2014/767/EU: Commission Decision of 23 July 2013 on the State aid SA.35062 (13/N-... (32014D0767)
2014/767/EU: Commission Decision of 23 July 2013 on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos (notified under document C(2013) 4801) Text with EEA relevance
- COMMISSION DECISION
- of 23 July 2013
- on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos
- (notified under document C(2013) 4801)
- (Only the English text is authentic)
- (Text with EEA relevance)
- (2014/767/EU)
- 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 on the misuse of aid
- 3.
- RESTRUCTURING OF CGD
- 4.
- POSITION OF THE PORTUGUESE AUTHORITIES
- 4.1.
- Position of the Portuguese authorities on the restructuring plan
- 4.2.
- Position of the Portuguese authorities on the procedure on the misuse of aid
- 4.3.
- Commitments of the Portuguese authorities
- 5.
- ASSESSMENT
- 5.1.
- Existence of State Aid
- 5.2.
- Compatibility of the aid with the internal market
- 5.2.1.
- Legal basis for the compatibility of the aid
- 5.2.2.
- Compatibility of the aid with the Restructuring and Prolongation Communication
- 5.3.
- Monitoring
- Article 1
- Article 2
- Article 3
- Article 4
- ANNEX
- COMMITMENTS CAIXA GERAL DE DEPÓSITOS, S.A.
- 1.
- Background
- 2.
- Definitions
- 3.
- General
- 4.
- Restructuring of cgd: split into core activities and non-core activities
- 4.2. The Core Activities
- 4.2.3. Size
- 4.2.4. Branches and Employees
- 4.2.5. Description of Core Activities
- 4.2.6. Principles which apply to the International Core Activities and to the International Instrumental Activities
- 4.2.7. Restructuring plan for BCG Spain
- 4.2.7.3.1. Phase 1
- 4.2.7.3.2. Phase 2
- 4.3. The Non-Core Activities
- 4.3.1. The sale of Caixa Seguros
- 4.3.2. Assets allocated to the Non-Core Activities to be run-down
- 5.
- Repayment Mechanism of the AID
- 6.
- Behavioural measures and corporate governance
- 6.5. Assurances regarding corporate governance
- 6.6. Remuneration of bodies and employees:
- 6.10. Monitoring Trustee
- 6.11. Divestiture Trustee
- Appendix I
- THE MONITORING TRUSTEE
- (A)
- Appointment of the Monitoring Trustee
- (B)
- Appointment of the Divestiture Trustee
- (C)
- General duties and obligations
- (D)
- Duties and obligations of the Monitoring Trustee and the Divestiture Trustee
- (E)
- Duties and obligations of CGD
- (F)
- Replacement, discharge and reappointment of the Trustee
- Appendix II
- NET ASSETS CONTRIBUTION ARISING FROM PARTICIPATIONS ON OTHER DOMESTIC BUSINESS UNITS (EQUITY METHOD)
- Appendix III
- DETAILED ASSETS OF BCG SPAIN (INCLUDING ASSETS THAT WILL BE TRANSFERRED TO THE SPANISH BRANCH)
- Appendix IV
- DETAILED ASSETS OF THE SPANISH BRANCH
- Appendix V
- LIST OF THE […] SPANISH BRANCHES ([…])
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