Commission Decision of 20 April 2004 on the measure implemented by France for Société de Réparation Navale et Industrielle SA (SORENI) (notified under document number C(2004) 1362) (Only the French version is authentic) (Text with EEA relevance) (2005/90/EC)

Article 1

Of the aid totalling EUR 4 570 000 granted by France to Société de réparation navale et industrielle (SORENI):

(a)

EUR 266 691 is compatible with the common market as regional investment aid under Article 87(3)(e) of the Treaty;

(b)

EUR 280 000 is compatible with the common market as training aid under Article 87(3)(e) of the Treaty;

(c)

EUR 4 023 309 is incompatible with the common market, of which EUR 1 049 003 has not been disbursed and EUR 2 974 306 has been made available.

Article 2

1. France shall take all necessary measures to recover from the beneficiary the aid referred to in Article 1 and unlawfully made available to the beneficiary. This amounts to EUR 2 974 306.

2. Recovery shall be put into effect without delay and in accordance with the procedures of national law provided that they allow the immediate and effective execution of the decision.

3. The aid to be recovered shall include interest from the date on which it was at the disposal of the beneficiary until the date of its recovery.

4. Interest shall be calculated on the basis of the reference rate used for calculating the grant equivalent of regional aid.

5. This reference rate shall be applied on a composite basis throughout the period referred to in paragraph 3.

Article 3

France shall inform the Commission, within two months of notification of this Decision, of the measures planned and taken to comply with it. It shall provide the information using the information sheet annexed hereto.

Article 4

This Decision is addressed to the French Republic.

Done at Brussels, 20 April 2004.

For the Commission

Mario Monti

Member of the Commission