2012/660/EU: Commission Decision of 27 March 2012 on the measures SA. 26909 (2011... (32012D0660)
2012/660/EU: Commission Decision of 27 March 2012 on the measures SA. 26909 (2011/C) implemented by Portugal for the restructuring of Banco Português de Negócios (BPN) (notified under document C(2012) 2043) Text with EEA relevance
- COMMISSION DECISION
- of 27 March 2012
- on the measures SA. 26909 (2011/C) implemented by Portugal for the restructuring of Banco Português de Negócios (BPN)
- (notified under document C(2012) 2043)
- (Only the Portuguese version is authentic)
- (Text with EEA relevance)
- (2012/660/EU)
- 1.
- Procedure
- 2.
- Description of the beneficiaries and the measures
- 2.1
- The beneficiary and its difficulties
- 2.2
- The financial support measures prior to nationalisation
- 2.3
- The financial support measures after the nationalisation
- 2.4
- The Restructuring of BPN
- 3.
- Grounds for initiating the formal investigation procedure
- 4.
- Comments from interested parties
- 5.
- Position of the Portuguese State
- 5.1
- Position of the Portuguese State on the Decision of 24 October 2011 (Opening Decision)
- 5.2
- Commitments given by the Portuguese State
- 6.
- Assessment
- 6.1
- Existence of aid
- 6.1.1.
- Measures in favour of BPN and of the economic activity after the sale
- 6.1.1.1 Measures granted before the nationalisation
- 6.1.1.2. Measures granted after the nationalisation, not specifically linked to the sale to BIC
- 6.1.1.3. Measures granted after the nationalisation, linked to the sale to BIC
- 6.1.1.4. Possible aid to the buyer
- 6.1.2
- Quantification of the aid
- 6.2
- Compatibility of the various aid measures: application of Article 107(3)(b) TFEU
- 6.3
- Compatibility under the Restructuring Communication
- 6.3.1
- Viability
- Graph 1
- Projections for the combined entity BPN/BIC under the base case scenario, 2012-2016
- 6.3.2
- Aid limited to the minimum and burden-sharing
- 6.3.3
- Measures to limit distortions of competition
- 6.3.4
- Conclusion
- 6.3.5
- Monitoring
- 7.
- Conclusion
- Article 1
- Article 2
- Article 3
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