What 2006/747/EC: Commission Decision of 26 April 2006 on State Aid which France is planning to implement for Euromoteurs (C 1/2005 (ex N 426/2004)) (notified under document number C(2006) 1540) (Text with EEA relevance) requires
This Commission Decision (2006/747/EC), adopted on 26 April 2006 and published in the Official Journal of the European Union (L 307/213), declares incompatible with the common market the state aid which France was planning to implement for Euromoteurs S.A.S., a French electric motor manufacturer. The aid, notified by France on 5 October 2004, amounts to either €2 million, €2.25 million, or €2.65 million in the form of a government grant and debt write-offs by regional and general councils. The Decision is addressed to the French Republic and states unequivocally that 'the aid may accordingly not be implemented.' The Commission assessed the measure under Article 87(3)(c) of the Treaty and the 1999 Community guidelines on state aid for rescuing and restructuring firms in difficulty. Three principal grounds of incompatibility were identified: first, Euromoteurs had previously received unlawful and incompatible aid under Article 44 septies of the General Tax Code (estimated at approximately €1.7 million), which had not been repaid, creating cumulative undue distortions of competition under the Deggendorf case law; second, the French authorities failed to demonstrate that the restructuring plan was based on realistic assumptions capable of restoring the company's long-term viability, particularly given the unaccounted repayment obligation and underestimated financing needs; and third, France did not demonstrate that aid in excess of €2 million was necessary, meaning the aid was not limited to the minimum required. The Commission concluded that all three compatibility criteria under the 1999 guidelines were unmet.
Pillar: Legal & IP Sovereignty · Authority: Commission of the European Communities · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32006D0747
SHA-256 integrity: f5c4ae3048ff3ec97eca3d8e643202c6bffc89f25dece2bc22adc28e8196b41b
Primary Citations — 10 traced to source
- Article 1: 'The state aid which France is planning to implement for Euromoteurs for an amount of €2 million, €2,25 million or €2,65 million is incompatible with the common market. The aid may accordingly not be implemented.'
- Article 2: 'This Decision is addressed to the French Republic.'
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