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Image header Agence Europe
Europe Daily Bulletin No. 10421
Contents Publication in full By article 28 / 37
GENERAL NEWS / (ae) eu/competition

German aid to Hypo Real Estate approved

Brussels, 18/07/2011 (Agence Europe) - A capital injection of €10 billion, an asset relief measure with an aid element of €20 billion and liquidity guarantees amounting to €145 billion: these are the components of aid from the German government for the restructuring of the banking group Hypo Real Estate, which the European Commission approved on Monday 18 July. In exchange, the group will liquidate 85% of its commercial activities and only its core bank, Pbb, will continue to operate...

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