25 February 2020 on State aid SA.34445 (2012/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (Only the English text is authentic) (Text with EEA relevance)
- COMMISSION DECISION (EU) 2020/1183
- of 25 February 2020
- on State aid SA.34445 (2012/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC
- (Only the English text is authentic)
- (Text with EEA relevance)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION
- 2.1.
- The beneficiary
- 2.2.
- The events triggering the aid measures
- 2.3.
- The aid measures
- 2.4.
- The formal investigation procedure
- 3.
- RESTRUCTURING
- 3.1.
- The restructuring plan
- 3.2.
- Actions taken by Denmark to address the concerns raised by the Commission
- 3.3.
- Commitments proposed by Denmark
- 4.
- POSITION OF THE DANISH AUTHORITIES
- 5.
- ASSESSMENT
- 5.1.
- Existence of State aid
- 5.1.1.
- State resources
- 5.1.2.
- Existence of an advantage
- 5.1.3.
- Selectivity
- 5.1.4.
- Distortions of competition and effect on trade between Member States
- 5.2.
- Amount of aid
- 5.3.
- Compatibility of State aid
- 5.3.1.
- Legal basis for the compatibility of the aid
- 5.3.2.
- Compatibility of the aid with the Impaired Assets Communication
- 5.3.3.
- Compatibility of the aid with the Restructuring Communication and the 2011 Prolongation Communication
- (93)
- (a) Viability
- (ii) Viability
- (iii) Distortion of competition
- 5.4.
- Conclusion and closure of the opening of the formal investigation procedure
- 6.
- COMPLIANCE OF THE MEASURES WITH THE PROVISIONS OF DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
- (103)
- ON BANK RECOVERY AND RESOLUTION
- 7.
- CONCLUSION
- Article 1
- Article 2
- ANNEX
- TERM SHEET (CASE SA.34445) Denmark – Restructuring plan of FIH
- 1. BACKGROUND
- 2. DEFINITIONS
- 3. GENERAL
- 4. STRUCTURAL MEASURES
- 4.1.
- Acquisition Finance
- 4.2.
- Closure of the Property Finance business
- 4.3.
- Divestiture of the Private Equity business
- 4.4.
- Mortgage Bank
- 5. BEHAVIOURAL MEASURES AND CORPORATE GOVERNANCE
- 6. CAPITAL RELIEF
- 7. REPORTING
Feedback