2001/43/EC: Commission Decision of 20 September 2000 amending Commission Decision 1999/395/EC on State aid implemented by Spain in favour of Sniace SA, located in Torrelavega, Cantabria (Text with EEA relevance) (notified under document number C(2000) 2741)

Decision 1999/395/EC · Decision · 2 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

Decision 1999/395/EC is hereby amended as follows: 1. The first subparagraph of Article 1 is replaced by the following: "The following measures which Spain has implemented in favour of Sociedad Nacional de Industrias y Aplicaciones de Celulosa Española SA (Sniace) do not constitute State aid: (a) the agreement of 8 March 1996 (as amended by the agreement of 7 May 1996) between Sniace and the Social Security Treasury to reschedule debts covering ESP 2903381848 (EUR 17449676,34) in principal, as further amended by the agreement of 30 September 1997 to reschedule debts covering ESP 3510387323 (EUR 21097852,72) in principal; (b) the agreements of 5 November 1993 and 31 October 1995 between Sniace and the wage guarantee fund Fogasa covering ESP 1362708700 (EUR 8190044,23) and ESP 339459878 (EUR 2040194,96) respectively" 2. Article 2 is revoked.

Article 2

This Decision is addressed to the Kingdom of Spain. Done at Brussels, 20 September 2000. For the Commission Mario Monti Member of the Commission (1) OJ C 110, 15.4.2000, p. 33. (2) OJ L 149, 16.6.1999, p. 40. (3) OJ C 49, 14.2.1998, p. 2. (4) [1999] ECR I-2459. (5) OJ L 8, 11.1.1997, p. 14. (6) See footnote 1. (7) BOE 154, 20.6.1994, p. 20658. (8) According to Spanish law, public institutions such as the Social Security Treasury enjoy the privilege of not subscribing to a creditors agreement. (9) See footnote 3. (10) [1999] ECR I-3913.

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

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