The beneficiary. (5) The recipient of the aid is Xxxxx, a legal entity founded in January 2021. Rubin is fully owned by Eachairn Aerospace Holdings Limited, a member of the Melrose Group (4). Melrose Group operates in a number of geographical regions and sectors, such as aerospace, automotive, powder metallurgy, and air management. Hungary submits that it is expected that the 100 % ownership of Xxxxx will be transferred to the automotive division of the Melrose Group, i.e. to GKN Automotive Limited, (‘GKN Automotive’), which — like Eachairn Aerospace Holdings Limited — is 100 % indirectly owned by Melrose Industries PLC. The beneficiary is a large enterprise (5).
The beneficiary. (4) The recipient of the aid is Samsung SDI, a fully owned subsidiary of Samsung SDI Co. Ltd. (hereinafter ‘Samsung SDI Group’) which is headquartered in South Korea. The Samsung SDI group is a large undertaking with almost 19 000 employees globally and a turnover of about EUR 4 billion in 2016.
The beneficiary. (4) The KBC Group NV is the holding company of KBC Bank, KBC Insurance and KBL European Private Bankers (i.e. KBL EPB). KBC is an integrated bank insurance group, catering mainly for retail customers, small and medium enterprises (SMEs) and private banking clientele. KBC is one of the main financial institutions in Belgium. Besides its activities in Belgium, central and eastern Europe, KBC is present in Russia, Romania, Serbia, several Western European countries and to a lesser extent in the US and Southeast Asia.