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2006/900/EC: Commission Decision of 20 October 2005 on the… Article 1

2006/900/EC: Commission Decision of 20 October 2005 on the… Article 1

Article 1

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.

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Other provisions in 2006/900/EC: Commission Decision of 20 October 2005 on the…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 1 of 2006/900/EC: Commission Decision of 20 October 2005 on the… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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