INHALT

2014/767/EU: Commission Decision of 23 July 2013 on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos (notified under document C(2013) 4801) Text with EEA relevance

COMMISSION DECISION
of 23 July 2013
on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos
(notified under document C(2013) 4801)
(Only the English text is authentic)
(Text with EEA relevance)
(2014/767/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 on the misuse of aid
3.
RESTRUCTURING OF CGD
4.
POSITION OF THE PORTUGUESE AUTHORITIES
4.1.
Position of the Portuguese authorities on the restructuring plan
4.2.
Position of the Portuguese authorities on the procedure on the misuse of aid
4.3.
Commitments of the Portuguese authorities
5.
ASSESSMENT
5.1.
Existence of State Aid
5.2.
Compatibility of the aid with the internal market
5.2.1.
Legal basis for the compatibility of the aid
5.2.2.
Compatibility of the aid with the Restructuring and Prolongation Communication
5.3.
Monitoring
Article 1
Article 2
Article 3
Article 4
ANNEX
COMMITMENTS CAIXA GERAL DE DEPÓSITOS, S.A.
1.
Background
2.
Definitions
3.
General
4.
Restructuring of cgd: split into core activities and non-core activities
4.2. The Core Activities
4.2.3. Size
4.2.4. Branches and Employees
4.2.5. Description of Core Activities
4.2.6. Principles which apply to the International Core Activities and to the International Instrumental Activities
4.2.7. Restructuring plan for BCG Spain
4.2.7.3.1. Phase 1
4.2.7.3.2. Phase 2
4.3. The Non-Core Activities
4.3.1. The sale of Caixa Seguros
4.3.2. Assets allocated to the Non-Core Activities to be run-down
5.
Repayment Mechanism of the AID
6.
Behavioural measures and corporate governance
6.5. Assurances regarding corporate governance
6.6. Remuneration of bodies and employees:
6.10. Monitoring Trustee
6.11. Divestiture Trustee
Appendix I
THE MONITORING TRUSTEE
(A)
Appointment of the Monitoring Trustee
(B)
Appointment of the Divestiture Trustee
(C)
General duties and obligations
(D)
Duties and obligations of the Monitoring Trustee and the Divestiture Trustee
(E)
Duties and obligations of CGD
(F)
Replacement, discharge and reappointment of the Trustee
Appendix II
NET ASSETS CONTRIBUTION ARISING FROM PARTICIPATIONS ON OTHER DOMESTIC BUSINESS UNITS (EQUITY METHOD)
Appendix III
DETAILED ASSETS OF BCG SPAIN (INCLUDING ASSETS THAT WILL BE TRANSFERRED TO THE SPANISH BRANCH)
Appendix IV
DETAILED ASSETS OF THE SPANISH BRANCH
Appendix V
LIST OF THE […] SPANISH BRANCHES ([…])