1999/378/EC: Commission Decision of 4 November 1998 on aid granted by France to Nouvelle Filature Lainière de Roubaix (notified under document number C(1998) 3515) (Text with EEA relevance) (Only the French text is authentic)

• Articles: 6

Article 1

The aid in the form of an investment premium granted by France to Nouvelle Filature de Roubaix amounting to FRF 7,77 million may be considered to be compatible with the common market on the basis of Article 92(3)(c) of the Treaty.

Article 2

The aid in the form of an investment premium granted by France to Nouvelle Filature de Roubaix amounting to FRF 14,23 million is incompatible with the common market.

Article 3

1. The equity loan of FRF 18 million constitutes aid in so far as the rate applied by France is lower than the reference rate of 8,28 % applicable at the time the loan was granted.

2. The aid referred to in paragraph 1 granted by France to Nouvelle Filature de Roubaix is incompatible with the common market.

Article 4

1. France shall take all necessary measures to recover from the recipient, Nouvelle Filature de Roubaix, the aid referred to in Article 2 which has already been illegally paid.

2. Repayment shall be made in accordance with the procedures and provisions of French law. The amounts to be repaid shall bear interest from the date on which the aid was paid to the recipient until the date on which it is effectively recovered. The interest shall be calculated on the basis of the reference rate used to calculate the net grant equivalent of regional aid.

3. France shall without delay abolish the aid referred to in Article 3 by applying normal market conditions corresponding at least to the reference rate of 8,28 % applicable at the time the loan was granted.

Article 5

France shall inform the Commission within two months of the date of notification of this Decision of the measures it has taken to comply with it.

Article 6

This Decision is addressed to the French Republic.

Done at Brussels, 4 November 1998.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ C 392, 24.12.1997, p. 6.

(2) Parts of this text have been edited to ensure that confidential information is not disclosed; those parts are enclosed in square brackets and market with an asterisk.

(3) OJ C 364, 20.12.1994, p. 6.

(4) OJ C 368, 23.12.1994, p. 12.

(5) Bull. EC 9-1984.

(6) OJ C 212, 12.8.1988, p. 2.

(7) See footnote 2.

(8) See footnote 3; point 3.2.

(9) OJ C 31, 3.2.1979, p. 9.

(10) See footnote 5; point 6.

(11) OJ C 334, 12.12.1995, p. 4.