Brussels, 20/05/2010 (Agence Europe) - On Thursday 20 May, the European Commission finally approved a €1.5 billion recapitalisation provided by Belgium for the restructuring of the insurance company, Ethias. The Commission concluded that Ethias' restructuring plan provides for appropriate measures to restore the company's viability, while addressing competition distortion brought about by the state support.
Ethias, which was initially a group of mutual companies and the third largest...