Judgment of the Court (Fourth Chamber) of 2 September 2021.#NeXovation, Inc. v European Commission.#Appeal – State aid – Aid in favour of the Nürburgring complex (Germany) – Decision declaring the aid partly incompatible with the internal market – Sale of the assets of the beneficiaries of the State aid found to be incompatible – Open, transparent, non-discriminatory and unconditional tender process – Decision declaring that the reimbursement of incompatible aid did not concern the new owner of the Nürburgring complex and that the latter did not receive new aid for the acquisition of that complex – Admissibility – Status as an interested party – Person individually concerned – Infringement of the procedural rights of the interested parties – Difficulties requiring the initiation of a formal investigation procedure – Justification.#Case C-665/19 P.