Article 1
The measures which Germany has implemented for SKET MAB, Magdeburg and the heavy machinery manufacturing operation of SKET SMM amounting to DEM 57,8 million are compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty and Article 61(3)(c) of the EEA Agreement. The relevant aid comprises: (a) a grant by the BvS to finance working capital and capital assets (DEM 40 million); (b) a grant by the BvS for the building-up of stocks (DEM 3,7 million); (c) a loan for the heavy machinery manufacturing operation of SKET SMM and the waiver of repayment (DEM 4 million); (d) a grant for the final phase of restructuring (approximately DEM 10,1 million).