2009/775/EC: Commission Decision of 21 October 2008 on State aid measure C 10/08 ... (32009D0775)
2009/775/EC: Commission Decision of 21 October 2008 on State aid measure C 10/08 (ex NN 7/08) implemented by Germany for the restructuring of IKB Deutsche Industriebank AG (notified under document C(2008) 6022) (Text with EEA relevance)
- COMMISSION DECISION
- of 21 October 2008
- on State aid measure C 10/08 (ex NN 7/08) implemented by Germany for the restructuring of IKB Deutsche Industriebank AG
- (notified under document C(2008) 6022)
- (Only the German text is authentic)
- (Text with EEA relevance)
- (2009/775/EC)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION
- 2.1.
- The beneficiary
- 2.2.
- The reasons for IKB’s difficulties
- 2.3.
- The measures
- (a)
- First measure — risk shield
- (b)
- The second measure — ancillary risk shield
- (c)
- The third measure — capital injection and KfW loan
- (d)
- Liquidity provision
- 2.4.
- Increased losses during the restructuring
- 2.5.
- The sale process
- 2.6.
- Summary of support measures
- 2.7.
- The restructuring plan
- 3.
- THE FORMAL INVESTIGATION PROCEDURE
- 4.
- COMMENTS FROM GERMANY FOLLOWING THE OPENING DECISION
- 5.
- ASSESSMENT
- 5.1.
- Existence of aid
- (a)
- The risk shield and capital contribution measures (first three measures)
- (b)
- The liquidity facility
- (c)
- The sale of IKB
- (d)
- Summary of State aid
- 5.2.
- Compatibility with the common market under Article 87(3)(b): aid to remedy a serious disturbance in the economy of a Member State
- 5.3.
- Compatibility with the common market under Article 87(3)(c) — restructuring aid
- (a)
- Firm in difficulty
- (b)
- Restoration of long-term viability
- (c)
- Aid limited to the minimum — own contribution
- (d)
- Avoidance of undue distortions of competition — compensatory measures
- 6.
- CONCLUSION
- Article 1
- Article 2
- Article 3
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