2009/611/EC: Commission Decision of 8 July 2008 concerning the measures C 58/02 (... (32009D0611)
2009/611/EC: Commission Decision of 8 July 2008 concerning the measures C 58/02 (ex N 118/02) which France has implemented in favour of the Société Nationale Maritime Corse-Méditerranée (SNCM) (notified under document C(2008) 3182) (Text with EEA relevance)
- COMMISSION DECISION
- of 8 July 2008
- concerning the measures C 58/02 (ex N 118/02) which France has implemented in favour of the Société Nationale Maritime Corse-Méditerranée (SNCM)
- (notified under document C(2008) 3182)
- (Only the French text is authentic)
- (Text with EEA relevance)
- (2009/611/EC)
- 1.
- PROCEDURE
- 2.
- IDENTIFICATION OF THE RECIPIENT OF THE MEASURES COVERED BY THIS DECISION
- 3.
- COMPETITIVE ENVIRONMENT
- 3.1.
- Services to Corsica
- Diagram 1
- Number of passengers transported per season (May-September) between mainland France and Corsica — 2000 to 2007 seasons
- 3.2.
- Services to the Maghreb
- 4.
- DESCRIPTION OF THE MEASURES COVERED BY THIS DÉCISION
- 4.1.
- The 2002 recapitalisation of SNCM
- 4.1.1.
- Description
- 4.1.2.
- Determination of the amount of the recapitalisation
- 4.2.
- Measures subsequent to the 2002 recapitalisation
- 4.2.1.
- Preliminary remark
- 4.2.2.
- Measures subsequent to the 2002 recapitalisation
- 5.
- SUBJECT MATTER OF THE PRESENT DECISION
- 6.
- GROUNDS LEADING TO THE ADOPTION OF THE COMMISSION DECISIONS OF 2002 AND 2006
- 6.1.
- Initiation of the 2002 formal investigation procedure
- 6.2.
- The extension of the 2006 formal investigation procedure
- 7.
- POSITION OF THE FRENCH AUTHORITIES
- 7.1.
- The 2002 recapitalisation
- 7.1.1.
- The sum of EUR 53,48 million in the light of the
- Altmark
- case
- 7.1.1.1.
- Fulfilment of the four Altmark criteria
- 7.1.1.2.
- The compatibility of the amount of EUR 53,48 million in the light of Article 86(2) EC
- 7.1.2.
- The balance notified for restructuring aid
- 7.2.
- Measures subsequent to the 2002 recapitalisation
- 7.2.1.
- The negative transfer price of SNCM
- 7.2.2.
- The joint capital contribution of the shareholders
- 7.2.3.
- The additional social measures (aid to individuals)
- 7.2.4.
- Conclusion
- 7.3.
- The lifting of the restrictions placed by the annulled decision of 2003
- 8.
- COMMENTS OF INTERESTED PARTIES
- 8.1.
- The decision to initiate the 2002 formal investigation procedure
- 8.1.1.
- Comments of Corsica Ferries (CFF)
- 8.1.2.
- Comments of the Stef-TFE group
- (92)
- 8.1.3.
- Comments of representatives of local authorities
- 8.1.4.
- Comments of the Corsica Transport Office
- 8.2.
- The decision to extend the procedure of 2006
- 8.2.1.
- Comments of Corsica Ferries (CFF)
- 8.2.1.1.
- The 2002 recapitalisation
- 8.2.1.2.
- Measures subsequent to the 2002 recapitalisation
- 8.2.2.
- Comments of STIM d’Orbigny (Stef-TFE group)
- 8.2.2.1.
- The 2002 recapitalisation
- 8.2.2.2.
- Measures subsequent to the 2002 recapitalisation
- 8.2.2.3.
- Compatibility with the 2004 guidelines
- 8.2.3.
- Comments of SNCM
- 9.
- OBSERVATIONS OF FRANCE ON THE COMMENTS OF THE INTERESTED PARTIES
- 9.1.
- Observations of France on the comments of the interested parties concerning the decision to open the 2002 formal investigation procedure
- 9.1.1.
- The comments of Corsica Ferries
- 9.1.2.
- Comments of Stef-TFE
- 9.1.3.
- Observations of France on the comments of the representatives of the local authorities
- 9.2.
- Observations of France on the comments of the interested parties concerning the 2006 decision
- 9.2.1.
- The early implementation of the measures laid down in the first restructuring plan and its amendments
- 9.2.2.
- The 2002 recapitalisation
- 9.2.3.
- Measures subsequent to the 2002 recapitalisation
- 9.2.4.
- Compatibility with the guidelines
- 9.2.5.
- The conditions imposed by the Commission decision of 2003 and the possible new compensatory measures
- 10.
- ASSESSMENT OF THE MEASURES
- 10.1.
- The capital contribution of EUR 53,48 million for public service compensation
- 10.1.1.
- Introductory remarks
- 10.1.2.
- Existence of an economic advantage in the light of the
- Altmark
- case-law
- 10.1.3.
- Compatibility with the common market of the measure in question pursuant to Article 86(2) EC
- 10.1.4.
- Conclusion
- 10.2.
- The disposal of SNCM at a negative sale price of EUR 158 million
- 10.2.1.
- Legal framework
- 10.2.2.
- Application to the present case
- 10.2.2.1.
- Observance of the principle of the private shareholder in a market economy
- 10.2.2.2.
- Consequences of a compulsory liquidation of SNCM
- (a)
- A possible order against the State ‘en comblement de passif’
- (i)
- Acknowledgment of the State as director at law or in fact of the undertaking in compulsory liquidation
- (164)
- (ii)
- The existence of one or more acts of mismanagement by the French State, de facto managing the undertaking in compulsory liquidation
- (iii)
- The finding of a shortfall in assets
- (iv)
- The existence of a causal link between the mismismanagement and the state shortfall in assets
- (b)
- The estimate of the total cost of the compulsory liquidation of SNCM
- 10.2.2.3.
- Conclusion
- 10.3.
- The capital contribution of CGMF of EUR 8,75 million
- 10.3.1.
- Legal framework
- 10.3.2.
- Application to the present case
- 10.4.
- Measures involving aid to individuals (EUR 38,5 million)
- 10.4.1.
- Legal framework
- 10.4.2.
- Application to the present case
- 10.5.
- The balance of EUR 22,52 million notified as restructuring aid
- 10.5.1.
- Compatibility of the measure with the Community Guidelines on rescue aid and restructuring aid
- 10.5.2.
- Continuation of compensatory measures
- 10.5.3.
- Conclusion
- 11.
- CONCLUSION
- Article 1
- Article 2
- ANNEX I
- OPERATIVE PART OF THE 2003 DECISION
- Article 1
- Article 2
- Article 3
- Article 4
- Article 5
- Article 6
- Article 7
- Article 8
- ANNEX II
- TABLE 3 OF THE 2003 DECISION
Feedback