Brussels, 10/07/2013 (Agence Europe) - The Bank of Ireland (BOI) will no longer be obliged to sell its insurance company New Ireland Assurance Company (NIAC), as laid down in its second restructuring plan approved in December 2011 (see EUROPE 10520), but may replace this move with equivalent commitments, the European Commission decided on Tuesday 9 July, taking the view that this amendment is compatible with EU rules on state aid.
The 2011 decision definitively authorised various state aid...