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Europe Daily Bulletin No. 10042

17 December 2009
Contents Publication in full By article 26 / 30
GENERAL NEWS / (eu) eu/state aid
Green light to LBBW's restructuring plan and impaired assets relief measures

Brussels, 16/12/2009 (Agence Europe) - On Tuesday 15 December, the European Commission authorised the impaired assets relief measures and restructuring plan of the German financial institution Landesbank Baden Württemberg (LBBW). This plan reveals that LBBW is able to restore its vitality, whilst undue distortions of competition will be limited. The bank's own contribution to the restructuring costs is also ensured through loss participations by hybrid capital holders. The Commission also...

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