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Image header Agence Europe
Europe Daily Bulletin No. 10197
GENERAL NEWS / (eu) eu/state aid

06/08/2010 (Agence Europe) - On Wednesday 4 August, the European Commission approved the acquisition of the Austrian financial group, Hypo Group Alpe Adria (HGAA), by the Austrian Ministry of Finance. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. This is the second time that the Commission has examined the nationalisation of a bank following the financial crisis under the...