1999/225/EC: Commission Decision of 13 May 1998 on aid granted by Germany to Herborn und Breitenbach GmbH (ex- Drahtziehmaschinenwerk Grüna GmbH) (notified under document number C(1998) 1687) (Only the German text is authentic) (Text with EEA relevance)

Decision · 3 articles

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 ↗

Article 1

The State restructuring aid granted to Drahtziehmaschinenwerk Grüna GmbH, now Herborn & Breitenbach GmbH, Chemnitz, is compatible with the common market in accordance with Article 92(3)(c) of the EC Treaty and Article 61(3)(c) of the EEA Agreement. The aid concerned comprises: (a) the special-purpose allocations for financing the redundancy programme (DEM 1,4 million); (b) the waived claims relating to equalisation payments from 1993, (DEM 4,6 million, plus DEM 0,9 million in interest); (c) the shareholder loans granted in 1996 and subsequently converted into non-repayable grants (DEM 7,8 million); (d) the loan converted into a grant and the non-repayable grants (totalling DEM 7 million); (e) the assumption of possible tax liabilities (DEM 0,3 million); (f) the provision of guarantees (DEM 15 million), of which DEM 3,3 million has actually been called prior to their assumption by the investor.

Article 2

In accordance with the Community Guidelines on State aid for rescuing and restructuring firms in difficulty (1994), Germany shall submit a detailed report every year on the implementation of the restructuring plan.

Article 3

This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 13 May 1998. For the Commission Karel VAN MIERT Member of the Commission (1) OJ C 215, 19. 8. 1995, p. 8. (2) OJ C 215, 19. 8. 1995, p. 8 and OJ C 298, 9. 10. 1996, p. 2. (3) OJ C 298, 9. 10. 1996, p. 2. (4) OJ L 314, 18. 11. 1997, p. 20. (5) See the Twenty-third Report on Competition Policy, 1993, points 402-3. (6) Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and marked with an asterisk. (7) See footnotes 1 and 2 (8) OJ C 368, 23. 12. 1994, p. 12. (9) See Panorama of EU Industry, 1997, vol. 2.

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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