97/616/EC: Commission Decision of 21 May 1997 on the aid granted by Germany to Bremer Vulkan Werft GmbH (Only the German text is authentic) (Text with EEA relevance)

• Articles: 5

Article 1

1. The loans granted by the Land of Bremen amounting to DM 100,25 million, which were made available to offset losses on the cruise vessel Costa I, are to be considered State aid within the meaning of Article 92 (1) of the EC Treaty.

2. The guarantees amounting to DM 220 million and DM 40,7 million, as well as the grant of DM 40,6 million, are likewise to be considered State aid within the meaning of Article 92 (1) of the EC Treaty.

3. The State aid mentioned in paragraphs 1 and 2, is approved, up to the permitted maximum, as contract-related production aid within the meaning of Article 4 of Directive 90/684/EEC; the remaining balance is approved as closure aid within the meaning of Article 7 of the said Directive.

Article 2

1. The guarantee given by the Land of Bremen, amounting to DM 37,9 million and the grant of DM 3,794 million in respect of container vessel No 110 is to be considered State aid within the meaning of Article 92 (1) of the EC Treaty.

2. The State aid mentioned in paragraph 1 is approved as closure aid within the meaning of Article 7 of Directive 90/684/EEC.

Article 3

1. The guarantees given by the Land of Bremen, covering DM 32,5 million and DM 31,6 million, as well as the grant of DM 3,794 million and the defraying of losses of DM 6,70 million financed by the Land of Bremen in respect of container vessel No 111, is to be considered State aid within the meaning of Article 92 (1) of the EC Treaty.

2. The State aid mentioned in paragraph 1 is approved as closure aid within the meaning of Article 7 of Directive 90/684/EEC.

Article 4

Germany shall comply with its commitment to close Bremer Vulkan Werft GmbH i.K. at Vegesack immediately after completion of vessels Nos 110 and 111 and termination of the work on vessel No 108.

Germany shall inform the Commission of the exact closure date. Should closure not have taken place by the end of August 1997, it shall likewise inform the Commission, giving reasons for the delay.

Germany shall adhere fully to the conditions laid down in Article 7 of Directive 90/684/EEC.

Article 5

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 21 May 1997.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ C 290, 3. 10. 1996, p. 10.

(2) OJ C 330, 5. 11. 1996, p. 6.

(3) OJ L 380, 31. 12. 1990, p. 27.

(4) OJ L 251, 3. 10. 1996, p. 5.