2001/798/EC: Commission Decision of 13 December 2000 on the State aid implemented by Germany for SKET Walzwerkstechnik GmbH (aid C 70/97 (ex NN 123/97)) (Text with EEA relevance) (notified under document number C(2000) 4189)
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
The State aid which Germany has implemented for SKET Walzwerkstechnik GmbH, Magdeburg, amounting to EUR 70 million (DEM 143,5 million) is compatible with the common market within the meaning of Article 87(1) of the Treaty, subject to the conditions set out in Article 2.
1. The restructuring plan must fully be implemented. All possible measures shall be taken to ensure that the plan is put into effect. 2. Germany shall submit an annual report to the Commission on the implementation of the restructuring plan. 3. If the conditions set out in paragraphs 1 and 2 are not fulfilled, the exemption can be withdrawn.
This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 13 December 2000. For the Commission Mario Monti Member of the Commission (1) Commission letter D(97) 9271. (2) OJ C 118, 17.4.1998, p. 5. (3) Business secret. (4) As MPC is a fairly large company and thus not an SME, it does not qualify as an SME within the meaning of the Community guidelines on State aid for small and medium-sized enterprises; see Commission recommendation of 3 April 1996 (OJ C 107, 30.4.1996, p. 4). (5) OJ C 215, 19.8.1995, p. 8 and OJ C 298, 9.10.1996, p. 2. (6) OJ L 314, 8.11.1997, p. 20. (7) SKET Maschinenbau-EDV GmbH (NN 126/97) approved in May 1998; SKET Verseilmaschinenbau GmbH Β© 72/97) approved in September 1998; Cimbria SKET GmbH (NN 125/97) approved in May 1999; SKET Maschinen- und Anlagenbau GmbH Β© 69/97) approved in July 1999. (8) cf. Programme approved by the Commission under N 413/91, amended in 1994 by Decision E 5/94, which adapted the scheme to the guidelines for rescue and restructuring. (9) DEM 143,5 million + DEM 36,2 million investor contribution + DEM 12,2 million cash flow of the company. (10) See Panorama for European Industry 1999, which predicts moderate growth for the years ahead. (11) cf. Programme approved by the Commission under N 413/91, amended in 1994 by Decision E 5/94, which adapted the scheme to the guidelines for rescue and restructuring. (12) DEM 48,4 million + DEM 70,1 million + DEM 25 million. (13) DEM 48,4 million + DEM 70,1 million. (14) OJ C 368, 23.12.1994, p. 12. (15) N 464/93, letter of 22 April 1994 SG(94) D/5633; N 613/96, letter of 23 January 1997 SG(97) D/488. (16) Point 3.2 of the 1994 guidelines. These guidelines remain applicable by virtue of point 101 of the 1999 guidelines on State aid for rescuing and restructuring of firms in difficulty (OJ C 288, 9.10.1999, p. 2). (17) cf. Programme approved by the Commission under N 413/91, amended in 1994 by Decision E 5/94, which adapted the scheme to the guidelines for rescue and restructuring. (18) DEM 25 million + DEM 118,5 million. (19) See table in recital 21.
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