2014/884/EU: Commission Decision of 11 March 2014 on State aid SA.34445 (12/C) im... (32014D0884)
2014/884/EU: Commission Decision of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (notified under document C(2014) 1280) Text with EEA relevance
- COMMISSION DECISION
- of 11 March 2014
- on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC
- (notified under document C(2014) 1280)
- (Only the English text is authentic)
- (Text with EEA relevance)
- (2014/884/EU)
- 1.
- PROCEDURE
- 2.
- DESCRIPTION
- 2.1. THE BENEFICIARY
- 2.2. THE EVENTS TRIGGERING THE AID MEASURES
- 2.3. THE AID MEASURES
- 2.4. THE FORMAL INVESTIGATION PROCEDURE
- 3.
- RESTRUCTURING
- 3.1. THE RESTRUCTURING PLAN
- 3.2. ACTIONS TAKEN BY DENMARK TO ADDRESS THE CONCERNS RAISED BY THE COMMISSION
- 3.3. COMMITMENTS PROPOSED BY DENMARK
- 4.
- POSITION OF THE DANISH AUTHORITIES
- 5.
- ASSESSMENT
- 5.1. EXISTENCE OF STATE AID
- 5.1.1.
- State resources
- 5.1.2.
- Existence of an advantage
- 5.1.3.
- Selectivity
- 5.1.4.
- Distortion of competition and effect on trade between Member States
- 5.2. AMOUNT OF AID
- 5.3. COMPATIBILITY
- 5.3.1.
- Legal basis for the compatibility of the aid
- 5.3.2.
- Compatibility of the measures with the Impaired Assets Communication
- 5.3.3.
- Compatibility of the aid with the Restructuring Communication and the 2011 Prolongation Communication
- (84)
- (i)
- Viability
- (ii)
- Burden-sharing
- (iii)
- Distortion of competition
- 5.4. CONCLUSION AND CLOSURE OF THE OPENING OF THE FORMAL INVESTIGATION PROCEDURE
- Article 1
- Article 2
- ANNEX
- TERM SHEET (CASE SA.34445) DENMARK — RESTRUCTURING PLAN OF FIH
- 1.
- Background
- 2.
- Definitions
- 3.
- General
- 4.
- Structural measures
- 4.1. Acquisition Finance
- 4.2. Closure of the Property Finance business
- 4.3. Divestiture of the Private Equity business
- 4.4. Mortgage Bank
- 5.
- Behavioural measures and corporate governance
- 6.
- Capital relief
- 7.
- Reporting
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