ECLI:EU:T:2012:91•Judgment of the General Court (Sixth Chamber) of 28 February 2012.#Grazer Wechselseitige Versicherung AG v European Commission.#State aid — Aid granted by the Austrian authorities to the Grazer Wechselseitige group (GRAWE) in connection with the privatisation of Bank Burgenland — Decision declaring the aid to be incompatible with the common market and ordering its recovery — Private investor in a market economy test — Application where the State acts as vendor — Determination of the market price.#Case T‑282/08.
Judgment of the General Court (Sixth Chamber) of 28 February 2012.#Grazer Wechselseitige Versicherung AG v European Commission.#State aid — Aid granted by the Austrian authorities to the Grazer Wechselseitige group (GRAWE) in connection with the privatisation of Bank Burgenland — Decision declaring the aid to be incompatible with the common market and ordering its recovery — Private investor in a market economy test — Application where the State acts as vendor — Determination of the market price.#Case T‑282/08.
ECLI:EU:T:2012:91Eu Chamb 06 TFeb 28, 2012
Full text
Subject of the case
Operative part
Subject of the case
Re:
APPLICATION for annulment of Commission Decision 2008/719/EC of 30 April 2008 on State aid C 56/06 (ex NN 77/06) implemented by Austria for the privatisation of Bank Burgenland (OJ 2008 L 239, p. 32).
Operative part
Operative part
The Court:
1. Dismisses the action;
2. Orders Grazer Wechselseitige Versicherung AG to pay the costs.
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