Article 1
The capital increase in the amount of EUR 84 094,39 granted by Finland in favour of Ålands Industrihus AB on 18 June 1997 does not constitute State aid in the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Article 2
The State aid measures listed in Section 8.2 of this Decision unlawfully granted by Finland, in breach of Article 108(3) of the Treaty on the Functioning of the European Union, in favour of Ålands Industrihus AB are incompatible with the internal market.
Article 3
1
Finland shall recover the State aid referred to in Article 2 from the beneficiary.
2
The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiary until their actual recovery.
3
The interest shall be calculated on a compound basis in accordance with Chapter V of Regulation (EC) No 794/2004.
4
Finland shall cancel all outstanding payments of the aid referred to in Article 2 with effect from the date of adoption of this Decision.
Article 4
1
Recovery of the aid referred to in Article 2 shall be immediate and effective.
2
Finland shall ensure that this Decision is implemented within four months following the date of notification of this Decision.
Article 5
1
Within two months following notification of this Decision, Finland shall submit the following information to the Commission:
a
the total amount (principal and recovery interest) to be recovered from the beneficiary;
b
a detailed description of the measures already taken and planned to comply with this Decision;
c
documents demonstrating that the beneficiary has been ordered to repay the aid.
2
Finland shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 2 has been completed. It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision. It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.
Article 6
This Decision is addressed to the Republic of Finland.
Done at Brussels, 13 July 2011.
For the Commission
Joaquín Almunia
Vice-President