2009/364/EC: Commission Decision of 8 October 2008 on the measure (C 33/07 (ex N ... (32009D0364)
2009/364/EC: Commission Decision of 8 October 2008 on the measure (C 33/07 (ex N 339/06 and N 729/06)) which Germany is planning to implement through the IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH (notified under document number C(2008) 5581) (Text with EEA relevance)
- COMMISSION DECISION
- of 8 October 2008
- on the measure (C 33/07 (ex N 339/06 and N 729/06)) which Germany is planning to implement through the IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH
- (notified under document number C(2008) 5581)
- (Only the German text is authentic)
- (Text with EEA relevance)
- (2009/364/EC)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION OF THE MEASURE
- 3.
- GROUNDS FOR INITIATING THE FORMAL INVESTIGATION PROCEDURE
- 4.
- COMMENTS FROM INTERESTED PARTIES
- (a)
- Subordination
- (b)
- Security
- (c)
- Repayment
- (d)
- Information and control rights
- (e)
- Termination of contract
- (f)
- Remuneration
- (g)
- Accounting and tax treatment
- 5.
- COMMENTS FROM GERMANY
- 5.1.
- Comments on the opening decision
- 5.2.
- Observations on the interested party’s comments
- 6.
- ASSESSMENT
- 6.1.
- Legality
- 6.2.
- Legal basis for the assessment
- 6.2.1.
- Economic classification of the IBG Fund silent participations
- (a)
- Investor risk
- (b)
- Subordination
- (c)
- Security
- (d)
- Remuneration
- (e)
- Ownership change-of-control clauses
- (f)
- Termination of contract
- (g)
- Legal, accounting and tax treatment
- (h)
- Conclusion
- 6.2.2.
- State aid status of the IBG Fund silent participations
- Article 1
- Article 2
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