INHALT

2012/660/EU: Commission Decision of 27 March 2012 on the measures SA. 26909 (2011/C) implemented by Portugal for the restructuring of Banco Português de Negócios (BPN) (notified under document C(2012) 2043) Text with EEA relevance

COMMISSION DECISION
of 27 March 2012
on the measures SA. 26909 (2011/C) implemented by Portugal for the restructuring of Banco Português de Negócios (BPN)
(notified under document C(2012) 2043)
(Only the Portuguese version is authentic)
(Text with EEA relevance)
(2012/660/EU)
1.
Procedure
2.
Description of the beneficiaries and the measures
2.1
The beneficiary and its difficulties
2.2
The financial support measures prior to nationalisation
2.3
The financial support measures after the nationalisation
2.4
The Restructuring of BPN
3.
Grounds for initiating the formal investigation procedure
4.
Comments from interested parties
5.
Position of the Portuguese State
5.1
Position of the Portuguese State on the Decision of 24 October 2011 (Opening Decision)
5.2
Commitments given by the Portuguese State
6.
Assessment
6.1
Existence of aid
6.1.1.
Measures in favour of BPN and of the economic activity after the sale
6.1.1.1 Measures granted before the nationalisation
6.1.1.2. Measures granted after the nationalisation, not specifically linked to the sale to BIC
6.1.1.3. Measures granted after the nationalisation, linked to the sale to BIC
6.1.1.4. Possible aid to the buyer
6.1.2
Quantification of the aid
6.2
Compatibility of the various aid measures: application of Article 107(3)(b) TFEU
6.3
Compatibility under the Restructuring Communication
6.3.1
Viability
Graph 1
Projections for the combined entity BPN/BIC under the base case scenario, 2012-2016
6.3.2
Aid limited to the minimum and burden-sharing
6.3.3
Measures to limit distortions of competition
6.3.4
Conclusion
6.3.5
Monitoring
7.
Conclusion
Article 1
Article 2
Article 3