2005/90/EC: Commission Decision of 20 April 2004 on the measure implemented by France for Société de Réparation Navale et Industrielle SA (SORENI) (notified under document number C(2004) 1362) (Text with EEA relevance)

• Articles: 5

Article 1

Of the aid totalling EUR 4 570 000 granted by France to Société de réparation navale et industrielle (SORENI):

(a)

EUR 266 691 is compatible with the common market as regional investment aid under Article 87(3)(e) of the Treaty;

(b)

EUR 280 000 is compatible with the common market as training aid under Article 87(3)(e) of the Treaty;

(c)

EUR 4 023 309 is incompatible with the common market, of which EUR 1 049 003 has not been disbursed and EUR 2 974 306 has been made available.

Article 2

1.   France shall take all necessary measures to recover from the beneficiary the aid referred to in Article 1 and unlawfully made available to the beneficiary. This amounts to EUR 2 974 306.

2.   Recovery shall be put into effect without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of the decision.

3.   The aid to be recovered shall include interest from the date on which it was at the disposal of the beneficiary until the date of its recovery.

4.   Interest shall be calculated on the basis of the reference rate used for calculating the grant equivalent of regional aid.

5.   This reference rate shall be applied on a composite basis throughout the period referred to in paragraph 3.

Article 3

France shall inform the Commission, within two months of notification of this Decision, of the measures planned and taken to comply with it. It shall provide the information using the information sheet annexed hereto.

Article 4

This Decision is addressed to the French Republic.

Schedules & Appendices

ANNEX

ANNEX

Information regarding the implementation of the Commission Decision of 20 April 2004

1.   Calculation of the amount to be recovered

1.1.

Please provide the following details on the amount of unlawful State aid that has been put at the disposal of the beneficiary:

Date(s)  ( *1 )

Amount of aid  ( *2 )

Currency

Comments:

1.2.

Please explain in detail how the interests to be paid on the amount of aid to be recovered will be calculated?

2.   Measures planned and already taken to recover the aid

2.1.

Please describe in detail what measures are planned and what measures have already been taken to effect an immediate and effective recovery of the aid. Please also indicate where relevant the legal basis for the measures taken/planned.

2.2.

What is the timetable for the recovery process? When will the recovery of the aid be completed?

3.   Recovery already effected

3.1.

Please provide the following details on the amounts of aid that have been recovered from the beneficiary:

Date(s)  ( *1 )

Amount of aids repaid

Currency

3.2.

Please attach proof of the repayment of the aid amounts specified in the table under point 3.1 above.

( *1 )   Date(s) on which (individual instalments of) the aid has been put at the disposal of the beneficiary.

( *2 )   Amount of aid put at the disposal of the beneficiary (in gross aid equivalents).

( *3 )   Date(s) on which the aid has been repaid.