Commission Decision (EU) 2015/1966 of 9 July 2014 on the State aid SA. 34118 (2012/C ex 2011/N) which Germany is planning to implement in favour of Porsche Leipzig GmbH and Dr Ing. H.c.F. Porsche Aktiengesellschaft (notified under document C(2014) 4075) (Text with EEA relevance)

1 The State aid which Germany is planning to implement in favour of Porsche Leipzig GmbH and Dr Ing. H.c.F. Porsche Aktiengesellschaft amounting to EUR 43666078,75 in present value (discounted to the date of notification) and representing a maximum aid intensity of 8,37 % in gross grant equivalent, is compatible with the internal market in accordance with Article 107(3)(c) TFEU.

2 The implementation of the aid referred to in Article 1(1) is accordingly authorised, provided that it is awarded before 1 July 2014.

The German authorities shall submit to the Commission: within 2 months of granting the aid, a copy of the relevant acts concerning this aid measure; on a 5-yearly basis, starting from the approval of the aid by the Commission, an intermediary report (including information on the aid amounts being paid, on the execution of the aid contract and on any other investment projects started at the same establishment/plant); within 6 months after payment of the last tranche of the aid, based on the notified payment schedule, a detailed final report.

This Decision is addressed to the Federal Republic of Germany.