Article 1
The State aid which Germany has implemented for Chemische Werke Piesteritz is incompatible with the common market. The aid consists of the following measures: 1. Measure 4: The waiver of a purchase price totalling EUR 3 181 769. 2. Measure 5: The waiver of interest accumulated on the purchase price up to the end of 1996 and amounting to EUR 237 239. 3. Measure 6: An investment grant of EUR 1 799 747. 4. Measure 7 (including Measure 7a): A guarantee/loan from the BvS of EUR 644 228. The aid element of the guarantee is calculated as the difference between the reference interest rate plus 400 basis points and the interest rate at which the guaranteed loan was provided. The aid element of the loan is the difference between the reference interest rate plus 400 basis points and the interest rate at which the loan was provided by the BvS. 5. Measure 8 (including Measure 8a): A guarantee/loan from the BvS of EUR 869 196. The aid element of the guarantee is calculated as the difference between the reference interest rate plus 400 basis points and the interest rate at which the guaranteed loan was provided. The aid element of the loan is the difference between the reference interest rate plus 400 basis points and the interest rate at which the loan was provided by the BvS.