Betekenis van:
cdc

Voorbeeldzinnen

1. The Commission considers, moreover, that in the specific circumstances of the case, the behaviour of CDC and Holding Communal can also be attributed to the State.
2. There is therefore reason to consider that the capital injections granted by CDC and Holding Communal are imputable to their respective Member States.
3. See also E8/2005 Spanish national public broadcaster RTVE (OJ C 239, 4.10.2006, p. 17; E50/2001 — Garantie accordée par CDC à sa filiale CDC Ixis (OJ C 154, 02.07,2003, p13); E10/2000 — State guarantees for public banks in Germany (Anstaltslast und Gewährträgerhaftung) — OJ C 150, 22.6.2002, p. 7).
4. In conclusion, the Commission considers that the capital injection by CDC and Holding Communal therefore constitutes an element of the aid received by Dexia, within the meaning of Article 107(1) TFEU.
5. CDC is a public undertaking, placed by the French Finance Act of 28 April 1816 under the supervision and guarantee of the legislature, which carries out general interest missions (financing of public services bodies, in particular), is governed by statutory and regulatory rules and its director-general and senior directors are appointed by the President of the French Republic and the French Government [31]; at the time the events took place and by way of derogation from ordinary law, CDC was not subject to the supervision of the Commission bancaire or the Agence des Participations de l’Etat, or to the company tax law granting a ‘voluntary contribution’ to the Treasury,
6. The request by France by letter of 23 February 2007 (SG/CDC/2007/A/1821) to further limit the emission powers for the use of the 865,6-867,6 MHz frequency band for radio frequency identification devices (RFID) operating on the territory of France, as a derogation to Decision 2006/804/EC, is hereby approved, subject to the conditions laid down in this Decision.
7. The Member States concerned emphasised that they had played no part in the decision by CDC, CNP Assurances, Holding Communal, Ethias and Arcofin to participate in the capital increase which, furthermore, in the case of Arcofin and Ethias, was not financed through State resources.
8. The state, directly or through the intermediary of the Caisse des Dépôts and Consignations (CDC), has undertaken to renew the Treasury notes subscribed for EUR 300 million until the expiry of a period of twelve months as from the last issue prior to 8 February 2004 and to subscribe to additional Treasury notes up to the value of EUR 900 million. The state’s commitment in respect of liquidity thus amounts to EUR 1,2 billion.
9. Finally, even where the public investor has owner status (which is the case of the ‘historic’ shareholders whose conduct is imputable to the State, i.e. CDC and Holding Communal), it is appropriate, when comparing it to a private investor in a market economy, to check that the investor behaves as a well-informed investor who does not take more risks than a private investor in a market economy would take [36].
10. Holding Communal has as its shareholders 599 Belgian municipalities and provinces and is the local authorities’ primary financing vehicle; all the members of its board are municipal councillors, mayors or aldermen; the statutes of Holding Communal stipulate that it is subject to the supervision of the Ministry of Finance and the Ministry of the Interior according to the arrangements laid down by law; in this respect, it should be pointed out that the two Government Commissioners (representing the Minister for Finance and the Minister for the Interior respectively) have the power to oppose decisions of the Holding Communal board; according to case-law [32], the existence of a right of veto or power of approval of the State indicates that the conduct of a legal entity is imputable to the State, which applies in the present case to Holding Communal.On the other hand, it has to be noted that, in the present case, the capital injection by CDC and Holding Communal occurred concomitantly with the other measures taken by the States (direct capital injection by the States and regions, guarantee by the States, FSA measure, LA operation guaranteed by the Belgian State).