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Europe Daily Bulletin No. 10171

1 July 2010
Contents Publication in full By article 29 / 41
GENERAL NEWS / (eu) eu/state aid
Commission allows new restructuring plan for Austrian Bawag bank

Brussels, 30/06/2010 (Agence Europe) - On Wednesday 30 June, the European Commission authorised a €550 million capital injection provided by Austria in favour of the BAWAG bank (Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft) and approved a new restructuring plan of the bank. The Commission found the restructuring package to be in line with its communication on the restructuring of banks during the crisis because it will allow the bank to become...

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