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Europe Daily Bulletin No. 10349

1 April 2011
Contents Publication in full By article 32 / 37
GENERAL NEWS / (eu) eu/competition
Aid for Kommunalkredit Austria approved

Brussels, 31/03/2011 (Agence Europe) - On Thursday 31 March, the European Commission approved several measures in favour of Kommunalkredit Austria AG, which was nationalised in 2008 and split in 2009 into two bodies (Kommuinalkredit and Kommunalkredit Finanz) following the economic crisis. The Commission concluded that the restructuring plan is appropriate to restore the bank's viability, while adequately addressing competition distortions brought about by the state support. This consists...

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