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Europe Daily Bulletin No. 10664

27 July 2012
Contents Publication in full By article 13 / 38
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Approval for restructuring aid for UNNIM Banc SAU

Brussels, 26/07/2012 (Agence Europe) - The European Commission concluded on 25 July that restructuring aid granted by Spain to UNNIM Banc SAU (UNNIM) in the context of the sale of its banking activities to Banco Bilbao Vizcaya Argentaria (BBVA) is in line with EU state aid rules. The Commission found that UNNIM's restructuring plan adequately addresses the structural problems that led to the bail-out of the bank, whilst avoiding undue distortions of competition. (OL/transl.rt)

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