Brussels, 19/10/2015 (Agence Europe) - On Monday 19 October, the European Commission announced that it had reached an agreement in principle with the German authorities to approve the increase by €3 billion of a public guarantee to the bank HSH Nordbank.
The agreement provides for a split of the bank into a holding company, which will take over most of the guarantee fee payment obligations, and an operating subsidiary, which will continue the bank's current operations. This operating...