Article 2
The aid referred to in Article 1 is authorised subject to France's complying with the following undertakings: (a) it shall sell, either together or separately, CIC and GAN to buyers in a position to ensure their future viability and long-term development; (b) it shall ensure that the operations aimed at finding potential buyers and selling the companies start as soon as possible and in any event no later than 30 June 1998 and that they are carried out in accordance with the principles of openness and equal treatment of candidates; (c) it shall, by the end of 1998, dispose of UIC and all holdings in UIS held by the various companies in the GAN group; (d) it shall ensure that GAN sells other strategic shareholdings worth a total of some FRF 2,4 billion; (e) it shall underwrite the current process of the disposal of the assets of Bâticrédit and Parixel, a process which for the most part shall have been completed by the end of 1998, without its being possible for these assets to be acquired by CIC or GAN up until the time of their sale; (f) it must ensure, by disposing of assets to third parties, that GAN or, after its sale, its buyer, reduces, no later than 12 months after GAN is sold off, the turnover of GAN's international insurance business by 50 % as compared with the level entered in the accounts for 31 December 1996.