98/466/EC: Commission Decision of 21 January 1998 granting conditional approval to aid which France has decided to grant to Société française de production (notified under document number C(1998) 230) (Only the French text is authentic) (Text with EEA relevance)
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
The aid by France contained in the restructuring plan of 24 November 1997 for Société française de production in the form of industrial restructuring aid of FRF 1 200 million (ECU 182 million) and financial restructuring aid of FRF 1 300 million (ECU 197 million) is compatible with the common market under Article 92(3)(c) of the EC Treaty and Article 61(3)(c) of the EEA Agreement, provided that France complies with the conditions set out in Article 2.
1. Prior to any aid payments, France shall give the Commission an undertaking that the restructuring plan, including the reductions in staff and the timetable for such reductions, has been definitively confirmed. 2. Aid shall be paid only as and when the plan is implemented. 3. The aid in question shall be the last possible aid for SFP; no further aid may be granted in future, save in exceptional, unforeseeable circumstances occurring outside the firm. 4. The French authorities shall submit to the Commission a detailed report on the implementation of the plan every six months from 1 January 1998 to the end of 2000. 5. The French authorities shall not favour SFP either directly or indirectly through public television channels, in particular by obliging such channels to place orders with SFP.
This Decision is addressed to the French Republic. Done at Brussels, 21 January 1998. For the Commission Karel VAN MIERT Member of the Commission (1) OJ C 126, 23. 4. 1997, p. 4. (2) See footnote 1. (3) ECU 1 = FRF 6,6. (4) OJ L 95, 10. 4. 1997, p. 19. (5) 'Government capital injections`, Bulletin EC 9-1984 (see points 3.2 and 3.3 for the criteria distinguishing between capital contributions involving aid and those not involving aid.) (6) OJ C 368, 23. 12. 1994, p. 12. (7) [1984] ECR, p. 3809, paragraph 39. (8) OJ L 67, 7. 3. 1998, p. 31.
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