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Europe Daily Bulletin No. 10913

4 September 2013
ECONOMY- FINANCE - BUSINESS / (ae) state aid
HGAA bank (Austria) to be wound down

Brussels, 03/09/2013 (Agence Europe) - On 3 September 2013, the European Commission approved a plan for the orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA). The Commission found that the plan presented by the Austrian authorities on 29 June is compatible with EU state aid rules. Together with the approval of the plan, the Commission cleared both the aid hitherto granted to HGAA and additional aid that might be required for the wind-down (the figure of €5 billion is doing...

Contents

ECONOMY- FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
SOCIAL AFFAIRS
INSTITUTIONAL