1999/679/EC: Commission Decision of 26 May 1999 on State aid granted by Germany to Dow/Buna SOW Leuna Olefinverbund GmbH (BSL) (notified under document number C(1999) 1469) (Text with EEA relevance) (Only the German text is authentic)

• Articles: 5

Article 1

The Third and Fourth Amending Agreements concluded between Dow/Buna SOW Leuna Olefinverbund GmbH (BSL) and the "Bundesanstalt fur vereinigungsbedingte Sonderaufgaben" (BvS) comply with Decision 96/545/EC approving aid for the privatisation of BSL, subject to the conditions and obligations set out in Article 2.

Article 2

1. Germany shall submit an Amendment Agreement stipulating that:

(a) the BvS will not contribute to the financing of the DEM 30,5 million costs of increasing the capacity of the benzene plant, and that

(b) the financing of the butadiene plant will be completely removed from the restructuring programme, i.e. the BvS will no longer finance the construction of this plant.

2. A copy of the Fifth Amendment Agreement shall be submitted to the Commission within one month of its conclusion.

Article 3

The provisions and conditions laid down in Decision 96/545/EC shall remain applicable. This applies in particular to the requirement that Germany submit to the Commission half yearly reports on the progress of restructuring and the amount of aid paid by the BvS.

Article 4

Germany shall inform the Commission, within two months of the date of notification of this Decision, of the measures taken to comply therewith.

Article 5

This Decision is addressed to the Federal Republic of Germany.

Done at Brussels, 26 May 1999.

For the Commission

Karel VAN MIERT

Member of the Commission

(1) OJ C 128, 25.4.1998, p. 13.

(2) OJ L 239, 19.9.1996, p. 1.

(3) See footnote 1.

(4) This cracker does not belong to Dow, but to Unipetrol, which is owned by the Czech State and is about to be privatised.

(5) See Section IV, point 9.

(6) See Section III point 3 of Decision 96/545/EC.

(7) See Section IV point 6.9 of Decision 96/545/EC.

(8) See point 9.1 of the decision of 10 December 1997. This investment is specified in point 8.1.2 of the privatisation agreement approved by the Commission.