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Europe Daily Bulletin No. 8015

27 July 2001
Contents Publication in full By article 31 / 40
GENERAL NEWS / (eu) eu/state aid
Commission authorises rescue aid of around EUR 2 billion in favour of Bankgesellschaft Berlin

Brussels, 26/07/2001 (Agence Europe) - The European Commission authorised the aid from the Land of Berlin in favour of the Bankgesellschaft Berlin AG (BGB), or around EUR 2 billion, due to the considerable losses felt by the company, especially in the real estate sector. BGB is a credit establishment whose main shareholder is the Land of Berlin, with 56.6%, the Norddeutsche Landesbank, with 20% and the Parion insurance group, with 7.5%. At the end of June, the Federal government had...

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THE DAY IN POLITICS
GENERAL NEWS