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Image header Agence Europe
Europe Daily Bulletin No. 10905
Contents Publication in full By article 11 / 13
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Nord/LB restructuring plan gets official nod of approval

Brussels, 22/08/2013 (Agence Europe) - On Thursday 22 August, the European Commission gave the go-ahead to changes to the restructuring plan in Germany for regional bank Norddeutsche Landesbank Girozentrale (NORD/LB) that is the central bank for building societies in the regions of Lower Saxony, Saxony Anhalt and Western Mecklenburg Pomerania.

The Commission says the structural commitments and additional safeguards provided by Germany mean that the state aid of €2.6 billion for the...