96/544/ECSC: Commission Decision of 29 May 1996 concerning State aid to Walzwerk Ilsenburg GmbH (Only the German text is authentic) (Text with EEA relevance)

• Articles: 4

Article 1

The investment subsidy of DM 5,85 million and the tax concession of DM 0,9505 million paid by the Land of Saxony-Anhalt to the ECSC steel undertaking Walzwerk Ilsenburg GmbH, constitutes State aid incompatible with the common market and prohibited under the ECSC Treaty and Commission Decision No 3855/91/ECSC.

Article 2

Germany shall recover the aid from the recipient company. Repayment shall be made in accordance with the procedures and provisions of German law with interest, based on the interest rate used as reference rate in the assessment of regional aid schemes, commencing from the date on which the aid was paid over.

Article 3

Germany shall inform the Commission, within two months of being notified of this Decision, of the measures taken to comply therewith.

Article 4

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 29 May 1996.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ No L 362, 31. 12. 1991, p. 57.

(2) OJ No C 289, 31. 10. 1995, p. 11.