Brussels, 02/05/2016 (Agence Europe) - On Monday 2 May, the European Commission definitively approved the increase by €3 billion in the public guarantee for the bank HSH Nordbank, following an agreement in principle between the German regional authorities in October of last year (see EUROPE 11413).
This agreement provides for a split-off of the bank into, firstly, a holding company that will assume most of the financial obligations related to the payment of the guarantee costs and...