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 Company. The state aid involved amounts to DKK 2.25 billion (approximately €300 million). The Commission says that the aid plan ensures appropriate remuneration for the impaired assets measure and the restructuring plan (unveiled in January 2013 and amended in June) will make the bank viable without distorting competition. (EL)