Article 1
The State aid which Germany granted to Draiswerke in the form of a DEM 0,8 million (ECU 0,4 million) loan provided by the Mannheim city authorities and the 50 % guarantee provided by LAKRA is compatible with the common market.
1999/275/EC: Commission Decision of 25 November 1998 on State aid granted by Germany to Draiswerke GmbH (Text with EEA relevance) (notified under document number C(1998) 3800)
1999/275/EC: Commission Decision of 25 November 1998 on State aid granted by Germany to Draiswerke GmbH (Text with EEA relevance) (notified under document number C(1998) 3800)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
Article 2
Germany shall submit detailed annual reports to the Commission in order to demonstrate that the restructuring plan is being implemented properly.
Article 3
This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 25 November 1998. For the Commission Karel VAN MIERT Member of the Commission (1) OJ C 207, 3.7.1998, p. 14. (2) OJ C 368, 23.12.1994, p. 12. (3) OJ L 107, 30.4.1996, p. 4. (4) OJ C 68, 6.3.1996, p. 9. (5) In their letters, Draiswerke's banks gave a favourable opinion on the firm's prospects. (6) As is explained later, the Commission considers that the restructuring plan is a feasible, coherent and far-reaching plan and that it is designed to restore the firm's long-term viability within a reasonable time scale. (7) See footnote 2.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.
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