{
  "url": "https://openlegislation.uk/eu-decision-2016-2057/annex-I/division-5/division-5.6",
  "json_url": "https://openlegislation.uk/eu-decision-2016-2057/annex-I/division-5/division-5.6.json",
  "legislation": "eudn/2016/2057",
  "legislation_title": "Commission Decision (EU) 2016/2057 of 2 May 2016 on the State aid and measures SA.29338 (2013/C-30) and SA.44910 (2016/N) in favour of HSH Nordbank AG (notified under document C(2016) 2689) (Only the German text is authentic) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2016-2057",
  "path": "annex/I/division/5/division/5.6",
  "kind": "division",
  "number": "5.6",
  "heading": null,
  "text": "[Independence of the buyer(s)] The buyer(s) of OpCo must be independent of HSH and the public sector. That will be the case if neither HSH nor the public sector is able to exercise control within the meaning of Article 3 of Council Regulation (EC) No 139/2004 over any of the buyers at the time of sale. The term ‘public sector’ includes the Federal State, all Länder and municipalities and their public institutions as well as undertakings controlled by them. A sale to one or more Landesbank(en) is possible. Public savings banks (öffentliche Sparkassen) may take part — jointly with a minority shareholding — in a purchase through another buyer that is independent of HSH and the public sector (excluding Landesbanken).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) (OJ L 24, 29.1.2004, p. 1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2016/2057/annex/I/division/5/division/5.6",
    "retrieved_at": "2026-11-01T15:13:46.139371+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}