2006/937/EC: Commission Decision of 5 July 2005 on State aid C 20/04 (ex NN 25/04... (32006D0937)
2006/937/EC: Commission Decision of 5 July 2005 on State aid C 20/04 (ex NN 25/04) in favour of Huta Częstochowa SA (notified under document number C(2005) 1962) (Text with EEA relevance)
- COMMISSION DECISION
- of 5 July 2005
- on State aid C 20/04 (ex NN 25/04) in favour of Huta Częstochowa SA
- (notified under document number C(2005) 1962)
- (Only the Polish version is authentic)
- (Text with EEA relevance)
- (2006/937/EC)
- I. PROCEDURE
- II. DETAILED DESCRIPTION OF THE MEASURES
- 1. Introduction
- 2. The recipient
- a) Huta Częstochowa
- b) Huta Stali Częstochowa
- 3. The restructuring of Huta Częstochowa
- a) The restructuring of the Polish steel sector
- b) The Act of 30 October 2002
- c) The restructuring process of Huta Częstochowa
- d) Huta Częstochowa's creditors
- e) Arrangements for financial restructuring
- (1)
- MH — and the satisfaction of commercial claims
- (2)
- Operator — and the satisfaction of restructurable public institutional claims
- (3)
- RFG — Satisfaction of non-restructurable commercial and public claims
- (4)
- The sale of the Huta Częstochowa companies to a strategic investor
- f) Overview of claims and transfers
- 3. Subsidies and other measures
- a) Subsidies in favour of Huta Częstochowa
- b) Measures in favour of Huta Stali Częstochowa
- III. GROUNDS FOR INITIATING THE PROCEDURE
- IV. COMMENTS FROM INTERESTED PARTIES
- V. COMMENTS FROM POLAND
- 1. The restructuring of Huta Częstochowa
- 2. The operation of Huta Stali Częstochowa
- 3. Grants and other measures
- 4. Approval of changes in the NRP
- 5. Assurance concerning separation of the respective operations of LNM, MSP and HCz
- VI. AID ASSESSMENT
- 1. Applicable law
- 2. Existence of aid
- a) Aid for the restructuring of Huta Częstochowa and application of the private creditor test
- b) Grants and other measures
- 3. Compatibility of aid with the common market
- 4. Conclusions
- VII. APPROVAL OF CHANGES IN THE NRP UNDER POINT 10 OF PROTOCOL NO 8
- VIII. COMPLIANCE WITH POINT 4 OF PROTOCOL NO 8
- Article 1
- Article 2
- Article 3
- Article 4
- Article 5
- ANNEX
- Information regarding enforcement of Commission Decision 2006/937/EC
- 1. Calculation of the amount to be recovered
- 2. Measures planned and already taken to recover the aid
- 3. Recovery already effected
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