96/278/EC: Commission Decision of 31 January 1996 concerning the recapitalization of the Iberia company (Only the Spanish text is authentic) (Text with EEA relevance)

• Articles: 2

Article 1

The various transactions relating to the company Andes Holding BV and the injection of capital of Pta 87 billion made by the company Teneo on behalf of the company Iberia do not amount to State aid within the meaning of Article 92 (1) of the Treaty establishing the European Community or Article 61 (1) of the Agreement establishing the European Economic Area, particularly in view of the Spanish Government's undertakings set out at the end of the ante-penultimate paragraph of point VII above.

Article 2

This Decision is addressed to the Kingdom of Spain.

Done at Brussels, 31 January 1996.

For the Commission

Neil KINNOCK

Member of the Commission

(1) OJ No C 114, 6. 5. 1995, p. 7.

(2) OJ No L 240, 24. 8. 92, pp. 1, 8 and 15.

(3*) In the published version of the Decision, some business information has hereinafter been omitted.

(4) Commission communication on the application of Articles 92 and 93 of the Treaty to public authorities' holdings; Bull. EC, 9-1984: Judgment of the Court of Justice of 13 March 1985 in Joined Cases 296/82 and 318/82, Kingdom of the Netherlands and Leeuwarder Papierwarenfabriek BV v. Commission, ECR [1985] 809, paragraph 17.

(5) ECR [1991] I-1603, paragraph 20.

(6) Commission communication on the application of Articles 92 and 93 to public authorites' holdings; Bull. EC 9-1984.

(7) See letter from the Commission to the Member States of 5 April 1989 (Ref. SG(89) D/4328).

(8) Application of Articles 92 and 93 of the EC Treaty and Article 61 of the EEA Agreement to State aids in the aviation sector, Chapters I.3 and V.2: OJ No C 350, 10. 12. 1994, p. 5.