No L 171/54 Official Journal of the European Communities 26. 6. 92 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 25 March 1992 on State aid in favour of Hilaturas y Tejidos Andaluces SA, now called Mediterraneo Técnica Textil SA and its buyer (Only the Spanish text is authentic) (92/317/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular the first subpara- graph of Article 93 (2) thereof, Having given notice to the parties concerned to submit their comments as provided for in the said Article 93, and having regard to those comments, Whereas : Hilaturas y Tejidos Andaluces SA or Hytasa, now called Mediterrineo Técnica Textil SA was a State undertaking up to 1990 belonging to the Spanish State via the Property Office of the Ministry of the Economic Affairs and Finance (Patrimonio). It was established in Seville in 1937 by a private entrepre- neur. In consequence of its financial difficulties the company was taken over by the Patrimonio in 1982. Hytasa operated as an integrated manufacturer for cotton products carrying out ginning, spinning, weaving, fini- shing and tailoring operations; spinning, weaving and finishing are the operations of the wool sector.: The firm owns a factory in Seville where the textile opera- tions are carried out (spinning, weaving and finishing) and three other plants in other small towns of the region for the agro-industrial operations (ginning). Agricultural plots for a total of 100 000 m? also belong to the company. Since the time of the acquisition of the company and up to 1986 Patrimonio launched a restructuring plan financed via the provision of a Spanish sectoral aid scheme and via capital injections for Pta 6 600 million ; the plan aimed at improving the productivity of Hytasa by. reducing the workforce without increasing the produc- tive capacities. Notwithstanding those efforts the negative economic results reduced the capital of Hytasa to virtually nil at the eve of the Spanish accession to the Communities in 1986 ; the 1985 economic results pointed out a turnover of about Pta 6 billion and losses reaching the level of 27 % on sales. I Following a complaint, the Commission requested the . Spanish authorities by letter dated 4 April 1989, to send it all relevant information on alleged capital contributions that the State had made to cover operating losses of Hytasa SA after the accession of Spain to the Communi- ties. By letter dated 4 August 1989, the Spanish authorities provided first information. This reply being insufficient to assess the compatibility of the State interventions with the