Commission Decision of 24 October 2011 on State aid SA 32600 (2011/C) — France — Restructuring aid to SeaFrance SA granted by the SNCF (notified under document C(2011) 7808) (Only the French version is authentic) (Text with EEA relevance) (2012/397/EU)

Article 1 U.K.

The capital increase of EUR 166,3 million, the loan of EUR 99,7 million and the loan of EUR [40-70] million that the French Republic is planning to implement, through the SNCF, as restructuring aid in favour of SeaFrance constitute State aid within the meaning of Article 107(1) TFEU and are incompatible with the internal market.

For this reason, these aid schemes may not be implemented.