2006/900/EC: Commission Decision of 20 October 2005 on the State Aid implemented by Finland for investment aid to Componenta Corporation (notified under document number C(2005) 3871) (Text with EEA relevance)
The state aid which Finland has implemented for Componenta Oyj, amounting to EUR 2 383 276,5 in the form of a payment from Karkkila City for shares in Karkkilan Keskustakiinteistöt Oy of EUR 713 092,5 and an interest-free loan of EUR 1 670 184,0 granted from Karkkila City to Karkkilan Keskustakiinteistöt Oy, which was used by Karkkilan Keskustakiinteistöt Oy to repay Componenta Oyj for its outstanding loan of the same amount, is incompatible with the common market.
This aid amount of EUR 713 092,5 can be reduced if Finland provides evidence that the overvaluation of the land, as described above, is less than EUR 619 760. The aid amount would then be reduced by the corresponding proven value of the shares in Karkkilan Keskustakiinteistöt Oy sold to Karkkila City.
1. Finland shall take all necessary measures to recover from the beneficiary, Componenta Oyj, the aid referred to in Article 1 and unlawfully made available to the beneficiary.
2. Recovery shall be effected without delay and in accordance with the procedures under national law, provided that they allow the immediate and effective execution of this 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 in accordance with the provisions laid down in Chapter V of Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty ( 8 ) .
1. Finland shall inform the Commission, within two months of notification of this Decision, of the measures already taken and planned to recover the aid referred to in Article 1. It will provide this information using the questionnaire attached in the Annex of this Decision.
2. Finland shall also submit, within two months of notification of this Decision, documents giving evidence that recovery proceedings have been initiated against the beneficiary Componenta Oyj.
This Decision is addressed to the Republic of Finland.
Supplementary provisions
Information regarding the implementation of the Commission decision (2006//EC)
ANNEX ISupplementary provisions
ANNEX I
Information regarding the implementation of the Commission decision (2006//EC)
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 recipient:
Date(s) of payment ( 1 )
Amount of aid ( *1 )
Currency
Identity of recipient
Comments:
1.2.
Please explain in detail how the interest payable on the amount to be recovered will be calculated.
2. Recovery measures planned or already taken
2.1.
Please describe in detail what measures have been taken and what measures are planned to bring about the immediate and effective recovery of the aid. Please also explain what alternative measures are available under national law to effect recovery. Where relevant, please also indicate the legal basis for the measures taken or planned.
2.2.
By what date will the recovery of the aid be completed?
3. Recovery already effected
3.1.
Please provide the following details of aid that has been recovered from the recipient:
Date(s) ( 2 )
Amount of aid repaid
Currency
Identity of recipient
3.2.
Please attach supporting documents for the repayments shown in the table at point 3.1.
( 1 )
(°)
Date(s) on which (individual instalments of) the aid has been put at the disposal of the recipient (if the measure consists of several instalments and reimbursements, use separate rows).
( *1 ) Amount of aid put at the disposal of the recipient, in gross grant equivalents.
( 2 )
(°)
Date or dates on which the aid was repaid.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
