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Europe Daily Bulletin No. 10019

14 November 2009
Contents Publication in full By article 18 / 28
GENERAL NEWS / (eu) eu/state aid
In-depth investigation into restructuring of Hypo Real Estate is extended - Capital injections considered temporarily compatible

Brussels, 13/11/2009 (Agence Europe) - On Friday 13 November, the European Commission decided to extend the in-depth investigation into aid for the German banking group Hypo Real Estate (HRE), opened on 7 May 2009.

Severely affected by the financial crisis in October 2008, the HRE group enjoyed massive state support and became fully public owned in October 2009. Under Community law, the injection of massive state support implies in-depth restructuring allowing the problems that caused state...

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