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Europe Daily Bulletin No. 11074

8 May 2014
Contents Publication in full By article 27 / 37
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Commission gives go-ahead to aid for Allied Irish Bank

Brussels, 07/05/2014 (Agence Europe) - On Wednesday 7 May, the European Commission has found that restructuring aid granted by Ireland to Allied Irish Banks plc (AIB) and its subsidiary EBS is in line with EU state aid rules. The total capital support for AIB - including aid to AIB and EBS on a stand-alone basis - i.e. before their merger - is €20.775 billion. Since the merger, the bank has been 99.8% state-owned. The restructuring plan (submitted in 2012 and added to on several occasions...

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