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Image header Agence Europe
Europe Daily Bulletin No. 11036
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Commission gives go-ahead for state aid for Danish bank FIH

Brussels, 11/03/2014 (Agence Europe) - On Tuesday 11 March, the European Commission ruled that state aid granted to the Danish bank FIH to deal with impaired assets is in line with EU state aid rules. In June 2012, the Commission opened an in-depth investigation into the planned aid, consisting of the transfer of property finance assets from FIH, at the time the country's sixth-biggest bank, to a new subsidiary of FIH Holding (Newco), subsequently purchased by the Danish Financial Stability...

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