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Image header Agence Europe
Europe Daily Bulletin No. 10476
Contents Publication in full By article 28 / 28
GENERAL NEWS / (ae) eu/state aid

Temporary approval of Belgium's nationalisation of DBB

Brussels, 18/10/2011 (Agence Europe) - On 17 October, the European Commission temporarily approved the nationalisation of Belgium's second largest bank Dexia Bank Belgium (DBB) through its acquisition by the Belgian state for €4 billion to be paid to Dexia SA. The Commission acknowledges that the measure is necessary to preserve financial stability. However, at this stage, the Commission is not able to conclude whether the acquisition by the Belgian state complies with EU state aid rules....

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