L 31472 Official Journal of the European Communities 18.11.2002 COMMISSION DECISION of 12 March 2002 on the State aid implemented by Germany for Ingenieur- und Gewerbebau GmbH (IGB) (notified under document number C(2002) 912) (Only the German text is authentic) (Text with EEA relevance) (2002/897/EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having called on interested parties to submit their comments pursuant to the provisions cited above (1), Whereas: I. PROCEDURE By fax of 29 December 1999, registered by the Commission on 10 January 2000 as aid NN 2/2000, the German Government informed the Commission of financial measures to assist Ingenieur- und Gewerbebau GmbH (hereinafter IGB). Given that the financial measures had already been granted to the company, they were registered as unnotified State aid (NN) in accordance with Article 88(3) of the EC Treaty. By letter dated 29 September 2001, the Commission informed Germany that it had decided to initiate the procedure laid down in Article 88(2) of the EC Treaty in respect of the aid. The Commission decision to initiate the procedure was published in the Official Journal of the European Communities (?). The Commission invited interested parties to submit their comments on the aid. The case ()) OJ C 330, 24.11.2001, p. 5. (3 See footnote 1. was then registered as C 66/2001. No comments were received from third parties. Comments were received from Germany on 11 November 2001. II. DESCRIPTION The case concerns financial measures to assist the restructuring of an SME active in the building sector in Thuringia. On 1 January 1997 IGB was merged with HAB, a company owned by IGB's shareholders, and subsequently traded under the name of HAB. Some basic economic data are given below: Progress/output (in DEM '000) 1996 1997 1998 1999 (IGB) (HAB) (HAB) (HAB) Turnover 1655 10 500 9175 5404 Net profit 3 44 22 23 Employees 25 85 85 82 On 28 March 2001 HAB filed for bankruptcy. 1. The restructuring The restructuring period lasted from 1996 to 2000. The restructuring costs amounted to DEM 2 610 000. 2. State financial measures to assist the restructuring According to the information in the Commission's possession, the following measures were granted from public sources to assist the restructuring of: