Article 1
1. The state aid which Spain has granted to Siderúrgica Añón SA is incompatible with the common market. 2. The aid referred to in paragraph 1 includes the following: (a) the aid element involved in the stake acquired by SODIGA in the share capital of Siderúrgica Añón, which corresponds to: (i) an annual premium of 5,13 % applied to the initial capital injection of EUR 1 803 060 reduced by the five annual repayments of EUR 150 916 in the case of the first stake, acquired in 2001, and (ii) an annual premium of 3,86 % applied to the initial capital injection of EUR 495 180 reduced by the four annual repayments of EUR 41 868 in the case of the second stake, acquired in 2002; (b) the grant awarded by IGAPE on 10 November 2000, amounting to EUR 2 399 407; (c) the interest subsidies granted with respect to the syndicated loan of EUR 9 616 193 of 2 April 2001 via the 30 % guarantee, i.e. 0,3 % p.a., and the direct interest subsidy of 0,25 % p.a. provided by IGAPE, which in total amounts to EUR 52 889,1 p.a.; (d) the payment of the formalisation fee of EUR 48 081 by IGAPE with respect to the loan of EUR 9 616 193 of 2 April 2001; (e) the interest subsidy of 5,7 % p.a. contained in the interest-free loan of EUR 1 803 036 granted by the Ministry of Science and Technology on 29 December 2000.