2005/314/EC: Commission Decision of 22 September 2004 on restructuring aid implemented by France for Compagnie Marseille Réparation (CMR) — State aid C34/03 (ex N 728/02) (notified under document number C(2004) 3350)Text with EEA relevance

Of the amount of EUR 3490000 granted by France to CMR: (a) EUR 75737 is compatible with the common market as regional investment aid under Article 87(3)(e) of the EC Treaty; (b) EUR 102400 is compatible with the common market as training aid under Article 87(3)(c) of the EC Treaty; (c) EUR 3311863 is incompatible with the common market.

1 France shall take all necessary measures to recover from the beneficiary the aid referred to in Article 1(c) and unlawfully made available to the beneficiary. Such aid amounts to EUR 3311863.

2 Recovery shall be effected without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of this Decision.

3 The sums to be recovered shall include interest from the date on which they were at the disposal of CMR until the date of their recovery.

4 Interest shall be calculated in accordance with the provisions laid down in Chapter V of Commission Regulation (EC) No 794/2004 . The interest rate will be applied on a compound basis throughout the entire period referred to in paragraph 3.

5 France shall end the aid measure and cancel all payment of outstanding aid with effect from the date of this Decision.

France shall inform the Commission, within two months of notification of this Decision, of the measures planned and already taken to comply with it. It will provide this information using the questionnaire attached in the Annex to this Decision.

This Decision is addressed to the French Republic.