Brussels, 27/07/2015 (Agence Europe) - On Friday 24 July, the European Commission opened an in-depth investigation to determine whether the aid granted by the Portuguese state to Banco Internacional do Funchal S.A (Banif) is compatible with the European rules on state aid.
The European institution is currently assessing Banif's restructuring plan, which the Portuguese authorities presented with a view to confirmation of the state aid of €1.1 billion (acquisition of 700 million euros'...