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Europe Daily Bulletin No. 12190

9 February 2019
Contents Publication in full By article 12 / 29
ECONOMY - FINANCE / State aid
Acquisition of Grivalia by Eurobank is compatible with commitments made under second Greek bailout plan
Brussels, 08/02/2019 (Agence Europe)

The European Commission approved on Thursday 7 February, the acquisition of Grivalia by Eurobank, but only the state aid part of this operation. 

This case dates back to 2014, when the European Commission approved Eurobank's restructuring plan under EU state aid law (see EUROPE 11069). 

In 2015, the Commission then gave the green light to amended restructuring plans for four Greek banks, including Eurobank. One of the commitments then made to this financial institution was, for a period of...

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