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Decision

94/1073/EC: Commission Decision of 12 October 1994 concerning the grant of State aid by France to the Bull group in the form of a non-notified capital increase (Text with EEA relevance)

CELEX
Date of document
Articles
4
Source
EUR-Lex
Article 1

The aid contained in the advance granted to Bull in February 1993, amounting to FF 2,5 billion, in the capital injection of December 1993, amounting to FF 5,5 billion and to be granted to Bull in 1994, amounting to FF 3,1 billion, is compatible with the common market and the EEA Agreement in accordance with Article 92 (3) (c) of the EC Treaty and Article 61 (3) (c) of the EEA Agreement, provided that the French authorities respect the following commitments:

(a) that the various measures, including the sale of [. . .], set out in the restructuring plan (le plan de restructuration), is completed in accordance with the timetable therein;

(b) that the restructuring of the [. . .] division as proposed in August 1994 and as detailed [. . .] is carried out;

(c) that the aid is used only for the purposes set out in the plan;

(d) that the Commission is informed of the progress being made in respect of both these restructuring plans, by means of reports setting out the situation of the restructuring and the use to which the aid is put at the 31 December 1994 and at the 30 June and 31 December 1995. These reports are to be submitted by the end of the month following these dates;

(e) that further aid is not paid to Bull except in conformity with Community law;

(f) that in the framework of the envisaged privatization, an industrial partner will acquire a significant amount of the shares of Bull or, should this partnership not be achieved, Bull will dispose of all its activities in [. . .] within a period that would guarantee the return to long-term viability of the group;

(g) that the Commission is informed of the details of the envisaged privatization process (at (f)), in advance of its being put into operation.

Article 2

The carry forward of any losses must be effected in conformity with paragraph 3.2.2 (iii) of the Community guidelines on State aid for rescuing and restructuring firms in difficulty.

Article 3

France shall inform the Commission within two months of the date of notification of this Decision of the measures taken to comply with Articles 1 and 2.

Article 4

This Decision is addressed to the French Republic.

Done at Brussels, 12 October 1994.

For the Commission Karel VAN MIERT Member of the Commission

(1) OJ No C 244, 23. 9. 1992, p. 2.

(2) Case C-367/92.

(3) OJ No C 346, 24. 12. 1993, p. 4.

(4) OJ No C 80, 17. 3. 1994, p. 4.

(1) See footnote 3, p.1.

(2) See footnote 4, p. 1.

(3) OJ No L 107, 28. 4. 1994, p. 61.

(1) For example Joined Cases C-296 and C-318/82, Netherlands and Leeuwarder Papierwarenfabriek BV v. Commission [1985] ECR, p. 809; Case C-323/82, SA Intermills v. Commission [1984] ECR, p. 3809; Case C-234/84, Belgium v. Commission [1986] ECR, p. 2263 (Meura).

(2) Bulletin EC No 9-84.

(3) OJ No C 307, 13. 11. 1993. p. 3.

(1) [...] indicates business secrets.

(2) Joined Cases C-278/92, C-279/92 and C-280/92, Imepiel and Intelhorce, paragraph 22, not yet published.

(1) OJ No L 183, 3. 7. 1992, p. 30.

(2) OJ No L 112, 3. 5. 1994, p. 64.

(3) OJ No C 75, 17. 3. 1993, p. 2.

4 articles

Cite this act

94/1073/EC: Commission Decision of 12 October 1994 concerning the grant of State aid by France to the Bull group in the form of a non-notified capital increase (Text with EEA relevance) (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/31994D1073

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